Centrus Energy Gets DOE Award to Boost Uranium Capacity

Dow Jones

Oct 18, 2024

By Sabela Ojea

Centrus Energy said its subsidiary American Centrifuge Operating has won an award from the Energy Department to expand its high-assay, low-enriched uranium domestic commercial production.

The supplier of nuclear fuel and services for the nuclear power industry on Thursday said the contract has a minimum value of $2 million and a maximum value for all awardees of $2.7 billion over a 10-year period.

American Centrifuge Operating will manufacture centrifuges and supporting equipment exclusively in the U.S., relying upon domestic engineering and a U.S. supply chain that currently spans 14 major suppliers in 13 states.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

October 17, 2024 16:56 ET (20:56 GMT)

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