Centrus Energy unit wins award from DoE for HALEU deconversion

Centrus Energy announced that its subsidiary, American Centrifuge Operating, has won an award from the U.S. Department of Energy to support deployment of technology and equipment to deconvert High-Assay, Low-Enriched Uranium from uranium hexafluoride to uranium oxide and/or uranium metal forms, a key step in the nuclear fuel production process. ACO is one of six awardees being announced today for deconversion, with a minimum contract value of $2M and a maximum value for all awardees of $800M. The ultimate dollar amount associated with this award will depend upon what task orders ACO is subsequently issued and their value.