Producer
Centrus Energy
US nuclear fuel supplier and the company deploying the only American-designed uranium enrichment technology (American Centrifuge). Centrus operates a small demonstration cascade of AC100M centrifuges at Piketon, OH (the American Centrifuge Plant, ACP), licensed by NRC in 2021 — the first new US enrichment license in decades. Revenue ~$340M (2024). Also purchases and resells SWU (separative work units) from Urenco, Orano, and historically TENEX. Centrus is the primary vehicle for potential US enrichment scale-up.
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Inputs supplied
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Goods downstream
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Facilities
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Stories
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2 inputs Centrus Energy supplies
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SWU Supply & Trading
85%American Centrifuge Technology (HALEU)
10%Technical Services
5%
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Origin2023
Centrus Energy is the direct successor to the US government's Manhattan Project-era uranium enrichment industrial base. The US built massive gaseous diffusion enrichment plants at Oak Ridge TN (1945), Paducah KY (1952), and Portsmouth OH (1954) to enrich uranium for nuclear weapons and, later, commercial reactors. These plants made the US the world's largest uranium enricher for decades. When European centrifuge technology (Urenco, with German-Dutch-British origins) proved dramatically more energy-efficient than gaseous diffusion in the 1980s-90s, the US enrichment facilities became uncompetitive. The Department of Energy privatized the enrichment operations as USEC in 1998; USEC failed commercially and filed bankruptcy in 2014; the emerged company renamed itself Centrus. Today Centrus is attempting to restart US domestic enrichment capability through its American Centrifuge Plant in Piketon Ohio, a DOE-funded demonstration project. The US, which once controlled the world's largest enrichment capacity, now depends 100% on European (Urenco) and French (Orano) centrifuge enrichment for its commercial nuclear fuel, with Centrus as the sole vehicle for potential re-domestication.
Centrus Energy Corp. ↗Did you know2024
Centrus Energy is deploying the AC100M centrifuge — the only American-designed enrichment technology — at Piketon, OH. The plant is NRC-licensed but runs only 16 centrifuges in demonstration mode. DOE contracted Centrus in 2023 to produce HALEU (High-Assay Low-Enriched Uranium, 5–20% enrichment) for next-generation advanced reactors. HALEU is currently only available from Russia (TENEX). Without Centrus or an alternative, the entire advanced nuclear reactor buildout depends on Russian supply.
Centrus Energy Corp. ↗