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Centrus Energy Secures $900M Contract with DOE for HALEU Cascade Commercialization.

Jul 02, 2026

Contract Type

contract

BethesdaOtherEnergySustainabilityOil And GasNatural ResourcesScience And EngineeringRenewable Energy

Description

Centrus Energy has signed a $900 million contract with the U.S. Department of Energy to transition its HALEU cascade in Piketon, Ohio, to commercial operation. This contract is part of a larger $2.7 billion domestic uranium enrichment program aiming to restore large-scale uranium enrichment capabilities in the U.S.

Company Information

Company

Centrus Energy

Location

Bethesda, Maryland, United States

About

Centrus Energy is a trusted American supplier of nuclear fuel and services for the nuclear power industry, helping meet the growing need for clean, affordable, carbon-free energy. Since 1998, the Company has provided its utility customers with more than 1,850 reactor years of fuel, which is equivalent to more than 7 billion tons of coal. With world-class technical and engineering capabilities, Centrus is pioneering production of High-Assay, Low-Enriched Uranium and is leading the effort to restore America's uranium enrichment capabilities at scale so that we can meet our clean energy, energy security, and national security needs.

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