Centrus Signs $32.3 Million Uranium Centrifuge Technology Advancement Contract, Tennessee
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Centrus Energy Corp. has signed a new U.S. Centrifuge Technology Advancement contract with UT-Battelle, LLC, as operator of the U.S. Department of Energy’s Oak Ridge National Laboratory (ORNL). Under the terms of the agreement, Centrus will continue to perform engineering and testing work to preserve and advance U.S.-origin uranium enrichment technology to support future national security and energy security needs. The contract totals approximately $32.3 million and runs through September 30, 2016.
“We still have critical work to do to advance the nation’s uranium enrichment capability. In Oak Ridge, we have a specialized workforce, unique assets, and technical capabilities that are essential for this important work. Over the long-term, we plan to continue advancing our technological expertise in uranium enrichment technology, operations, and manufacturing so that we are ready to deploy a commercial-scale enrichment facility when sufficient market demand recovers,” said Steve Penrod, vice president of American Centrifuge for Centrus.
Centrus recently completed a successful three-year demonstration of the existing American Centrifuge technology at its facility in Piketon, Ohio, with 120 machines linked together in a cascade to simulate industrial operating conditions. Informed by data from that demonstration, Centrus scientists, engineers, and operators will utilize the company’s unique facilities in Tennessee to continue advancing the technology — identifying further improvements to reduce costs, improve manufacturability, and enhance long-term reliability of its enrichment operations. The work also ensures that critical U.S. expertise in centrifuge design, manufacturing, and operations is maintained.
In October 2015, the U.S. Department of Energy issued a report to Congress finding that the United States must restore its domestic uranium enrichment capability to meet national security needs. After evaluating a range of possible technologies, the Department found that the American Centrifuge is the “most technically advanced and lowest risk option” for doing so.
About Centrus Energy
Centrus Energy Corp. is a trusted supplier of enriched uranium fuel for commercial nuclear power plants in the United States and around the world. Centrus Energy’s mission is to provide reliable and competitive fuel goods and services to meet the needs of our customers, consistent with the highest levels of integrity, safety, and security.
To stop by Centrus Energy’s website, CLICK HERE
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