Centrus Energy Expands US Uranium Enrichment
Analysis based on 11 articles · First reported Feb 11, 2026 · Last updated Feb 17, 2026
The market is positively impacted by the expansion of domestic uranium enrichment capacity, reducing reliance on foreign imports and enhancing energy security. This development is particularly beneficial for Centrus Energy and Fluor Corporation, as they secure significant contracts and strengthen their positions in the nuclear energy sector.
Centrus Energy, through its subsidiary Centrus Energy===American Centrifuge Operating, has initiated a major expansion of its uranium enrichment capacity in Piketon, Ohio, and Oak Ridge, Tennessee. Fluor Corporation has been contracted as the Engineering, Procurement and Construction (EPC) partner for the Ohio project. This expansion aims to produce Low-Enriched Uranium (LEU) and High-Assay, Low-Enriched Uranium (HALEU) to meet growing demand and address a substantial commercial backlog. The United States===United States Department of Energy has awarded Centrus Energy a $900 million task order, part of a broader $2.7 billion federal initiative to rebuild the domestic nuclear fuel supply chain and reduce reliance on Russian uranium imports. Centrus Energy is investing over $560 million in its Tennessee factory for high-rate centrifuge manufacturing, with these centrifuges being installed at the Piketon facility. This strategic move is crucial for the United States' energy independence and the future of advanced nuclear reactors.
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