Centrus Energy Corp. (Stock Symbol – AMEX: LEU) supplies nuclear fuel and services for the nuclear power industry in the United States, Japan, Belgium, and internationally.
Centrus plays a critical role in fueling commercial nuclear reactors supporting U.S. national security, and providing advanced manufacturing and engineering capabilities.
The company operates in two segments, Low-Enriched Uranium (LEU) and Technical Solutions.
The LEU segment sells separative work units (SWU) components of LEU; SWU and uranium components of LEU; and natural uranium for utilities that operate nuclear power plants.
Its LEU is a component used in the production of nuclear fuel for reactors to produce electricity.
The Technical Solutions segment offers technical, manufacturing, engineering, procurement, construction, and operations services to public and private sector customers, including the American Centrifuge engineering and testing activities.
Centrus Energy Corp Stock
Why would diversify your portfolio with Centrus Energy Corp stock benefit you?
LEU is a bet that nuclear power will continue to be used as a reliable, low-carbon baseload source of electricity. Countries around the world are beginning to understand the benefits of changing from fossil fuel based power supply to near zero based atomic energy. The change in political climate and understanding of the benefits to our planet from changing to this “new” baselode power source is growing daily.
Diversification of the power portfolio is critical for ensuring stable and predictable returns and increasing long-term sustainability. LEU’s growth depends on global demand for electricity: more people means more power consumption, and LEU provides that fuel.
Centrus Energy Corp Has Massive Growth Opportunity
Population Growth and Current Unserved Customers
Out of the growing global population of nearly eight billion, there are currently over one billion globally without electricity. Two-thirds live in rural areas, where the cost of building large power plants can be prohibitive.
New Technologies to Meet Increased Demand
Small modular reactors are currently being designed, dropping the cost of implementing new power plants, making them more affordable for communities and countries worldwide.
A combination of LEU from Centrus Energy Corp. and onshore wind turbines will bring safe, reliable energy to these people in only fifteen years. Developing countries need to diversify their power portfolios to include stable baseload sources like nuclear power alongside other sources like hydroelectricity or natural gas generation. Investing in LEU can be part of that strategy.
Centrus Energy Corp is a trusted supplier of nuclear fuel and services for utilities around the world.
Centrus, a world leader in enriched uranium production, is committed to helping meet the growing demand for carbon-free electricity by providing its utility customers with innovative products tailored to their needs.
Centrus has already established itself as the go-to company by having an order book extending beyond 2030; they continue research into how best to meet customer’s requirements while maintaining the reliability of supply sources. Centrus has proven its expertise in uranium handling, nuclear fuel design, and criticality. They are committed to innovation by collaborating with the advanced reactor community to develop next-generation atomic fuel.
Centrus has designed, manufactured, and successfully operated the world’s most advanced gas centrifuge enrichment technology.
U.S. Domestic Supply Security
Restoring America’s capability to enrich uranium with domestic technology is critical in meeting long-term national security requirements. Centrus Energy Corp supplies fuel for the U.S. Navy and providing a source of tritium, which is necessary to maintain the effectiveness of the nuclear deterrence system through the use of U.S. resources instead of foreign ones. Why is this important? Foreign sources might be unavailable when needed most to uphold U.S. treaty obligations and longstanding nonproliferation policies prohibiting it from using any foreign sources whatsoever.
International Partnerships and Diversification
Centrus is a world leader in uranium enrichment centrifuges and other engineering solutions. Centrus has now established partnerships with companies outside of the traditional nuclear fuel business such as aerospace, chemical, energy industries for advanced reactor design and development needs.
Based on their experience developing some of the most advanced uranium enrichment centrifuges available today, Centrus is proud to offer an array of turnkey engineering capabilities. Centrus capabilities include designing power plants through complete manufacturing workup services explicitly tailored to meet each company’s specific project goals.
At their 440,000 square foot Technology & Manufacturing Center in Oak Ridge, Tennessee, their team of scientists and engineers work to transform innovative ideas into proven designs and high-quality products.
The company is well-positioned to support customers and help the nuclear industry grow. They have deep technical expertise, a billion-dollar order book, and long-term supply agreements that will last past 2030!
Low Enriched Uranium & Natural Uranium
Centrus Energy Corp is the world’s most diversified supplier of enriched uranium fuel. Drawing upon their long-term supply agreements with primary producers, purchases from secondary sources, and inventory Centrus has maintained a 60-year record in providing utility customers with assured affordable on-time deliveries.
The nuclear fuel cycle is an exciting and complicated process with long lead times. Centrus collaborates with their strategic partners to offer solutions across the entire spectrum of operations for their utility customers to help them stay competitive while meeting their needs today and tomorrow!
Centrus has structured a portfolio of strategic relationships to meet their nuclear power industry customer’s needs for more responsive fuel procurement. These relationships allow them to manage supply logistics, optimize inventory management, and build supply assurances that assure on-time delivery.
The competitive landscape is more complex and uncertain than ever, which is why Centrus works to make sure its customers have access to all of the secondary sources they need.
The History of Centrus Energy Corp LEU
They were founded in 1998 as the United States Enrichment Corporation (USEC) and changed its name to Centrus Energy Corp in September 2014. The company is headquartered in Bethesda, MD. The company was formed to serve the commercial enrichment marketplace.
Centrus Energy Corporation (CENR) subsidiary, United States Enrichment Corporation (USEC), announced on September 14, 2014, that its Board of Directors approved changing the corporate name from “United States Enrichment Corporation” to “Centrus Energy Corp.” The new name of Centrus Energy was selected to more closely reflect the company’s expanding portfolio of diversified energy businesses. USEC shareholders in the record as of September 17, 2014, received one share of Centrus for every three shares they held in USEC.
Centrus Energy Stock Performance
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