Centrus Energy Launches Multi-Billion Expansion, Creating 1,300 Ohio Jobs
Centrus Energy marked the launch of its multi-billion-dollar uranium enrichment expansion in Piketon, Ohio by ringing the NYSE opening bell, aiming to produce both LEU and HALEU. The project will create 1,300 Ohio operations jobs, 430 Tennessee manufacturing roles and strengthen domestic nuclear fuel supply for reactors and security needs.
1. Expansion Launch and NYSE Ceremony
On February 19, President and CEO Amir Vexler rang the NYSE Opening Bell to commemorate Centrus Energy's kickoff of its multi-billion-dollar uranium enrichment expansion in Piketon, Ohio.
2. Production Capacity and Technology
The expansion focuses on large-scale production of low-enriched uranium (LEU) for existing reactor fleets and high-assay, low-enriched uranium (HALEU) for next-generation advanced reactors and national security missions.
3. Job Creation and Economic Impact
Hiring and centrifuge manufacturing are underway, with expectations to fill 1,300 construction and operations positions in Ohio, 430 manufacturing roles in Tennessee, and thousands of additional supply chain jobs across the United States.
4. Strategic and Security Importance
By restoring domestic enrichment capabilities at scale, the project aims to provide an affordable, assured source of nuclear fuel to support civilian power generation and critical defense applications.