U.S. Department of Energy Announces Award for HALEU Deconversion

Core Points - Centrus Energy's subsidiary, American Centrifuge Operating, LLC, has received an award from the U.S. Department of Energy to support the deconversion of High-Assay, Low-Enriched Uranium (HALEU) [1][2] - The award is part of a broader initiative to build an advanced nuclear fuel supply chain for next-generation reactors, with a minimum contract value of $2 million and a maximum potential value of $800 million for all awardees [2] - Centrus Energy has supplied over 1,750 reactor years of fuel since 1998, equivalent to 7 billion tons of coal, and aims to restore domestic uranium enrichment capabilities [3] Company Overview - Centrus Energy is a trusted supplier of nuclear fuel and services, focusing on reliability and diversity in supply sources to meet the demand for clean, affordable, carbon-free electricity [3] - The company is advancing next-generation centrifuge technologies to enhance its domestic uranium enrichment capabilities [3]