Centrus Energy secures $900 million DOE contract to transition HALEU cascade to commercial operation
Type: Financing · Technology: Nuclear · Country: United States · Value: $900M · Announced: 2026-07-02
Centrus Energy finalized a $900 million task order with the U.S. Department of Energy (DOE) to transition its high-assay low-enriched uranium (HALEU) cascade in Piketon, Ohio, from a government-funded demonstration to private commercial operation. The Bethesda, Maryland-headquartered firm announced the agreement on July 2, 2026, marking a critical pivot for the sole U.S.-based HALEU production facility. The DOE funding will enable Centrus to scale operations at its Piketon facility, which is designed to produce HALEU—a specialized nuclear fuel essential for next-generation advanced reactors. This transition positions Centrus as the first commercial-scale HALEU supplier in the U.S., addressing a strategic gap in the domestic nuclear fuel supply chain. The contract underscores the DOE's commitment to revitalizing the U.S. nuclear fuel industry amid global competition for advanced reactor technologies.
Counterparties
- U.S. Department of Energy (DOE) (Lender)
- Centrus Energy (Developer)