Centrus Energy Expands Piketon Uranium Facility with $1B+ Investment
Event summary
- Centrus Energy (NYSE: LEU) is expanding its Piketon uranium enrichment facility with a multi-billion-dollar investment, announced in September 2025.
- The expansion is expected to create 1,000 construction jobs and 300 new operating jobs, while retaining 150 existing jobs.
- Ohio Governor Mike DeWine and other state, federal, and community leaders visited the facility on August 24, 2026.
- Centrus is pioneering the production of High-Assay, Low-Enriched Uranium (HALEU) to restore U.S. uranium enrichment capabilities.
The big picture
Centrus Energy's expansion of its Piketon facility underscores Ohio's growing role in strengthening U.S. energy security and rebuilding the domestic nuclear fuel supply chain. The investment reflects a broader trend of collaboration among government, industry, and local communities to position the state at the center of efforts to secure America's energy future. With a focus on HALEU production, Centrus is playing a critical role in meeting clean energy, energy security, and national security needs.
What we're watching
- Government Demand
- Whether U.S. government demand for HALEU or LEU will materialize and at what level.
- Market Competition
- How Centrus will compete with major LEU producers, including foreign competitors.
- Execution Risk
- The pace at which Centrus can successfully implement its planned expansion projects.