Centrus

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 […]

In what would be a major milestone for a technology eyed as a possible cornerstone for nuclear-weapon sustainment in the latter half of this century, Centrus Energy Corp., Bethesda, Md., said this week it will begin enriching energy-dense uranium fuel in October. Centrus is in the prove-it phase of a Department of Energy contract, awarded […]

Centrus Energy Corp., Bethesda, Md., said Wednesday it will begin enriching energy-dense uranium fuel at the Department of Energy’s Portsmouth Site near Piketon, Ohio, in October. Centrus is in the prove-it phase of a contract, awarded in 2022 and worth up to $1 billion over 10 years, to operate a cascade of 16 AC100M centrifuges the […]

Centrus Energy Corp., Bethesda, Md., said Wednesday it will begin enriching energy-dense uranium fuel at the Department of Energy’s Portsmouth Site near Piketon, Ohio, in October. Centrus is in the prove-it phase of a contract, awarded in 2022 and worth up to $1 billion over 10 years, to operate a cascade of 16 AC100M centrifuges […]

The Nuclear Regulatory Commission planned to host a public informational meeting about the agency’s oversight of high-assay, low-enriched uranium for use in nuclear reactors.  Centrus Corp., Bethesda, Md., is the only company in the U.S. with a license from the Nuclear Regulatory Commission (NRC) to produce HALEU. In early February, the company completed construction and […]

After almost four years on the job, Philip Strawbridge on Aug. 4 announced he would retire as Centrus Energy Corp.’s chief financial officer by the end of the month. Strawbridge, who was 64 when he took the job, has served as a senior vice president, chief financial officer, chief administrative officer and treasurer of Centrus since […]

After almost four years on the job, Philip Strawbridge on Aug. 4 announced he would retire as Centrus Energy Corp.’s chief financial officer by the end of the month. Strawbridge, who was 64 when he took the job, has served as a senior vice president, chief financial officer, chief administrative officer and treasurer of Centrus since […]

After almost four years on the job, Philip Strawbridge on Aug. 4 announced he would retire as Centrus Energy Corp.’s chief financial officer by the end of the month.  Strawbridge, who was 64 when he took the job, has served as a senior vice president, chief financial officer, chief administrative officer and treasurer of Centrus […]

Earnings were down year-over-year for Centrus Energy in the second quarter of 2023, despite the uranium broker and enrichment-technology developer receiving the go-ahead from the Nuclear Regulatory Commission to produce High-Assay Low-Enriched Uranium this year.  The Bethesda, Md., company reported $12.7 million in net income, or $0.84 a share, in the second quarter on $98.4 […]

Editor’s note: This story replaces the story “NNSA considers new domestic uranium enrichment technology near Oak Ridge” [Nuclear Security & Deterrence Monitor Vol. 27 No. 29], which contained several errors. The National Nuclear Security Administration wants to establish a pilot program for enriching weapons-grade uranium on American soil by 2030. It’s a sort of back-to-square-one […]

The Nuclear Regulatory Commission has given the go-ahead for Centrus to demonstrate production of high assay low-enriched uranium at the Department of Energy’s Portsmouth Site near Piketon, Ohio. Nuclear Regulatory Commission (NRC) Regional Administrator Laura Dudes on June 12 wrote Mathew Snider, general manager of American Centrifuge Operating, to officially authorize the introduction of uranium […]

The Nuclear Regulatory Commission has given the go-ahead for Centrus to demonstrate production of high assay low-enriched uranium at the Department of Energy’s Portsmouth Site near Piketon, Ohio. Nuclear Regulatory Commission (NRC) Regional Administrator Laura Dudes on June 12 wrote Mathew Snider, general manager of American Centrifuge Operating, to officially authorize the introduction of uranium […]

House and Senate panels this week approved bans on importing Russian uranium, with Senators calling for a quicker end to the practice than their House colleagues. It was uncertain this week what prospects the differing bills had for reconciliation, or whether President Joe Biden (D), whose secretary of energy has cautioned that the U.S. cannot […]

The National Nuclear Security Administration plans to have BWX Technologies process nearly twice as much high-assay low-enriched uranium as recently planned after more than a metric ton of the material was found at the Y-12 National Security Complex in Tennessee.  A notice of intent filed May 3 on the government’s contracting website outlines NNSA plans […]

Earnings rose for Centrus Energy in the first quarter of 2023, during which the uranium broker and enrichment-technology developer finished building its 16-machine high-assay low-enriched uranium enrichment cascade. The company reported $7.2 million in net income, or $0.49 a share, in the first quarter on $66.9 million in revenue, compared with a net loss of […]

Earnings rose for Centrus Energy in the first quarter of 2023, during which the uranium broker and enrichment-technology developer finished building its 16-machine high-assay low-enriched uranium enrichment cascade. The company reported $7.2 million in net income, or $0.49 a share, in the first quarter on $66.9 million in revenue, compared with a net loss of […]

Centrus plans to introduce uranium hexafluoride into its new high assay, low enriched uranium cascade in Ohio around May 22, according to a letter to the Nuclear Regulatory Commission from the company.  The commission published the letter online Tuesday. The missive was dated March 23 and was signed by Mathew Snider, enrichment operations plant manager […]

Centrus plans to introduce uranium hexafluoride into its new high assay, low enriched uranium cascade in Ohio around May 22, according to a letter to the Nuclear Regulatory Commission from the company.  The commission published the letter online Tuesday. The missive was dated March 23 and was signed by Mathew Snider, enrichment operations plant manager […]

A group of current and former Department of Energy contractors at the Portsmouth Site in Ohio are again targets of a federal lawsuit, this one filed by a plaintiff suffering from cancer who attended a now-shuttered middle school near the former gaseous diffusion plant. Christian Rose, diagnosed in June with Burkitt Lymphoma, a cancer of […]

Uranium broker and enrichment-technology developer Centrus Energy Corp., Bethesda, Md., took a hit on the bottom line for 2022, though its core operations reported good health and revenue was nearly level year-over-year. Centrus’ net income fell 70% to about $52 million for 2022, according to the company’s Wednesday 10-K filing with the Securities & Exchange […]

Uranium broker and enrichment-technology developer Centrus Energy Corp., Bethesda, Md., took a hit on the bottom line for 2022, though its core operations reported good health and revenue was nearly level year-over-year. Centrus’ net income fell 70% to about $52 million for 2022, according to the company’s Wednesday 10-K filing with the Securities & Exchange […]

Uranium broker and enrichment-technology developer Centrus Energy Corp., Bethesda, Md., took a hit on the bottom line for 2022, though its core operations reported good health and revenue was nearly level year-over-year. Centrus’ net income fell 70% to about $52 million for 2022, according to the company’s Wednesday 10-K filing with the Securities & Exchange […]

The Department of Energy awarded a subsidiary of Centrus Energy Corp., Bethesda, Md., a potentially 10-year, $1-billion contract to operate a new uranium enrichment cascade the company built at the agency’s Portsmouth site near Piketon, Ohio. The competition was notionally open to all U.S.-controlled companies, but with two of the biggest uranium enrichment companies in […]

The Department of Energy awarded a subsidiary of Centrus Energy Corp., Bethesda, Md., a potentially 10-year contract to operate the company’s own uranium enrichment centrifuge at the Portsmouth site near Piketon, Ohio. DOE did not disclose the total value of the HALEU Demonstration Cascade Completion and HALEU Production contract in its award announcement on Thursday. […]

The Department of Energy could award a contract to operate a small, Centrus Energy-built uranium enrichment cascade at the agency’s Portsmouth site in Ohio this month, the company’s CEO said Wednesday on a quarterly earnings call. “The Department has indicated in a recent industry briefing that a decision could come as early as this month,” […]

The Department of Energy could award a contract to operate a small, Centrus Energy-built uranium enrichment cascade at the agency’s Portsmouth site in Ohio this month, the company’s CEO said Wednesday on a quarterly earnings call. “The Department has indicated in a recent industry briefing that a decision could come as early as this month,” […]

The Department of Energy in December plans to start a competition for a long-term contract to purchase energy-dense uranium fuel, with an eye toward awarding a deal in July, the agency told prospective bidders last week. In slides briefed during an Oct. 13 industry day and published online subsequently, DOE’s Office of Nuclear Energy said […]

The Department of Energy’s Office of Nuclear Energy is considering the purchase of up to 25 metric tons annually of high-assay low enriched uranium, the office said Thursday in a request that solicited both information about and sources of the material. The office envisions at least a six-year contract for the material, to begin “as […]

Bids were due Monday on a DOE contract to produce energy-dense uranium fuel using a cascade that Centrus Energy Corp. has nearly finished building at the agency’s Portsmouth Site near Piketon, Ohio. The potentially 10-year contract, officially opened to all bidders in June, calls for production of a much larger volume of high assay, low-enriched […]

Bids were due Monday on a DOE contract to produce energy-dense uranium fuel using a cascade that Centrus Energy Corp. has nearly finished building at the agency’s Portsmouth Site near Piketon, Ohio. The potentially 10-year contract, officially opened to all bidders in June, calls for production of a much larger volume of high assay, low-enriched […]