Overview:Centrus is a trusted supplier of enriched uranium fuel for a growing fleet of international and domestic commercial nuclear power plants. Centrus is working to deploy the American Centrifuge technology for commercial needs and to support U.S. energy and national security. As an investor-owned company, Centrus continues a 50-year tradition of reliability: all customer shipments have been made on time and within specification.
Between 1995 and 2013, Centrus purchased about one-half of its low enriched uranium supply under a contract with Russia through the Megatons to Megawatts program, a commercially funded nuclear nonproliferation initiative of the U.S. and Russian governments. This unique program recycled 500 metric tons of weapons-grade uranium taken from dismantled Russian nuclear warheads (the equivalent of 20,000 warheads) into low enriched uranium used by Centrus’ customers to generate electricity. Centrus’ supply of low enriched uranium from the program have been replaced by purchases under a 10-year commercial agreement with Russia for commercially produced low enriched uranium. This contract runs through 2022.
Centrus continues to take steps to demonstrate and remain positioned to commercially deploy the American Centrifuge technology as a long-term source of domestic enrichment production to support the long-term viability of the company's business. The American Centrifuge is a disciplined evolution of classified U.S. centrifuge technology originally developed by the DOE. Centrus has improved the technology through advanced materials, updated electronics and design enhancements based on highly advanced computer modeling capabilities. Centrus operates demonstration facilities in Piketon, OH and test facilities in Oak Ridge, TN, under contract with UT-Battelle as operator of DOE’s Oak Ridge National Laboratory. Maintaining a U.S. enrichment capability is critical to meeting future national security, energy security and nonproliferation objectives.