In December, the U.S. Department of Energy awarded Centrus Energy a $900 million contract under its Strategic Resilience Reserve program, part of a broader $2.5 billion initiative to secure critical minerals and fuel supplies. This award follows Centrus’s AC100 centrifuge being selected in 2015 as the nation’s most advanced, lowest-risk enrichment technology. The DOE contract will finance expansion of the Oak Ridge, Tennessee, production facility—originally built for the Manhattan Project—restoring full industrial-scale uranium enrichment capacity for the first time since 2013. By tripling enrichment throughput over the next five years, Centrus is positioned to replace the 24% of uranium enrichment services previously sourced from Russia and reinforce America’s energy sovereignty.

Centrus’s proprietary AC100 centrifuge technology enables the conversion of natural uranium’s U-238 isotope into fissile U-235 at significantly lower capital and operational risk compared with legacy methods. Since 2023, the company has achieved a 20% compound annual growth rate in enrichment output, driven by both federal financing under the Defense Production Act and long-term offtake agreements with domestic power utilities. With data centers projected to consume 3% of global electricity by 2030, the DOE forecasts a three-fold increase in U.S. nuclear generation capacity by mid-century. Located near northern Virginia’s data center corridor, Centrus stands to capture a substantial share of new enrichment demand tied to the AI revolution.

Centrus fortified its balance sheet throughout 2025, growing cash reserves from $671 million at year-end 2024 to $1.63 billion by September. This liquidity surpasses its most recent quarter’s debt balance of $1.21 billion, leaving approximately $400 million in unencumbered cash. For the first nine months of 2025, revenue reached $302.5 million—up 4.1% year-over-year—while operating income surged from $2.9 million to $37.4 million, an increase of 1,189.6%. The company forecasts sustaining a 20% annual revenue growth rate over the next three years, driven by federal support and import substitution, and anticipates 40% growth in U.S. nuclear generation capacity by 2055 even without new climate legislation.