Centrus Energy is a leading player in the nuclear energy sector, specializing in the supply of nuclear fuel and services for the nuclear power industry. They're known for their reliability and diversity of supply sources, which helps utility customers meet the growing need for clean, affordable, and carbon-free electricity.
Key Areas of Focus:
- Nuclear Fuel: Centrus provides enriched uranium fuel to commercial nuclear reactors, with a nearly 60-year record of assured, affordable, and on-time deliveries.
- High-Assay Low-Enriched Uranium (HALEU): They're pioneering the production of HALEU, a next-generation nuclear fuel needed for many advanced reactor designs.
- Advanced Manufacturing and Engineering: Centrus offers advanced manufacturing and engineering capabilities, including the development of complex engineered products.
- National Security: They work with the U.S. Department of Energy to develop and demonstrate uranium enrichment technology for national security purposes.
Recent Developments:
- Centrus was awarded a contract by the U.S. Department of Energy to expand domestic commercial production of HALEU.
- They reported third-quarter 2024 results, showcasing revenue growth and a strong backlog.
Overall, Centrus Energy plays a critical role in supporting the nuclear energy sector, with a focus on innovation, reliability, and national security.
About LEU
Centrus Energy Corp. is a supplier of nuclear fuel components and services for the nuclear power industry. Its segments include Low-Enriched Uranium (LEU) and Technical Solutions. Its LEU segment supplies various components of nuclear fuel to commercial customers from its global network of suppliers. The LEU segment consists of two components: SWU and natural uranium hexafluoride. It supplies LEU and its components to both domestic and international utilities for use in nuclear reactors worldwide. It provides LEU from multiple sources, including its inventory, medium- and long-term supply contracts, and spot purchases. It also sells natural uranium hexafluoride and occasionally sells uranium concentrates. Technical Solutions segment provides advanced engineering, design, and manufacturing services to government and private sector customers. It is deploying uranium enrichment and other capabilities necessary to produce advanced nuclear fuel to power existing reactors around the world.
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