Centrus Energy unit wins award from DoE for HALEU enrichment

Centrus Energy (LEU) announced that its subsidiary, American Centrifuge Operating, has won an award from the U.S. Department of Energy aimed at expanding domestic commercial production of High-Assay, Low-Enriched Uranium, which is needed to fuel many next-generation nuclear reactor designs currently under development. ACO is one of four awardees being announced today for HALEU production, with a minimum contract value of $2M and a maximum value for all awardees of $2.7B over a ten-year period. The ultimate dollar amount associated with this award – and the potential scale of the expansion supported — will depend upon task orders subsequently issued by the U.S. Department of Energy to Centrus. ACO will manufacture the centrifuges and supporting equipment exclusively in the United States, relying upon domestic engineering and a domestic supply chain that currently spans 14 major, American-owned suppliers in 13 states and is expected to grow.