Centrus Energy's American Centrifuge Operating Wins HALEU Enrichment Award From U.S. Department Of Energy, With A Minimum Contract Value Of $2M And A Maximum Value For All Awardees Of $2.7B Over A 10-Year Period
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Centrus Energy's subsidiary, American Centrifuge Operating, has secured a contract from the U.S. Department of Energy to expand domestic production of High-Assay, Low-Enriched Uranium (HALEU). The contract has a minimum value of $2 million and a potential maximum of $2.7 billion over ten years, depending on future task orders.
October 17, 2024 | 8:35 pm
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Centrus Energy's subsidiary has won a significant contract from the U.S. Department of Energy to produce HALEU, essential for next-gen nuclear reactors. The contract could be worth up to $2.7 billion over ten years, enhancing Centrus' market position.
The contract award from the U.S. Department of Energy is a significant development for Centrus Energy, as it positions the company to expand its HALEU production capabilities. This is crucial for the future of nuclear energy, as HALEU is needed for next-generation reactors. The potential maximum value of $2.7 billion over ten years indicates a substantial revenue opportunity, which is likely to positively impact Centrus Energy's stock price in the short term.
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