Following up from the announcement earlier this year when the Department of Energy (DOE) chose multiple companies to receive grant money for restoring domestic uranium enrichment capacity, Centrus Energy has now finalized a contract valued over $1 billion (including options).
"Centrus is competing for funding from the U.S. Department of Energy to expand U.S. enrichment capacity."
— zerohedge (@zerohedge) August 25, 2025
Competing with whom?
How much you need? $5BN? $10BN? $20BN? Done https://t.co/i1t7vf3bdl
Centrus will transition the existing cascade at their Ohio plant from a government-supply production line to commercial operations.
The centrifuges in the current cascade can produce about 900 kg of high-assay low enriched uranium (HALEU) per year. The company has produced about 1,900 kg for the DOE since initial production began in 2023.
The transition to full scale commercial operations has been dragged out through multiple phases over the past decade:
2019 DOE demonstration contract
