Fluor awarded contract for uranium enrichment facility expansion

Fluor's contract to expand the low-enriched uranium (LEU) and high-assay low-enriched uranium (HALEU) enrichment facility in Piketon, Ohio, signifies a crucial step in bolstering domestic uranium enrichment capabilities within the United States. The multi-year contract with American Centrifuge Operating, LLC (ACO), a subsidiary of Centrus Energy Corp., supports a multi-billion dollar investment initiative involving both public and private funding. This expansion aims to install thousands of new centrifuges at the American Centrifuge Plant, indicating a substantial increase in production capacity for both LEU and HALEU. This deal is notable due to the involvement of key players in the nuclear fuel supply chain, including Centrus Energy, a major supplier of enriched uranium, and Fluor, a well-established EPC contractor. The project's focus on HALEU is particularly significant, as it is a critical fuel source for advanced reactor designs currently under development. While the contract value remains undisclosed, the multi-billion dollar investment initiative suggests a project of considerable scale, potentially impacting the future supply and pricing dynamics of enriched uranium in the US market.