Centrus Urges Congress to Prioritize US-Made Nuclear Fuel Technology Amid $3.4B Funding to Cut Russian Dependency
Portfolio Pulse from Benzinga Newsdesk
Centrus Energy is advocating for Congress to allocate $3.4 billion in funding towards American-made nuclear fuel technology to reduce dependency on Russian nuclear fuel. Centrus aims to expand its American Centrifuge Plant in Ohio to produce Low-Enriched Uranium (LEU) and High-Assay, Low-Enriched Uranium (HALEU) for current and next-generation reactors. This initiative requires a public-private partnership and federal investment.
September 25, 2024 | 6:47 am
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Centrus Energy is pushing for $3.4 billion in federal funding to be directed towards American-made nuclear fuel technology, specifically for expanding its Ohio plant to produce LEU and HALEU.
Centrus Energy is directly involved in the push for federal funding to expand its nuclear fuel production capabilities. The focus on American-made technology aligns with current geopolitical trends to reduce dependency on foreign sources, potentially boosting Centrus' business prospects.
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