HALEU and LEU enrichment capacity, uranium supply chains, Centrus, Urenco and fuel feedstock developments
Urenco plans a 50% capacity expansion at its US enrichment facility, while Uranium Energy Corp develops critical conversion capabilities to supply hexafluoride gas.
Centrus Energy has announced a $500 million equity offering to fund the expansion of its HALEU enrichment capacity. The move reduces reliance on government allocations and accelerates commercial production.
Centrus Energy and Radiant Industries have signed a definitive multi-year contract for the domestic supply of HALEU fuel to power Radiant's Kaleidos microreactors. The deal includes prepayments to support Centrus's capacity expansion in Ohio.
The US Department of Energy has awarded Centrus a $150 million contract to produce HALEU, supporting the expansion of the Piketon facility and the development of a domestic supply chain.
Centrus Energy has successfully converted $3 billion in contingent backlog into firm contracts, fueling a multi-billion-dollar expansion of its Piketon facility to rebuild the domestic HALEU supply chain.
Hexium and Nusano are advancing novel isotope separation technologies to produce HALEU, aiming to break the current market monopoly and supply advanced reactors.
Centrus Energy has commenced domestic HALEU production at its Ohio facility under a DOE contract, positioning itself as a critical supplier for advanced reactors.
Oklo Inc. and Centrus Energy Corp. announced plans for a joint venture focused on HALEU deconversion and enrichment services at Centrus' Piketon site in Ohio. The co-location strategy aims to streamline the fuel cycle.
The US currently relies on a single 16-centrifuge cascade for HALEU enrichment while foreign entities process the majority of utility feed. Meanwhile, domestic UF6 conversion capacity remains concentrated among a few Western plants.
Centrus Energy Corp. plays a vital role in the nuclear fuel supply chain by supplying low-enriched uranium components, separative work units, and enriched uranium products to utility companies.
Investments in uranium enrichment were stalled for over four decades following the Chernobyl accident, creating acute material shortages for today's advanced nuclear startups.
Centrus Energy is expanding its Piketon, Ohio facility to boost HALEU production capacity following a $900 million task order from the DOE. The company also plans to launch a new centrifuge manufacturing plant in Oak Ridge, Tennessee.