Centrus signs $900 million DOE contract for commercial HALEU enrichment capacity
Centrus Energy's subsidiary American Centrifuge Operating signed a $900 million fixed-price contract with the U.S. Department of Energy on June 30, 2026, to deploy HALEU enrichment capacity at its Piketon, Ohio facility. The contract replaces a demonstration contract as the company moves toward commercial production, and the press release says the total value with options is $1.07 billion.
- Firm fixed price of $900 million, paid as performance-based milestone payments, with one metric ton of HALEU UF6 to be delivered by March 2032
- Two options at the Department's discretion, each for five metric tons at $17 million per metric ton ($85 million per five metric tons), for a total of $170 million in options
- Demonstration contract extended three months with a $15 million HALEU storage extension; first new capacity expected to come online by 2029