Overview

• Centrus announced a plan to expand the American Centrifuge Plant in Piketon, described as the nation’s only HALEU-producing site, to increase output of LEU and HALEU.
• The project could add about 1,000 construction jobs and 300 permanent roles in Pike County, with 127 existing jobs retained in a county with elevated unemployment.
• Centrus said the scope and timing depend on competitive U.S. Department of Energy funding decisions and other financing, framing the effort as a potential multi‑billion‑dollar public‑private investment.
• Centrifuges will be built in Oak Ridge, Tennessee, using a domestic supply chain of 14 major suppliers across 13 states, then shipped to Ohio for final assembly and operation.
• The company has raised $1.2 billion through convertible notes, secured over $2 billion in contingent purchase commitments from utilities, and announced collaboration with Korea Hydro & Nuclear Power and POSCO International.