Centrus Energy announced today that its subsidiary, American Centrifuge Operating, LLC (ACO), has secured an award from the U.S. Department of Energy (DOE) for High-Assay, Low-Enriched Uranium (HALEU) deconversion services. This award supports the deployment of technology and equipment to transform HALEU from uranium hexafluoride (UF6) to uranium oxide and/or uranium metal forms, a vital step in the nuclear fuel production process.
ACO is one of six companies selected for this deconversion contract, which carries a minimum value of $2 million and a maximum aggregate value of $800 million for all awardees. The ultimate financial impact for Centrus will depend on specific task orders issued by the DOE.
This award is a critical component in establishing an advanced nuclear fuel supply chain for next-generation reactors and expands the capabilities of Centrus's Ohio facility. As the sole U.S.-owned, U.S.-technology enrichment company, Centrus aims to lead the restoration of America's nuclear fuel leadership with American technology and workforce.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.