Centrus Energy, through its subsidiary American Centrifuge Operating, entered into a fixed-price contract with the United States Department of Energy to establish new domestic HALEU enrichment capacity at its Piketon, Ohio facility. The $900 million contract, paid via performance milestones, includes delivery of 1 MTU of HALEU UF6 by March 2032. The Department also holds two options for up to five MTU each over separate 12-month periods at $17 million per MTU. Upon completion, Centrus will obtain title to the deployed enrichment capacity.
Agreement details:
- Agreement type: Fixed-price contract for HALEU enrichment capacity and supply
- Counterparty: United States Department of Energy
- Signed / Effective: Jun 30 2026 / same
- Duration / Termination: Through Mar 2032, with additional 12-month option periods
- Reason: Establish domestic HALEU enrichment and supply for advanced reactors
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.