Overview
- American Centrifuge Operating (Centrus), General Matter, and Orano Federal Services were each selected for $900 million to scale enrichment capacity.
- The funding will be released over 10 years through task orders tied to strict performance milestones rather than up-front grants.
- Centrus and General Matter are tasked with building domestic HALEU supply for advanced reactors, while Orano will expand LEU production for the current fleet.
- Global Laser Enrichment received an additional $28 million to advance next-generation enrichment technology.
- The initiative targets a shift from Russian fuel ahead of a 2028 cutoff and reflects rising power demand from data centers, with Orano accelerating a $5 billion Oak Ridge facility and General Matter developing a site at DOE-leased Paducah acreage.