News And Updates

Tag: high assay low enriched uranium

12.01.2022

Centrus Energy Finalizes Contract with U.S. Department of Energy to Complete HALEU Cascade Construction and Produce HALEU for Up to 10 Years

Bethesda, Md — Centrus Energy Corp. (NYSE American: LEU) announced that its wholly-owned subsidiary, American Centrifuge Operating LLC (ACO), has signed a definitized contract with the U.S. Department of Energy (DOE) to pioneer production of High-Assay, Low-Enriched Uranium (HALEU) at its facility leased from DOE in Piketon, Ohio.  ACO was selected for the competitively-awarded contract […]

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11.10.2022

U.S. DOE PRESS RELEASE: DOE Announces Cost-Shared Award for First-Ever Domestic Production of HALEU for Advanced Nuclear Reactors

The U.S. Department of Energy (DOE) today announced an approximately $150 million cost-shared award with American Centrifuge Operating, LLC of Bethesda, Maryland, a subsidiary of Centrus Energy Corp, to demonstrate the nation’s ability to produce high-assay low-enriched uranium (HALEU)—a crucial material needed to develop and deploy advanced reactors in the United States.

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11.17.2021

Oklo Teams Up with Centrus to Produce U.S.-based Fuel Supply to Support the Commercialization of Advanced Fission

Oklo Inc. and Centrus Energy Corp. have signed a non-binding Letter of Intent to cooperate in the deployment of a High-Assay, Low-Enriched Uranium production facility.  HALEU is an advanced fuel material that can be used to fuel both existing and advanced fission power plants.  Both companies are committed to working toward establishing domestic HALEU production capabilities to support the commercialization of Oklo’s power plants.

News Releases

06.14.2021

NRC Approves Centrus Energy’s License Amendment for HALEU Production

Centrus Energy Corp. announced that the U.S. Nuclear Regulatory Commission (NRC) approved the Company’s license amendment request to produce High-Assay, Low-Enriched Uranium (HALEU) at the Piketon, Ohio, enrichment facility. The Piketon plant is now the only U.S. facility licensed to enrich uranium up to 20 percent Uranium-235 (U-235) and expects to begin demonstrating HALEU production early next year. 

News Releases

03.23.2021

Centrus Provides Update on Construction of America’s First HALEU Production Facility

BETHESDA, Md. - Centrus Energy Corp. (NYSE American: LEU) is providing an update on construction of the nation’s first production facility for High-Assay, Low-Enriched Uranium (HALEU) in Piketon, Ohio.  “Despite the impact of the pandemic and the extraordinary steps we have taken to protect our workforce – including limiting the number of people who can be on the construction site at any one time – we have kept construction on track and expect to begin producing HALEU by  next year,” said Centrus President and CEO Daniel B. Poneman.  “We believe this first-of-a-kind facility can play a critical role in meeting both government and commercial requirements for HALEU, powering America’s nuclear leadership as the world turns to a new generation of advanced reactors and advanced nuclear fuels.”

News Releases

09.15.2020

TerraPower announces plan to invest in domestic advanced nuclear fuel production to ensure U.S.-based fuel supply for advanced reactors

TerraPower announced today its plans to team with Centrus Energy Corp. to establish commercial-scale, domestic production capabilities for high-assay, low-enriched uranium (HALEU), which will be needed to fuel many next-generation reactor designs including the recently announced Natrium™ Power Storage System designed by TerraPower and GE Hitachi Nuclear Energy.

News Releases

06.23.2020

NRC Accepts Centrus Energy Application for License Expansion

BETHESDA, Md. — Centrus Energy Corp. (NYSE American: LEU) today announced that the Company’s application to produce High-Assay Low-Enriched Uranium (HALEU) at its Piketon, Ohio, facility has been accepted by the Nuclear Regulatory Commission (NRC) for formal review. HALEU-based fuels will be required for most of the advanced reactor designs currently under development and may […]

News Releases

04.28.2020

Advanced Reactor Concepts (ARC) and Centrus Energy Sign Letter of Intent for HALEU Supply

WASHINGTON, D.C. and BETHESDA, Md. — Advanced Reactor Concepts, LLC, and Centrus Energy Corp. (NYSE American: LEU) have signed a letter of intent to cooperate in supporting deployment of U.S. uranium enrichment capacity to produce High Assay, Low Enriched Uranium (HALEU) – an advanced nuclear fuel that could power both existing and next-generation nuclear reactors, […]

News Releases

04.23.2020

Centrus Welcomes White House Nuclear Fuel Working Group Report

BETHESDA, Md. – Centrus Energy Corp. (NYSE American: LEU) welcomed the release of today’s report from the White House Nuclear Fuel Working Group Report, which calls for “immediate action to support domestic uranium miners and restore the viability of the entire front-end of the nuclear fuel cycle” so that we can meet our national security […]

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11.29.2018

X-energy and Centrus Begin Advanced Nuclear Fuel Fabrication Facility Design

“This collaboration between X-energy and Centrus puts our two companies at the forefront of the effort to supply the fuel for the next generation of nuclear reactors,” said Daniel Poneman, president and CEO of Centrus. “We see great promise in this market and believe the advanced TRISO fuel to be produced in this facility will offer an attractive and competitive solution to power advanced reactors around the world.”

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