Centrus Energy Corp (LEU) News & EventsLEUNews & EventsCentrus Energy Corp

X-energy and Centrus Sign Agreement for Uranium Enrichment Services

X-energy (XE) and Centrus Energy (LEU) announced a definitive agreement for Centrus to provide X-energy with enrichment services for low-enriched uranium and high-assay low-enriched uranium, or HALEU. At full execution, the agreement meaningfully de-risks X-energy's Xe-100 project pipeline and would secure HALEU to support a portion of the initial fuel needs of X-energy's 11.5 GW commercial pipeline. HALEU enriched by Centrus at the American Centrifuge Plant in Piketon, Ohio will be supplied to X-energy's fuel subsidiary Triso-X for the fabrication of Triso-X coated particle fuel at its fuel fabrication campus in Oak Ridge, Tennessee. The agreement establishes terms for commitments operating under a phased approach to scale HALEU production in alignment with the advancement of X-energy's commercial pipeline.

Centrus Energy Signs Uranium Enrichment Contract with X-energy

Centrus Energy announced a signed definitive contract for Centrus to provide X-energy with enrichment services for Low-Enriched Uranium and High-Assay, Low-Enriched Uranium with quantities that are expected to support X-energy's initial Xe-100 small modular reactors and TRISO-X fuel deployments. Under the contract, X-energy will provide prepayments to Centrus to support its domestic commercial enrichment capacity program. In support of the supply commitments under the contract, Centrus will produce LEU and HALEU from its American Centrifuge Plant in Pike County, Ohio. This agreement builds on Centrus' existing $3B contingent LEU and HALEU backlog, of which $2.4B is definitized. The contract is another important step in strengthening the U.S. nuclear fuel supply chain required to support the growing demand for LEU and HALEU. Including prepayments in HALEU offtake agreements continues Centrus' strategy of obtaining de-risked funding to strengthen its capital stack that includes the recent signing of its $900M HALEU enrichment award with the Department of Energy. The company's build out of domestic commercial LEU and HALEU enrichment capacity is targeting the constrained global enriched uranium market. Centrus' build out is creating meaningful American jobs across the United States.

Centrus Plans to Hire 275 New Employees in 2026

For the full year 2026, on a consolidated basis, Centrus expects to: Finalize contracts with all partners identified as critical to its industrial build out; Hire at least 100 net new employees for its Oak Ridge, Tennessee, facility; Hire at least 175 net new employees for its Piketon, Ohio, facility up from 100 net new employee hires; Release a Certified for Construction package; Complete its first centrifuge in Oak Ridge, Tennessee.