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U.S. Department of Energy Awards $3.4B Uranium Contracts to Six Companies, Three with Ties to Oak Ridge

Dec 12, 2024•over 1 year ago

Contract Type

contract

BethesdaOtherEnergySustainabilityOil And GasNatural ResourcesScience And EngineeringRenewable Energy

Description

The U.S. Department of Energy has selected six companies, including American Centrifuge Operating, Orano Federal Services, and other firms, to produce low-enriched uranium for commercial nuclear power reactors. The contracts are valued at a ceiling of $3.4 billion over the next 10 years, with a minimum of $2 million for each selected company.

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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