Centrus Energy (NYSE:LEU) Corp is a U.S.-based supplier of nuclear fuel and enrichment services, specializing in the production of low-enriched uranium (LEU) for commercial power reactors and highly enriched uranium for naval propulsion. Through its Centrus Global subsidiary, the company provides technical support, fuel fabrication services and recycled uranium products to utilities operating light-water reactors. Centrus also develops advanced centrifuge technologies aimed at improving enrichment efficiency and reducing the cost of nuclear fuel.
Originally founded as the United States Enrichment Corporation (USEC) in 1998 following a spin-out from the U.S. Department of Energy, Centrus inherited America’s gaseous diffusion enrichment facilities before transitioning to centrifuge-based processes. In 2019, the company rebranded as Centrus Energy to reflect its broader focus on commercial nuclear fuel services. Centrus has since worked under Department of Energy contracts to demonstrate next-generation centrifuge cascades at its American Centrifuge Plant in Oak Ridge, Tennessee, supporting the development of high-assay LEU (HALEU) for advanced reactor designs.
Headquartered in Bethesda, Maryland, and operating major facilities in Oak Ridge, Tennessee, Centrus serves domestic nuclear utilities, the U.S. Navy and international customers seeking reliable uranium enrichment and fuel cycle services. The company’s product portfolio includes standard LEU for baseload electricity generation, recycled uranium blends and tailored fuel assemblies. Centrus’s enrichment capabilities are designed to meet both current market requirements and future demands for smaller modular reactors and emerging high-performance reactor concepts.
Under the leadership of President and Chief Executive Officer Daniel B. Poneman, a former U.S. Deputy Secretary of Energy, Centrus is positioned to capitalize on growing interest in carbon-free nuclear power. The company continues to pursue collaborations with government agencies, research institutions and reactor developers to advance fuel supply security and innovation in nuclear technology. Centrus Energy remains committed to supporting a reliable, home-grown nuclear fuel infrastructure for commercial and defense applications.
