Wedoany.com Report-Sept. 27, Centrus Energy has announced a major expansion of its uranium enrichment facility in Piketon, Ohio, aimed at increasing production of low-enriched uranium (LEU) and high-assay low-enriched uranium (HALEU). The initiative, revealed alongside Ohio Governor Mike DeWine, Senator Jon Husted, Congressman Dave Taylor, JobsOhio, Ohio Southeast Economic Development (OhioSE), and Pike County Economic Development, is expected to create 1,000 construction jobs and 300 permanent operational roles. JobsOhio and OhioSE will support Centrus in recruiting and hiring for these positions.

The scale of the expansion depends on securing federal funding for LEU and HALEU production. Centrus has already raised over $2 billion through convertible note transactions in the past year and secured more than $2 billion in conditional purchase commitments from utility customers in the U.S. and globally. The company is collaborating with Korea Hydro & Nuclear Power and POSCO International for potential investments and has submitted proposals to the U.S. Department of Energy for competitive funding to boost domestic LEU and HALEU production.

“The time has come to restore America’s ability to enrich uranium at scale,” said Centrus CEO Amir Vexler. “We are planning a historic, multi-billion-dollar investment right here in Ohio—supported by a nationwide supply chain to do just that. When it comes to powering our energy future, it’s time to stop relying on foreign, state-owned corporations and start investing in American technology, built by American workers.”

“Centrus’s commitment to expand and upgrade its Piketon facility underscores Ohio’s importance in supporting our nation’s economic and national security,” said Ohio Governor Mike DeWine. “Uranium enrichment operations in Piketon have played a critical role in U.S. national defense since the earliest days of the Cold War, and Centrus’ facility provides the only technology available today capable of building out domestic enrichment at an industrial scale.”

Centrus will manufacture its centrifuges in Oak Ridge, Tennessee, before final assembly and installation in Piketon. The expansion, potentially involving thousands of additional centrifuges, represents a multi-billion-dollar investment, combining public and private funds to enhance production capacity for existing and advanced nuclear reactors. The company has begun hiring to support the project, aiming to strengthen the domestic supply chain and meet growing energy demands.