Centrus receives $900 million HALEU production award from DOE

By Global Infrastructure Sherpa · Jan 5, 2026

Financing Nuclear announced Piketon, USA Jan 5, 2026

USD900M

Deal Value

12 MW

Capacity

development

Stage

American Centrifuge Operating, LLC, a subsidiary of Centrus, was selected for award of a $900.0 million task order, subject to negotiations, to expand its uranium enrichment facility in Piketon, Ohio, to include commercial-scale production of HALEU.

Deal Analysis

Centrus Energy Corp., through its subsidiary American Centrifuge Operating, LLC, has been selected for a $900 million award from the U.S. Department of Energy (DOE) to expand its uranium enrichment facility in Piketon, Ohio, for commercial-scale production of High-Assay Low-Enriched Uranium (HALEU). This financing agreement aims to bolster domestic HALEU production capabilities, a critical component for advanced nuclear reactor designs. The project will be executed by American Centrifuge Operating, leveraging Centrus Energy's expertise in uranium enrichment. This deal is notable due to its substantial size and the involvement of key players in the nuclear fuel supply chain. The DOE's funding underscores the strategic importance of HALEU for the future of nuclear energy in the United States. Successful execution of this project will reduce reliance on foreign sources for this specialized nuclear fuel and support the deployment of next-generation nuclear reactors.

Award of $900 million from the DOE to Centrus Energy.
Expansion of uranium enrichment facility in Piketon, Ohio.
Focus on commercial-scale production of HALEU.
Involvement of the U.S. Department of Energy as funder.

Market Context: The nuclear sector is undergoing a period of innovation, with advanced reactor designs requiring specialized fuels like HALEU. This deal reflects the growing demand for HALEU and the strategic importance of securing domestic supply chains for nuclear fuel.

Source Intelligence

KEY DETAILS

Centrus plans for large-scale production of both LEU and HALEU to meet commercial and government requirements. Centrus initiated design work on a 150,000 square foot training, operations & maintenance facility in Piketon, Ohio. Centrus began domestic centrifuge manufacturing to support commercial LEU enrichment activities at the Piketon, Ohio, facility. The Company's total backlog is $3.8 billion as of December 31, 2025 and extends to 2040. Total revenue to be in the range of $425 million to $475 million Total capital deployment to be in the range of $350 million to $500 million

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Deal Size

Selected by the U.S. Department of Energy ("DOE") for a $900.0 million HALEU production award, subject to negotiation

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Capacity

Centrus plans to leverage its multi-billion-dollar uranium enrichment expansion to meet its growing backlog of $2.3 billion in contingent LEU sales to U.S. and international customer contracts, and is targeting 12 metric tons of HALEU production per year sometime after 2030, with at least some HALEU production by the end of the decade.

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Location

to expand its uranium enrichment facility in Piketon, Ohio, to include commercial-scale production of HALEU.

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Announcement

On January 5, 2026, DOE announced that American Centrifuge Operating, LLC, a subsidiary of Centrus, was selected for award of a $900.0 million task order, subject to negotiations, to expand its uranium enrichment facility in Piketon, Ohio, to include commercial-scale production of HALEU.

PARTIES MENTIONED IN SOURCE

American Centrifuge Operating, LLC developer

"On January 5, 2026, DOE announced that American Centrifuge Operating, LLC, a subsidiary of Centrus, was selected for award of a $900.0 million task order, subject to negotiations, to expand its uranium enrichment facility in Piketon, Ohio, to include commercial-scale production of HALEU."

Centrus developer

"Centrus plans to leverage its multi-billion-dollar uranium enrichment expansion to meet its growing backlog of $2.3 billion in contingent LEU sales to U.S. and international customer contracts, and is targeting 12 metric tons of HALEU production per year sometime after 2030, with at least some HALEU production by the end of the decade."

U.S. Department of Energy investor

"Selected by the U.S. Department of Energy ("DOE") for a $900.0 million HALEU production award, subject to negotiation"

National Nuclear Security Administration null

"Notified by National Nuclear Security Administration ("NNSA") of its intent to sole source certain uranium enrichment activities from Centrus"

high quality Enriched Feb 19, 2026