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Centrus Unveils Multibillion-Dollar Expansion of Ohio Uranium Plant to Boost U.S. Fuel Supply

The Piketon plan hinges on Department of Energy funding decisions, which will determine the project’s scale.

Overview

  • The project would add about 1,000 construction jobs, 300 new operations roles, and retain 127 positions in Pike County.
  • Production targets include low-enriched uranium and high-assay low-enriched uranium for current fleets and advanced reactors at the only U.S.-licensed site to enrich up to 19.75%.
  • Centrus reports raising more than $1.2 billion through convertible notes and securing over $2 billion in contingent purchase commitments from utilities.
  • State and federal officials cite national-security benefits as the company assembles a domestic supply chain centered in Ohio and Tennessee.
  • Local advocates oppose the plan, pointing to long-documented contamination at the former Portsmouth Gaseous Diffusion Plant and reporting elevated cancer rates in the county.