Centrus Energy Corp. supplies enriched uranium fuel to commercial nuclear reactors, with over 50 years of operational history in the sector. Headquartered in Bethesda, Maryland, the company operates uranium enrichment facilities in Oak Ridge, Tennessee and Piketon, Ohio. Its core technical competency centers on gas centrifuge technology for uranium enrichment, producing both Low-Enriched Uranium (LEU) for existing reactors and High-Assay Low-Enriched Uranium (HALEU) for advanced reactor designs.
The company began HALEU production in late 2023 at its Oak Ridge facility - marking the first U.S.-owned, U.S. technology enrichment plant to produce HALEU since 1954 and the first U.S. facility licensed for HALEU production. This positions Centrus in the domestic nuclear fuel supply chain as demand for advanced reactor fuel grows. A planned expansion at Oak Ridge targets nearly 430 new jobs and over $560 million in investment, signaling continued scaling of manufacturing and engineering operations.
Centrus operates in a sector where supply chain resilience, regulatory compliance, and export controls intersect with infrastructure development. The company's work touches national security considerations around uranium enrichment capability, fuel supply continuity for utilities worldwide, and the technical foundation required for next-generation nuclear reactor deployment in the United States.