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Centrus and KHNP Enter Contingent Supply Commitment for American Uranium Enrichment

Sep 11, 2024•almost 2 years ago

Contract Type

partnership

BethesdaOtherEnergySustainabilityOil And GasNatural ResourcesScience And EngineeringRenewable Energy

Description

Centrus Energy Corp. and Korea Hydro & Nuclear Power (KHNP) have entered into a contingent supply commitment to support the construction of new uranium enrichment capacity at Centrus' American Centrifuge Plant in Piketon, Ohio. The purchase commitment from KHNP covers a decade of deliveries of Low-Enriched Uranium (LEU) to help fuel Korea's large fleet of reactors. This commitment aims to re-establish a large-scale, U.S.-owned uranium enrichment capability and bring greater stability, supply diversity, and price competition to the global nuclear fuel market.

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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