Centrus Energy is a trusted supplier of enriched uranium fuel for commercial nuclear power plants in the United States and around the world. With world-class technical and engineering capabilities, Centrus is advancing the next generation of centrifuge technologies so that America can restore its domestic uranium enrichment capability in the future.
Since 1998, the company has provided our utility customers with more than 1,750 reactor years of fuel, which is equivalent to 7 billion tons of coal. We provide value to our utility customers through the reliability and diversity of our supply sources – helping them meet the growing need for clean, affordable, carbon-free electricity. Centrus has a long-term order book extending well into the next decade and continues to innovate so that we can help our customers reduce their fuel costs with products and services tailored to their requirements.
The shutdown of the obsolete Paducah Gaseous Diffusion Plant in 2013 left the United States without a domestically developed uranium enrichment capability for the first time since the Manhattan Project. The United States Department of Energy has said this capability must be restored in the future to support America’s long-term national security, energy security and non-proliferation interests. Centrus remains committed to supporting these important national priorities.
To that end, Centrus is working with the U.S. Department of Energy and Oak Ridge National Laboratory to develop and demonstrate advanced centrifuge uranium enrichment technology. In 2016, the company successfully completed its three-year demonstration effort in Piketon, Ohio, and continues to advance and improve the technology at our state-of-the-art engineering and testing facilities in Oak Ridge, Tennessee.
While the global enrichment market won’t support the deployment of a new, commercial scale production facility in the near term, Centrus is committed to resuming uranium enrichment operations in the future. We are laying the technical and economic groundwork to be a leading, low cost producer
Centrus is working to grow and diversify our business, leveraging our diverse supply sources and unique technical capabilities to bring value to our customers. As the global nuclear industry expands its role in providing clean, reliable power, Centrus will be ready to fuel the next generation of reactors. With deep technical expertise and capabilities, a multi-billion dollar order book, and long-term supply agreements through 2026 and beyond, the company is well-positioned for the future.