Centrus Details Plans to Add At Least 300 New Jobs in Southern Ohio With Multi-Billion-Dollar Investment
Centrus Energy (NYSE American: LEU) has announced a major expansion of its uranium enrichment facility in Piketon, Ohio. The multi-billion-dollar investment is expected to create 1,000 construction jobs and 300 new operations jobs while retaining 127 existing positions.
The company has raised over $1.2 billion through convertible note transactions and secured more than $2 billion in contingent purchase commitments from utility customers. Centrus has submitted proposals to the U.S. Department of Energy for funding to expand domestic production of Low-Enriched Uranium (LEU) and High-Assay, Low-Enriched Uranium (HALEU).
As the only active enricher using American technology, Centrus manufactures centrifuges exclusively in the United States, with a supply chain spanning 14 major suppliers across 13 states. The company has partnered with Korea Hydro & Nuclear Power and POSCO International for potential investment in the project.
Centrus Energy (NYSE American: LEU) ha annunciato una pesante espansione del suo impianto di arricchimento dell'uranio a Piketon, nell'Ohio. L'investimento multimiliardario dovrebbe creare 1.000 posti di lavoro durante la fase di costruzione e 300 nuove posizioni operative mantenendo 127 posizioni esistenti.
L'azienda ha raccolto oltre 1,2 miliardo di dollari tramite obbligazioni convertibili e assicurato più di 2 miliardi di dollari in impegni di acquisto contingenti da parte di clienti utility. Centrus ha presentato proposte al Dipartimento dell'Energia degli Stati Uniti per finanziamenti volti ad espandere la produzione interna di Uranio Enriquecito a Bassa Enatura (LEU) e di HALEU (HALEU).
Essendo l'unico arricchirore attivo che utilizza tecnologia americana, Centrus fabbrica centrifughe esclusivamente negli Stati Uniti, con una catena di fornitura che comprende 14 fornitori principali in 13 stati. L'azienda ha collaborato con Korea Hydro & Nuclear Power e POSCO International per un potenziale investimento nel progetto.
Centrus Energy (NYSE American: LEU) ha anunciado una importante expansión de su instalación de enriquecimiento de uranio en Piketon, Ohio. La inversión multimillonaria se espera que genere 1.000 empleos durante la construcción y 300 nuevos puestos operativos mientras conserva 127 posiciones existentes.
La empresa ha recaudado más de 1,2 mil millones de dólares mediante transacciones de notas convertibles y asegurado más de 2 mil millones de dólares en compromisos de compra contingentes por parte de clientes de servicios públicos. Centrus ha presentado propuestas al Department of Energy de EE. UU. para obtener financiamiento para ampliar la producción interna de Uranio Enriquecido de Baja Enriquecimiento (LEU) y HALEU (uranio enriquecido de alta carga y baja enriquecimiento).
Siendo el único enriquecedor activo que utiliza tecnología estadounidense, Centrus fabrica centrifugadoras exclusivamente en Estados Unidos, con una cadena de suministro que abarca 14 proveedores principales en 13 estados. La empresa se ha asociado con Korea Hydro & Nuclear Power y POSCO International para un posible inversión en el proyecto.
Centrus Energy (NYSE American: LEU)가 오하이오주 피켓톤에 위치한 우라늄 농축 시설의 대규모 확장을 발표했습니다. 수십억 달러 규모의 투자로 예측되며 건설 기간에 1,000개의 일자리와 운영 분야에서 300개의 신규 일자리가 창출되고 기존 127개 일자리가 유지됩니다.
이 회사는 전환사채 거래를 통해 12억 달러 이상를 조달했고, 유틸리티 고객들의 조건부 구매 약정으로 20억 달러 이상의 보장을 확보했습니다. Centrus는 LEU 및 HALEU의 국내 생산 확대를 위한 자금 조달을 미국 에너지부에 제안했습니다.
미국 기술을 사용하는 유일한 활발한 농축 업체인 Centrus는 미국 내에서만 원심분리기를 제조하며, 13개 주에 걸친 14개의 주요 공급업체로 구성된 공급망을 보유하고 있습니다. 또한 이 프로젝트의 잠재적 투자를 위해 Korea Hydro & Nuclear Power 및 POSCO International과 협력하고 있습니다.
Centrus Energy (NYSE American: LEU) a annoncé une vaste expansion de son usine d’enrichissement d’uranium à Piketon, dans l’Ohio. L’investissement de plusieurs milliards de dollars devrait créer 1 000 emplois durant la construction et 300 nouveaux postes opérationnels tout en conservant 127 postes existants.
L’entreprise a levé plus de 1,2 milliard de dollars à travers des transactions d’obligations convertibles et a sécurisé plus de 2 milliards de dollars d’engagements d’achat contingents de la part de clients utilitaires. Centrus a soumis des propositions au Department of Energy des États-Unis pour obtenir un financement afin d’étendre la production nationale de Uranium Faiblement Enrichi (LEU) et HALEU (haute teneur en enrichissement).
Étant le seul enrichisseur actif utilisant une technologie américaine, Centrus fabrique des centrifugeuses exclusivement aux États‑Unis, avec une chaîne d’approvisionnement couvrant 14 principaux fournisseurs dans 13 États. L’entreprise s’est associée à Korea Hydro & Nuclear Power et POSCO International pour d’éventuels investissements dans le projet.
Centrus Energy (NYSE American: LEU) hat eine umfassende Erweiterung seiner Uran-Anreicherungsanlage in Piketon, Ohio, angekündigt. Die mehrfach milliardenschwere Investition soll 1.000 Bauarbeitsplätze und 300 neue Betriebsstellen schaffen und dabei 127 bestehende Stellen sichern.
Das Unternehmen hat über 1,2 Milliarden Dollar durch wandelbare Anleihen-Transaktionen eingenommen und mehr als 2 Milliarden Dollar an bedingten Kaufverpflichtungen von Versorgungsunternehmen gesichert. Centrus hat dem US-Energieministerium Vorschläge vorgelegt, um die inländische Produktion von LEU und HALEU zu erweitern.
Als einziger aktiver Anreicherer, der amerikanische Technologie verwendet, stellt Centrus Zentrifugen ausschließlich in den USA her, mit einer Lieferkette von 14 großen Zulieferern in 13 Bundesstaaten. Das Unternehmen arbeitet mit Korea Hydro & Nuclear Power und POSCO International zusammen, um potenziell in das Projekt zu investieren.
Centrus Energy (NYSE American: LEU) أعلنت عن توسيع كبير في منشأة تخصيب اليورانيوم في بيكتون، أوهايو. استثمار بمليارات الدولارات من المتوقع أن يخلق 1,000 وظيفة أثناء البناء و300 وظيفة تشغيلية جديدة مع الحفاظ على 127 وظيفة حالية.
جمعت الشركة أكثر من 1.2 مليار دولار من خلال معاملات سندات قابلة للتحويل وضمنت أكثر من 2 مليار دولار من التزامات شراء محتملة من عملاء مرافق الخدمات. قدمت Centrus مقترحات لوزارة الطاقة الأمريكية للحصول على تمويل لتوسيع الإنتاج المحلي من اليورانيوم منخفض التخصيب LEU وHALEU (اليورانيوم عالي التخصيب وبالمستوى العالي).
باعتبارها الوحدة النشطة الوحيدة في التخصيب والتي تستخدم تكنولوجيا أمريكية، تصنّع Centrus أجهزة الطرد المركزي حصرياً في الولايات المتحدة، مع سلسلة توريد تضم 14 مورداً رئيسياً في 13 ولاية. وتعاونت الشركة مع Korea Hydro & Nuclear Power وPOSCO International لاستثمار محتمل في المشروع.
Centrus Energy (NYSE American: LEU)宣布在俄亥俄州皮克顿的铀浓缩设施进行大规模扩建。这项数十亿美元级别的投资预计将创造1,000个建筑工人岗位和300个新的运营岗位，同时保留现有127个岗位。
公司通过可转换票据交易筹集了超过12亿美元，并从公用事业客户那里获得了超过20亿美元的或有购买承诺。Centrus已向美国能源部提交了扩大全国LEU和HALEU生产的资助提案。
作为唯一使用美国技术的活跃浓缩厂，Centrus在美国境内独家生产离心机，供应链覆盖13个州的14个主要供应商。公司还与韩国电力公公司(KHNP)及POSCO International就项目潜在投资展开合作。
- Creation of 1,000 construction jobs and 300 new operations jobs while retaining 127 existing positions
- Secured over $1.2 billion in convertible note transactions
- Obtained more than $2 billion in contingent purchase commitments from utility customers
- Only active uranium enricher using 100% American technology and manufacturing
- Strategic partnerships with Korea Hydro & Nuclear Power and POSCO International
- Nationwide manufacturing supply chain across 13 states
- Expansion plans contingent on securing U.S. Department of Energy funding approval
- Project requires significant public funding alongside private investment
- No state of Ohio or JobsOhio grants, loans, or tax credits planned
Insights
Centrus' multi-billion dollar expansion signals major domestic uranium enrichment revival, creating jobs and reducing foreign dependence.
Centrus Energy's announced expansion in Piketon, Ohio represents a potentially transformative development for the U.S. nuclear fuel supply chain. This planned multi-billion-dollar investment aims to significantly boost domestic uranium enrichment capacity for both conventional Low-Enriched Uranium (LEU) and advanced High-Assay, Low-Enriched Uranium (HALEU).
The company has already secured
The strategic importance cannot be overstated. Currently,
The expansion's execution remains contingent on Department of Energy funding decisions, which creates uncertainty. However, the broad political support evidenced by endorsements from both federal and state officials suggests favorable prospects. The project aligns perfectly with bipartisan priorities for energy security, domestic manufacturing, and reducing dependence on foreign suppliers.
This expansion could fundamentally reposition Centrus from a smaller player to a significant force in the global nuclear fuel market, particularly as demand for both conventional and advanced reactor fuels grows. The creation of 300 permanent jobs plus 1,000 construction positions would transform the company's operational footprint and production capacity.
The announced Centrus expansion addresses a critical vulnerability in America's energy infrastructure. Currently, the U.S. relies almost entirely on foreign, state-owned enterprises for uranium enrichment—a strategic dependency that poses significant national security risks.
Centrus represents the only American-owned enrichment capability using domestic technology and manufacturing. This expansion would establish the first large-scale domestic enrichment capacity in decades, reducing a major strategic vulnerability in the nuclear supply chain.
The timing is particularly significant amid growing global geopolitical tensions. The ability to produce both conventional LEU and advanced HALEU domestically insulates U.S. energy security from international disruptions and potential supply manipulation by foreign powers. The planned expansion would serve both the existing nuclear fleet and next-generation advanced reactors, securing the fuel supply chain across multiple technology generations.
While the expansion hinges on Department of Energy funding decisions, the apparent political consensus across party lines indicates recognition of the strategic importance of this capability. The combination of
Beyond direct energy security benefits, the domestic supply chain approach—manufacturing centrifuges in Tennessee with suppliers across 13 states—creates strategic industrial resilience. This distributed manufacturing model protects against regional disruptions and builds broader national capabilities in precision manufacturing.
Hiring Underway In Advance of Federal Funding Decisions
High-Resolution Images and B-roll Available
"The time has come to restore America's ability to enrich uranium at scale," said Centrus CEO Amir Vexler. "We are planning a historic, multi-billion-dollar investment right here in
The project is also expected to support hundreds of jobs at Centrus' centrifuge manufacturing plant in
JobsOhio and OhioSE will be long-term partners to Centrus as the company ramps up recruiting and hiring to fill the 300 operations jobs this project is expected to create. The company will discuss the announcement today at the Ross County Employment Expo in
"Centrus' commitment to expand and upgrade its
A Multi-Billion-Dollar Expansion
In anticipation of the expansion, Centrus raised more than
Centrus recently submitted proposals to the
"Today's announcement is critical, not just for the people of
American Technology, Built by American Workers
Almost 100 percent of the world's enrichment capacity belongs to foreign, state-owned enterprises; those companies use centrifuge technologies exclusively manufactured overseas. Centrus is the only active enricher that uses American technology and manufactures centrifuges and supporting equipment exclusively in
"In step with President Trump, Centrus is restoring American energy dominance, bringing back energy independence, and creating good American jobs to put our talented workforce to work," said
The company will manufacture its centrifuges in
"America is becoming more reliant on nuclear energy, and Centrus is the only American-owned uranium enrichment facility that fuels nuclear power," said Lt. Governor Jim Tressel. "This is great news for America and will create jobs and opportunity in
The JobsOhio Talent Acquisition Services team is working in partnership with Centrus to support the company's overall talent strategy. Tactics could include talent attraction campaigns and pipeline development efforts through marketing, recruitment and training initiatives for operators and technicians. There are no state of
"Centrus'
Centrus has already begun hiring in anticipation of the expansion and is partnering with JobsOhio to identify and recruit potential job applicants.
"The investment and job creation that Centrus has announced will provide amazing opportunities in the southern portion of the OhioSE region," said Matt Abbott, OhioSE President and CEO. "We are pleased to be a part of this monumental project."
What They Are Saying:
"Centrus' major investment in
– State Senator Brian Chavez, Senate Energy Committee Chairman
"Thank you to Centrus Energy Corp. for the vital and forward-looking endeavor for
– State Senator Shane Wilkin
"Congratulations and thank you to Centrus for their investment in southern
– State Representative Adam Holmes, Chairman, Ohio House Energy Committee.
"
– State Representative Bob Peterson
About Centrus
Centrus Energy is a trusted American supplier of nuclear fuel and services for the nuclear power industry, helping meet the growing need for clean, affordable, carbon-free energy. Since 1998, the Company has provided its utility customers with more than 1,850 reactor years of fuel, which is equivalent to more than 7 billion tons of coal.
With world-class technical and engineering capabilities, Centrus is pioneering production of High-Assay, Low-Enriched Uranium and is leading the effort to restore America's uranium enrichment capabilities at scale so that we can meet our clean energy, energy security, and national security needs. Find out more at www.centrusenergy.com.
About JobsOhio
JobsOhio,
Centrus has provided a collection of high-resolution images and b-roll for media use.
Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as "expects", "anticipates", "intends", "plans", "believes", "will", "should", "could", "would" or "may" and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management's current views and assumptions with respect to future events and operational, economic and financial performance. Forward-looking statements are not guarantees of future performance, events or results and involve known and unknown risks, uncertainties and other factors, which may be beyond our control.
For Centrus Energy Corp., particular factors that involve uncertainty and could cause our actual future results to differ materially from those expressed in our forward-looking statements and which are, and may be, exacerbated by any worsening of the global business and economic environment include but are not limited to the following: geopolitical conflicts, including the war in
Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. Readers are urged to carefully review and consider the various disclosures made in this news release and in our filings with the SEC, including our most recent Annual Report on Form 10-K, under Part II, Item 1A - "Risk Factors" in our subsequent Quarterly Reports on Form 10-Q, and in our other filings with the SEC that attempt to advise interested parties of the risks and factors that may affect our business. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.
Contacts: | |
Centrus (Media): | Dan Leistikow, LeistikowD@centrusenergy.com |
Centrus (Investors): | Neal Nagarajan, NagarajanNK@centrusenergy.com |
JobsOhio: | Matt Englehart, 614.300.1152 and englehart@jobsohio.com |
OhioSE: | Sarah Arnold, 740.525.5510 and sarah@ohiose.com |
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SOURCE Centrus Energy Corp.
FAQ
What is the size of Centrus Energy's (LEU) planned expansion in Piketon, Ohio?
How much funding has Centrus (LEU) secured for the Piketon expansion?
What types of uranium will Centrus (LEU) produce at the expanded Piketon facility?
Who are Centrus Energy's (LEU) partners in the Piketon expansion project?
What is unique about Centrus Energy's (LEU) uranium enrichment technology?
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