Centrus Wins LEU Enrichment Award from U.S. Department of Energy

Core Points - Centrus Energy's subsidiary, American Centrifuge Operating, LLC, has received an award from the U.S. Department of Energy to enhance domestic production of Low-Enriched Uranium (LEU) [1][2] - This marks the third selection for Centrus under the DOE's Nuclear Fuel Supply Program, aimed at restoring the U.S. nuclear fuel supply [1][2] - The contract has a minimum value of $2 million and a maximum potential value of $3.4 billion over ten years, depending on future task orders from the DOE [2] Company Developments - Centrus is resuming centrifuge manufacturing and expanding its Tennessee facility, with an investment of $60 million planned over 18 months to meet commercial and government demands [3] - The manufacturing of centrifuges and supporting equipment will be conducted exclusively in the U.S., utilizing a domestic supply chain involving 14 major suppliers across 13 states [4] - Centrus has also been awarded contracts for producing High-Assay, Low-Enriched Uranium (HALEU) and for deconversion processes related to HALEU [5] Industry Context - Centrus Energy is positioned as a key player in the nuclear fuel industry, contributing to the growing demand for clean and carbon-free energy solutions [6][7] - The company aims to restore America's uranium enrichment capabilities, which are critical for national security and energy independence [7]