DealsJul 2, 2026, 01:56 PM
Centrus Signs $900M DOE Contract for HALEU Enrichment
AI Summary
Centrus Energy Corp. announced that its wholly-owned subsidiary, American Centrifuge Operating, LLC, signed a $900 million firm fixed-price contract with the U.S. Department of Energy. This agreement is for establishing new domestic commercial High-Assay, Low-Enriched Uranium (HALEU) enrichment capacity at its Piketon, Ohio facility. Including options, the total contract value exceeds $1 billion, marking a significant transition from demonstration to commercial-scale HALEU production and supporting a multi-billion-dollar capacity expansion.
Key Highlights
- Centrus' subsidiary, American Centrifuge Operating, LLC, signed a $900 million firm fixed-price contract with the U.S. Department of Energy.
- The contract establishes new domestic commercial High-Assay, Low-Enriched Uranium (HALEU) enrichment capacity in Piketon, Ohio.
- It includes delivery of one metric ton of HALEU UF6 by March 2032, enriched to 19.75% 235U.
- The contract has two options, at the Department's discretion, for an additional 5 MTU each at $17 million per MTU, totaling $170 million.
- The total contract value, including all options, is over $1 billion ($1.07 billion).
- Centrus is transitioning from a HALEU demonstration contract to commercial-scale production, with new capacity expected by 2029.
- The company completed production of an additional 900 kilograms of HALEU UF6 ahead of schedule under the previous demonstration contract.
- The expansion project is expected to create 1,000 construction jobs, 300 new operating jobs, and retain 150 existing jobs in Ohio, plus 430 jobs in Tennessee.
Price Impact
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