Centrus Signs Agreement with KHNP and POSCO International for Potential Investment in American Uranium Enrichment
Centrus Energy (NYSE:LEU) has signed a Memorandum of Understanding (MOU) with Korea Hydro & Nuclear Power (KHNP) and POSCO International to explore potential investment in expanding Centrus' uranium enrichment plant in Piketon, Ohio. The agreement aims to strengthen U.S.-Korea cooperation in civilian nuclear energy.
Additionally, Centrus and KHNP agreed to increase the supply volume of enriched uranium under their February 2025 contract. The supply commitment is contingent on Centrus receiving necessary federal funding. The company is competing for U.S. Department of Energy funding and plans to match federal funds with private capital and utility purchase commitments.
KHNP operates 26 nuclear reactors with 4 under construction, making it the world's third-largest nuclear plant operator. Korea represents one of the largest potential export markets for U.S. enriched uranium.
Centrus Energy (NYSE:LEU) ha firmato un Memorandum of Understanding (MOU) con Korea Hydro & Nuclear Power (KHNP) e POSCO International per valutare un possibile investimento nell'espansione dello stabilimento di arricchimento dell'uranio di Centrus a Piketon, Ohio. L'intesa mira a rafforzare la cooperazione USA-Corea nell'ambito dell'energia nucleare civile.
Inoltre, Centrus e KHNP hanno concordato di aumentare il volume di fornitura di uranio arricchito previsto dal contratto di febbraio 2025. L'impegno di fornitura 猫 subordinato all'ottenimento da parte di Centrus dei finanziamenti federali necessari. L'azienda 猫 in gara per fondi del Dipartimento dell'Energia degli Stati Uniti e intende integrare i finanziamenti federali con capitale privato e impegni di acquisto da parte delle utility.
KHNP gestisce 26 reattori nucleari con 4 in costruzione, risultando il terzo maggiore operatore di centrali nucleari al mondo. La Corea rappresenta uno dei pi霉 grandi mercati potenziali di esportazione per l'uranio arricchito statunitense.
Centrus Energy (NYSE:LEU) ha firmado un Memorando de Entendimiento (MOU) con Korea Hydro & Nuclear Power (KHNP) y POSCO International para explorar una posible inversi贸n en la ampliaci贸n de la planta de enriquecimiento de uranio de Centrus en Piketon, Ohio. El acuerdo busca reforzar la cooperaci贸n entre EE. UU. y Corea en energ铆a nuclear civil.
Adem谩s, Centrus y KHNP acordaron aumentar el volumen de suministro de uranio enriquecido previsto en su contrato de febrero de 2025. El compromiso de suministro est谩 condicionado a que Centrus reciba la financiaci贸n federal necesaria. La compa帽铆a compite por fondos del Departamento de Energ铆a de EE. UU. y planea complementar los fondos federales con capital privado y compromisos de compra de las compa帽铆as el茅ctricas.
KHNP opera 26 reactores nucleares con 4 en construcci贸n, lo que la convierte en el tercer mayor operador de centrales nucleares del mundo. Corea representa uno de los mayores mercados potenciales de exportaci贸n para el uranio enriquecido estadounidense.
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Centrus Energy (NYSE:LEU) a sign茅 un protocole d'accord (MOU) avec Korea Hydro & Nuclear Power (KHNP) et POSCO International pour 茅tudier un 茅ventuel investissement dans l'expansion de l'usine d'enrichissement d'uranium de Centrus 脿 Piketon, Ohio. L'accord vise 脿 renforcer la coop茅ration am茅ricano-cor茅enne dans le domaine de l'茅nergie nucl茅aire civile.
Par ailleurs, Centrus et KHNP ont convenu d'accro卯tre le volume d'approvisionnement en uranium enrichi pr茅vu par leur contrat de f茅vrier 2025. Cet engagement de fourniture est subordonn茅 脿 l'obtention par Centrus des financements f茅d茅raux n茅cessaires. L'entreprise concourt pour des fonds du D茅partement de l'脡nergie des 脡tats-Unis et pr茅voit de compl茅ter les fonds f茅d茅raux par des capitaux priv茅s et des engagements d'achat de la part des fournisseurs d'茅lectricit茅.
KHNP exploite 26 r茅acteurs nucl茅aires et en a 4 en construction, ce qui en fait le troisi猫me plus grand exploitant de centrales nucl茅aires au monde. La Cor茅e repr茅sente l'un des plus grands march茅s d'exportation potentiels pour l'uranium enrichi am茅ricain.
Centrus Energy (NYSE:LEU) hat ein Memorandum of Understanding (MOU) mit Korea Hydro & Nuclear Power (KHNP) und POSCO International unterzeichnet, um m枚gliche Investitionen in den Ausbau von Centruss Urananreicherungsanlage in Piketon, Ohio, zu pr眉fen. Die Vereinbarung zielt darauf ab, die zivilnukleare Zusammenarbeit zwischen den USA und Korea zu st盲rken.
Zudem haben Centrus und KHNP zugestimmt, das Liefervolumen an angereichertem Uran gem盲脽 ihrem Vertrag von Februar 2025 zu erh枚hen. Die Lieferzusage h盲ngt davon ab, dass Centrus die erforderliche Bundesfinanzierung erh盲lt. Das Unternehmen konkurriert um F枚rdermittel des US-Energieministeriums und plant, Bundesmittel mit privatem Kapital und Abnahmeverpflichtungen von Energieversorgern zu erg盲nzen.
KHNP betreibt 26 Kernreaktoren und hat 4 im Bau, womit es der drittgr枚脽te Betreiber von Kernkraftwerken weltweit ist. Korea stellt einen der gr枚脽ten potenziellen Exportm盲rkte f眉r US-angereichertes Uran dar.
- Potential expansion of U.S. uranium enrichment capacity through Korean investment
- Increased supply volume agreement with KHNP from February 2025 contract
- Partnership with world's third-largest nuclear plant operator
- Access to significant Korean export market for enriched uranium
- Opportunity for additional private sector capital investment
- Supply commitment contingent on receiving federal funding
- Competition against foreign state-owned enterprises controlling nearly 100% of global uranium enrichment capacity
- Non-binding nature of the MOU
Insights
Centrus' MOU with Korean companies validates its technology and creates pathway for private capital to expand U.S. uranium enrichment capacity.
Centrus Energy's non-binding MOU with KHNP and POSCO International represents a significant strategic development for the company's uranium enrichment ambitions. The agreement offers three key benefits: international validation of Centrus' technology, potential access to foreign investment capital, and expanded volume commitments from KHNP under their February 2025 supply contract.
The increased supply commitment from KHNP, the world's third-largest nuclear plant operator with 26 operating reactors and 4 under construction, demonstrates growing international confidence in Centrus' capability to deliver. However, this commitment remains contingent on federal funding for the Ohio plant expansion, creating execution uncertainty.
This MOU strategically positions Centrus within the broader geopolitical context of U.S.-Korea nuclear cooperation, evidenced by attendance from both countries' high-ranking officials. Korea represents one of the largest potential export markets for U.S. enriched uranium, providing Centrus with access to a significant customer base.
The agreement also opens exploration of cooperation on High-Assay, Low-Enriched Uranium (HALEU) supply for next-generation reactors, including POSCO's High-Temperature Gas Reactor development. This positions Centrus in both current and future nuclear fuel markets.
While promising, investors should note the non-binding nature of the MOU and the critical dependency on securing federal funding to achieve the economies of scale necessary to compete against foreign, state-owned enterprises that currently dominate global uranium enrichment capacity.
Provides Further Validation of and Market Demand for Centrus' Technology
Provides a Framework for Future Private Investments to Support Enrichment Expansion
"We are proud to be strengthening our relationship with our partners in
Centrus and KHNP finalized a supply contract in February 2025 to support construction of new uranium enrichment capacity at Centrus' American Centrifuge Plant in Ohio.聽 The two companies today agreed to a higher supply volume of Low-Enriched Uranium (LEU) under that contract.聽 The entire supply commitment, including the expanded volumes, is contingent upon Centrus receiving the necessary federal funding to build the new LEU production capacity.聽
Centrus is competing for funding from the
Today's MOU, which is non-binding, is aimed at facilitating additional private sector capital to support the potential expansion of Centrus' enrichment capacity in
About Centrus
Centrus Energy is a trusted American supplier of nuclear fuel and services for the nuclear power industry, helping meet the growing need for clean, affordable, carbon-free energy.聽 Since 1998, the Company has provided its utility customers with more than 1,850 reactor years of fuel, which is equivalent to more than 7 billion tons of coal.聽
With world-class technical and engineering capabilities, Centrus is pioneering production of High-Assay, Low-Enriched Uranium and is leading the effort to restore America's uranium enrichment capabilities at scale so that we can meet our clean energy, energy security, and national security needs.聽 Find out more at聽.
Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as "expects", "anticipates", "intends", "plans", "believes", "will", "should", "could", "would" or "may" and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management's current views and assumptions with respect to future events and operational, economic and financial performance. Forward-looking statements are not guarantees of future performance, events or results and involve known and unknown risks, uncertainties and other factors, which may be beyond our control.
For Centrus Energy Corp., particular factors that involve uncertainty and could cause our actual future results to differ materially from those expressed in our forward-looking statements and which are, and may be, exacerbated by any worsening of the global business and economic environment include but are not limited to the following: geopolitical conflicts, including the war in
Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. Readers are urged to carefully review and consider the various disclosures made in this news release and in our filings with the SEC, including our most recent Annual Report on Form 10-K, under Part II, Item 1A - "Risk Factors" in our subsequent Quarterly Reports on Form 10-Q, and in our other filings with the SEC that attempt to advise interested parties of the risks and factors that may affect our business. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.
Contacts:
Media: Dan Leistikow at [email protected]
Investors: Neal Nagarajan at [email protected]听听听
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FAQ
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