Centrus

The Department of Energy should prioritize U.S. companies as it awards billions of dollars worth of uranium enrichment subsidies over the next 10 years, the CEO of Centrus Energy said during a Capitol Hill briefing this week. “There is a strong case for investing in an American supply chain,” Amir Vexler, Centrus’ chief executive, said […]

Earnings more than doubled year-over-year at Centrus, Bethesda, Md., in the second quarter, during which the company’s flagship uranium brokerage business almost tripled, according to a press release.  The company’s quarterly earnings call was scheduled for Wednesday at 8:30 a.m. Eastern time. Centrus often has what it sometimes calls lumpy quarters, where uranium fuel orders […]

Earnings more than doubled year-over-year at Centrus, Bethesda, Md., in the second quarter, during which the company’s flagship uranium brokerage business almost tripled, according to a press release.  The company’s quarterly earnings call was scheduled for Wednesday at 8:30 a.m. Eastern time. Centrus often has what it sometimes calls lumpy quarters, where uranium fuel orders […]

Earnings more than doubled year-over-year at Centrus, Bethesda, Md., in the second quarter, during which the company’s flagship uranium brokerage business almost tripled, according to a press release.  The company’s quarterly earnings call was scheduled for Wednesday at 8:30 a.m. Eastern time. Centrus often has what it sometimes calls lumpy quarters, where uranium fuel orders […]

About two months after the U.S. made it illegal in most cases to import Russian uranium, Centrus Energy Corp., Bethesda, Md., got a waiver to continue imports from the Federation in 2024 and 2025. The waiver, granted by the Department of Energy on July 18, allows the company to continue imports of low-enriched uranium “for […]

About two months after the U.S. made it illegal in most cases to import Russian uranium, Centrus Energy Corp., Bethesda, Md., got a waiver to continue imports from the Federation in 2024 and 2025. The waiver, granted by the Department of Energy on July 18, allows the company to continue imports of low-enriched uranium “for […]

After reaching a new labor contract with Centrus Energy for dozens of employees involved in making enriched uranium at the Department of Energy’s Portsmouth Site in Ohio, a United Steelworkers union local is in negotiations with the landlord contractor for the complex. Although the new Centrus contract, reached in March, only involves 40 people for […]

After reaching a new labor contract with Centrus Energy for dozens of employees involved in making enriched uranium at the Department of Energy’s Portsmouth Site in Ohio, a United Steelworkers union local is in negotiations with the landlord contractor for the complex. Although the new Centrus contract, reached in March, only involves 40 people for […]

Centrus Energy Corp., Bethesda, Md., had a net loss in the first quarter, which the uranium broker and enrichment technology developer attributed to the timing of uranium fuel orders by its customers. The quarterly net loss was about $6 million, or $0.38 a share, down from net earnings of more than $7 million, or $0.47 […]

Since starting up a new enrichment cascade in the fall, Centrus has delivered 100 kilograms of energy-dense uranium fuel to the Department of Energy, the company wrote Friday in a regulatory filing. “Centrus has now achieved cumulative deliveries to the DOE of over 100 kilograms of [high assay low-enriched uranium] UF6,” the company wrote in an […]

Since starting up a new enrichment cascade in the fall, Centrus has delivered 100 kilograms of energy-dense uranium fuel to the Department of Energy, the company wrote Friday in a regulatory filing. “Centrus has now achieved cumulative deliveries to the DOE of over 100 kilograms of [high assay low-enriched uranium] UF6,” the company wrote in […]

Responses to the Department of Energy’s rapid-fire request for subject matter expertise in licensing Centrus Energy Corp.’s latest centrifuge technology were due Monday. The agency released the request for information on Wednesday. Responses were due Thursday, but DOE bumped the due-date past the weekend and on to Monday. The agency is looking for someone with […]

In a legal brief filed in federal court, Department of Energy contractors said a Pike County, Ohio man waited too long, 15 years after being diagnosed with cancer, and more than four years after a local school closed, to allege the contractors contaminated the area around the Portsmouth Site. Plaintiff Joshua Shaw blames contractors at […]

In a legal brief filed in federal court, Department of Energy contractors said a Pike County, Ohio man waited too long, 15 years after being diagnosed with cancer, and more than four years after a local school closed, to allege the contractors contaminated the area around the Portsmouth Site. Plaintiff Joshua Shaw blames contractors at […]

With the Department of Energy still unable to provide needed storage containers, Centrus Energy will not be able to deliver 900 kilograms of high-assay, low-enriched uranium to the U.S. government this year, the company said Friday. The company can make the material, Chief Executive Officer Amir Vexler said Friday on an earnings call with investors […]

Former and current Department of Energy contractors at the Portsmouth Site in Ohio have filed an unopposed motion in federal court seeking until Feb. 26 to answer a complaint by a local resident who blames his leukemia on radioactive contamination from the property. The motion, seeking three weeks beyond the original Feb. 5 deadline, was […]

The Daniel Poneman era ended Monday at Centrus Energy Corp., when the longtime chief executive, a former Department of Energy No. 2 who took over the company after its bankruptcy restructuring, turned the reins over to ex-Orano USA president Amir Vexler. Centrus announced the transition in November. Poneman joined Centrus in March 2015 and over […]

The Department of Energy’s National Nuclear Security Administration is taking comments between now and Jan. 17 on plans for a new 14-mile electric power transmission line serving the Los Alamos National Laboratory in New Mexico. A draft environmental assessment was published and public comment period commenced Dec. 19 on the Los Alamos National Laboratory Electrical […]

Neil Subin left Centrus Energy Corp.’s board of directors on New Year’s Eve, capping a roughly six-year stint on the board.  Centrus, Bethesda, Md., announced Subin’s departure in a press release ahead of the winter holidays. Subin, a wealth manager, remains a Centrus investor, the company said in the press release. He had been on […]

Centrus Energy on Monday announced Chief Executive Daniel Poneman will step down from leadership of the uranium broker and enrichment technology developer at the first of the year. He will be succeeded by Orano USA President and Chief Executive Amir Vexler on January 1. Poneman joined Centrus in March 2015 and over eight years returned […]

Centrus Energy on Monday announced that Chief Executive Daniel Poneman will step down from leadership of the uranium broker and enrichment technology developer at the first of the year.  He will be succeeded by Orano USA President and Chief Executive Amir Vexler on January 1.   Poneman joined Centrus in March 2015 and over eight […]

Centrus Energy on Monday announced that Chief Executive Daniel Poneman will step down from leadership of the uranium broker and enrichment technology developer at the first of the year.  He will be succeeded by Orano USA President and Chief Executive Amir Vexler on January 1.   Poneman joined Centrus in March 2015 and over eight […]

The Government Accountability Office expects to publish several major reports on Department of Energy nuclear remediation issues over the next several months, according to the congressional watchdog agency. Nathan Anderson, director of the Natural Resources & Environment unit for the Government Accountability Office (GAO), said between now and December a report on H Canyon at […]

Earnings were up year-over-year for Centrus Energy in the third quarter of 2023, when the uranium broker and enrichment technology developer was working on its first batch of high-assay low-enriched uranium for the U.S. government.  The Bethesda, Md., company reported total revenue of $51.3 million and $33.2 million for the three months ended September 30, […]

The Department of Energy’s $8-billion-plus nuclear cleanup branch is getting positive results from its early forays into artificial intelligence and machine learning, Jeff Avery, the No. 2 at DOE’s Office of Environmental Management, told a National Academies panel Tuesday. New technology is playing a growing role at DOE’s Office of Environmental Management, Avery,  principal deputy […]

Earnings were up year-over-year for Centrus Energy in the third quarter of 2023, when the uranium broker and enrichment technology developer was working on its first batch of high-assay low-enriched uranium for the U.S. government.  The Bethesda, Md., company reported total revenue of $51.3 million and $33.2 million for the three months ended September 30, […]

Centrus Energy said it made its first delivery of high-assay low-enriched uranium to the U.S. Department of Energy, fulfilling its initial obligation under a contract to make the material for a new generation of  nuclear reactors.  The company made it under the wire of the first phase of its current contract, which covered a two-year […]

Centrus Energy Corp. started enriching energy dense uranium fuel using a new centrifuge cascade at the Department of Energy’s Portsmouth Site near Piketon, Ohio, the company said Wednesday. Centrus, Bethesda, Md., marked the milestone with a tour of the event that included Deputy Secretary of Energy David Turk. The company thinks it will begin retrieving […]

Centrus Energy Corp. started enriching energy dense uranium fuel using a new centrifuge cascade at the Department of Energy’s Portsmouth Site near Piketon, Ohio, the company said Wednesday. Centrus, Bethesda, Md., marked the milestone with a tour of the event that included Deputy Secretary of Energy David Turk. The company thinks it will begin retrieving […]

No major safety or operational issues were found during a recent Nuclear Regulatory Commission inspection of the American Centrifuge Plant in Piketon, Ohio, clearing the way for the facility to produce high-assay, low-enriched uranium fuel. Nuclear Regulatory Commission (NRC) officials completed an inspection of the American Centrifuge Plant on Aug. 16. In a Sept. 7 […]