Centrus Energy ships first new uranium centrifuge
Centrus expects initial new Ohio enrichment capacity in 2029, with Tennessee manufacturing feeding centrifuges into final assembly there.
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Form Type
8-K
Rhea-AI Filing Summary
Centrus Energy Corp. (LEU) completed and began shipping its first new centrifuge from its Oak Ridge, Tennessee, manufacturing plant on October 29, 2026, as part of its multibillion-dollar uranium-enrichment expansion. The centrifuges are to be shipped to Ohio for final assembly. Centrus said the shipment and supply-chain milestones came ahead of its previously announced year-end target.
The company restarted Oak Ridge centrifuge manufacturing in December 2025. In January 2026, it announced a $560 million investment to expand and modernize the facility into a high-rate manufacturing plant capable of supporting production of thousands of advanced centrifuges. Centrus expects its first new enrichment capacity in Ohio to come online in 2029.
Centrus said it contracted domestic suppliers and ordered tens of thousands of parts, and completed its strategic acquisition of Westerman Holdings, a supplier of centrifuge casings and other major components, earlier in October. Its existing Ohio cascade has reliably produced HALEU since late 2023.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Oak Ridge investment: $560 million
Expected first new Ohio capacity: 2029
Successful technology operation: More than 4 million machine-hours
+2 more
5 metrics
Oak Ridge investment
$560 million
Announced in January 2026 to expand and modernize the manufacturing center.
Expected first new Ohio capacity
2029
Expected to come online in Ohio.
Successful technology operation
More than 4 million machine-hours
Operating experience cited for Centrus technology.
Advanced centrifuge production capability
Thousands of advanced centrifuges
Production capability the modernized Oak Ridge plant is intended to support.
Parts ordered
Tens of thousands of parts
Ordered from American manufacturers for the domestic supply chain.
Key Terms
High-Assay, Low-Enriched Uranium (HALEU), LEU, centrifuge cascade, unobligated supply chain
4 terms
High-Assay, Low-Enriched Uranium (HALEU) technical
"production of High-Assay, Low-Enriched Uranium"
High-assay, low-enriched uranium (HALEU) is a form of nuclear fuel that contains a higher concentration of the fissile isotope U-235 than conventional reactor fuel but remains well below weapons-grade levels. Investors care because HALEU is needed by many advanced and small modular reactors; think of it like higher-octane gasoline for new engines — limited supply, special handling, and regulatory oversight can affect project timelines, costs and the value of companies in the nuclear energy supply chain.
LEU technical
"large-scale production of LEU for the existing reactor fleet"
The leu is the basic unit of money used in Romania and also the name of Moldova’s currency; think of it like the dollar or euro for those countries. For investors, amounts quoted in lei indicate the currency that assets, earnings, or prices are measured in, so exchange-rate moves and local purchasing power directly affect the value of investments when converted to an investor’s home currency.
centrifuge cascade technical
"existing centrifuge cascade in Ohio"
A centrifuge cascade is a linked series of centrifuges arranged so the output from one machine becomes the input for the next, producing a stronger overall separation or enrichment than a single centrifuge can achieve. Each stage runs at specified speeds and flow rates so small differences in density, particle size, or isotopic composition are amplified stepwise; the setup is used both in laboratory sample fractionation (progressively pelleting or clarifying components) and in industrial isotope enrichment (repeatedly concentrating a favored isotope). Cascades require careful balancing of stage performance and flow to achieve the intended degree of separation and to avoid throughput bottlenecks or reduced efficiency.
unobligated supply chain technical
"complete, unobligated supply chain"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Centrus (LEU) begin shipping?
Centrus completed and began shipping its first new centrifuge from its Oak Ridge, Tennessee, manufacturing plant on October 29, 2026, for final assembly in Ohio.
When is Centrus’ new Ohio enrichment capacity expected to come online?
Centrus expects its first new capacity in Ohio to come online in 2029 as part of its uranium-enrichment expansion.
How much operating experience does Centrus cite for its centrifuge technology?
Centrus says its technology has more than 4 million machine-hours of successful operation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
_________________
Date of Report (Date of earliest event reported): October 29, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||
(Address of Principal Executive Offices)
Registrant's telephone number, including area code: (301 ) 564-3200
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol | Name of Each Exchange on Which Registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging Growth Company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events
On October 29, 2026, Centrus Energy Corp. (the “Company”) issued a press release announcing the first new centrifuge to support the Company’s multi-billion-dollar expansion of its uranium enrichment capacity had been completed by and shipped from its Oak Ridge, Tennessee, manufacturing plant.
A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
| Exhibit No. | Description | ||||
| 99.1 | Press Release dated October 29, 2026 | ||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL Document) | ||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Centrus Energy Corp. | |||||||||||
| Date: | October 29, 2026 | By: | /s/ Todd M. Tinelli | ||||||||
| Todd M. Tinelli | |||||||||||
| Senior Vice President, Chief Financial Officer, and Treasurer | |||||||||||
Centrus Begins Shipping Centrifuges to Ohio to Support Major Expansion of Uranium Enrichment Capacity October 29, 2026 Milestone connects Tennessee manufacturing with Ohio uranium enrichment expansion to rebuild America's nuclear fuel supply chain Achievement marks the assembly of a complete, unobligated supply chain to serve both the commercial and national security markets OAK RIDGE, Tenn., Oct. 29, 2026 /PRNewswire/ -- Centrus Energy's (NYSE: LEU) Oak Ridge manufacturing plant has completed and is shipping the first new centrifuge today as part of the company's multibillion-dollar expansion of its uranium enrichment capacity. This milestone marks the next phase of the project where completed centrifuges manufactured in Tennessee will be shipped to Ohio for final assembly, with the manufacturing rate growing over time. It also reflects that Centrus has now secured a complete and complex manufacturing supply chain. Both milestones were achieved ahead of Centrus' previously-announced year-end target. "Completing the first new centrifuge for our expansion and standing up a one-of-a-kind supply chain are significant moments for our team and this country," said Amir Vexler, President and Chief Executive Officer of Centrus. "Building this unique manufacturing capability at scale takes specialized expertise, time, precision and sustained commitment. These milestones demonstrate our ability to translate our investment into tangible progress and position us to re-establish this country's rightful position in the global enrichment market." Centrus' technology is fully licensed, proven and de-risked, with more than four million machine-hours of successful operation. Its existing centrifuge cascade in Ohio includes components manufactured in 2019, as well as components the company manufactured in prior years, and has been reliably producing High-Assay, Low-Enriched Uranium (HALEU) since late 2023. In December 2025, Centrus restarted centrifuge manufacturing activities in Oak Ridge to support a major expansion of its uranium enrichment capacity in Ohio. In January 2026, the company announced a $560 million investment to expand and modernize its Oak Ridge Technology and Manufacturing Center, transitioning it to a high-rate manufacturing plant capable of supporting production of thousands of advanced centrifuges. More recently, Centrus has been manufacturing thousands of individual centrifuge components while steadily expanding manufacturing capacity and throughput. Concurrently, it has contracted a network of domestic suppliers and ordered tens of thousands of parts from American manufacturers to secure an unobligated supply chain that can service both commercial and national security demand. Earlier this month, Centrus completed its strategic acquisition of Westerman Holdings, a key supplier of centrifuge casings and other major components, as the company expands and further secures its supply chain. The new centrifuges produced in Tennessee will be grouped into cascades, with the first new capacity expected to come online in
Ohio in 2029 as previously announced. This is part of the company's multibillion-dollar expansion of uranium enrichment capacity. This expansion includes large-scale production of LEU for the existing reactor fleet for baseload electricity, HALEU for next generation reactors, and enrichment for national security needs. Centrus' Oak Ridge facility is the only advanced centrifuge manufacturing plant in the United States with a proven and de-risked technology. All other centrifuge technologies in commercial operation today are manufactured exclusively overseas. Centrus relies on an exclusively domestic supply chain, which allows its centrifuges to produce enriched uranium for both commercial and national security applications. Today's shipment marks a tangible step in connecting this American-made centrifuge technology with re-established and expanded domestic uranium enrichment capacity. 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, 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 or follow us on LinkedIn and X. QUOTES "The first shipment of centrifuge components from Centrus's expanded Oak Ridge facility marks an important milestone in strengthening America's nuclear fuel supply chain. Tennessee has the legacy, expertise, and skilled workforce to lead, and we are proud to support Centrus as it creates new opportunity for Tennesseans and advances American energy security." – Governor Bill Lee "The centrifuges being manufactured here in Oak Ridge will help build the nuclear energy infrastructure America will need for decades to come. That's precisely what makes [this milestone] so important… we're turning decades of investment and expertise into American manufacturing, American energy, and American opportunity." – Senator Bill Hagerty "As a proud representative of Oak Ridge and Anderson County, I am thrilled to see Centrus Energy making real progress in expanding American uranium enrichment right here in East Tennessee. Shipping the first set of centrifuge components from Oak Ridge is a major milestone—not just for our community, but for the nation's energy security. This investment brings hundreds of good-paying jobs and affirms our region's leadership in advanced nuclear technology. As America seeks to lead the world in developing a new fleet of advanced civil nuclear reactors, our domestic conversion, enrichment, and reprocessing capabilities must follow suit. Building a robust nuclear fuel supply chain is imperative to our energy security, and it's great to see that Centrus has proven themselves to be an instrumental player in these efforts. I congratulate Centrus and all the hardworking Tennesseans who are building the future of American energy." – Congressman Chuck Fleischmann "Tennessee is leading the way in America's nuclear energy renaissance. Centrus's investment in Oak Ridge strengthens our state's economy, creates good-paying jobs and helps restore America's nuclear fuel independence. This milestone shows Tennessee will continue to lead in the technologies that power our economy and protect our national security." – Lieutenant Governor Randy McNally "Today's shipment is a significant milestone for Centrus, Tennessee and the nation—and a powerful example of what can happen when state support, private investment and national priorities align. The completed set of centrifuge components manufactured in Oak Ridge and shipped to Ohio demonstrates Tennessee's role in rebuilding America's domestic uranium enrichment capability. With support from Tennessee's Nuclear Energy Fund, Centrus is creating high-quality jobs and strengthening the advanced manufacturing capacity our country needs for energy security and national security. We are proud to support Centrus' continued growth in East Tennessee and grateful for its investment in Tennessee's nuclear future." – Stuart C. McWhorter, Deputy Governor and TNECD Commissioner "I want to thank Centrus on their intentional effort to follow through on their pledge, to invest in the Oak Ridge Corridor and bring hundreds of jobs to our community!" – State Representative Rick Scarbrough "I can't say enough good about Centrus and this incredible milestone toward rebuilding America's domestic nuclear fuel supply chain. Centrus is a national leader in the nuclear renaissance, but here at home, the excellent jobs they continue to provide mean something even more personal: families can stay together, and the next generation doesn't have to leave to build a future. I am so very thankful that because of the work Centrus is doing, mothers and fathers can watch their children build careers, put down roots and start families of their own right here at home." – Mayor Terry Frank, Anderson County "Oak Ridge continues to lead the nation's Nuclear Renaissance. With more than $560 million in planned investment and nearly 430 new jobs, Centrus is strengthening our local economy while building on our City's legacy as a center of nuclear innovation.
We congratulate Centrus on its expansion and thank Centrus for their continuing confidence in Oak Ridge. Playing a pivotal role in advancing the nation's nuclear mission for generations, Oak Ridge is proud to carry that legacy forward and help lead this next chapter." – Mayor Warren Gooch, City of Oak Ridge "Centrus Energy's milestone represents a meaningful advancement in strengthening the nation's nuclear fuel supply chain. TVA supports efforts that enhance America's energy security and reinforce Tennessee's enduring leadership in the nuclear energy landscape." – Matt Rasmussen, Chief Nuclear Officer, Tennessee Valley Authority 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. 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: the war in Ukraine and other geopolitical conflicts; our government contracts, including changes to the U.S. government's appropriated funding levels for HALEU, the government's inability to satisfy its obligations, and our lease to our facility in Piketon, Ohio; whether or when demand for HALEU or LEU for government or commercial uses will materialize and at what level; the impact and potential extended duration of a supply/demand imbalance in the market for LEU; significant competition from major LEU producers, including foreign competitors, who may be less cost sensitive than we are; pricing trends and demand in the uranium and enrichment markets, especially in light of the potential of limited supply and our dependence on others for deliveries of LEU; and our ability to successfully implement our planned expansion projects in Piketon, Ohio, and Oak Ridge, Tennessee. 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 Annual Report on Form 10-K for the year ended December 31, 2025, under Part II, Item 1A – "Risk Factors" in our Quarterly report on Form 10-Q for the quarter ended March 31, 2026, under Part II, Item 1A – "Risk Factors" in our Quarterly report on Form 10-Q for the quarter ended June 30, 2026, and our 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: Media — Dan Leistikow LeistikowD@centrusenergy.com Investors — Neal Nagarajan NagarajanNK@centrusenergy.com View original content to download multimedia:https://www.prnewswire.com/news-releases/centrus-begins-shipping-centrifuges- to-ohio-to-support-major-expansion-of-uranium-enrichment-capacity-302923570.html SOURCE Centrus Energy Corp.