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Centrus to Expand Oak Ridge Centrifuge Manufacturing Plant to Facilitate Large-Scale Deployment
Prnewswire· 2026-01-23 16:56
Core Viewpoint - Centrus Energy plans a significant expansion in East Tennessee, transitioning its Oak Ridge facility into a high-rate manufacturing plant, which will enhance its uranium enrichment capabilities and support national security requirements [1][3]. Group 1: Expansion and Investment - Centrus will create nearly 430 new jobs and invest over $560 million in Anderson County over the next several years to support workforce growth and the production of advanced centrifuges [2][7]. - The expansion aligns with Centrus' plans for a major upgrade of its Ohio uranium enrichment plant, with the first new centrifuges from Tennessee expected to be operational in Ohio by 2029 [3][4]. Group 2: Government Support and Funding - Centrus is the eighth company to utilize funding from Tennessee's Nuclear Energy Fund, which has a total of $70 million allocated since its inception, including $50 million in the 2023-2024 budget and an additional $20 million in subsequent legislative sessions [5]. - The expansion is supported by various state and local leaders, emphasizing Tennessee's role as a leader in clean energy and nuclear innovation [6][8]. Group 3: Company Background and Industry Position - Centrus Energy is a trusted supplier of nuclear fuel and services, having provided over 1,850 reactor years of fuel since 1998, equivalent to more than 7 billion tons of coal [9]. - The company is pioneering the production of High-Assay, Low-Enriched Uranium and is focused on restoring America's uranium enrichment capabilities to meet clean energy and national security needs [10].