Centrus Plans $1.58B Uranium Plant Expansion in Ohio

Centrus Energy announced a multi-billion-dollar expansion of its uranium enrichment plant at the former Portsmouth site in Piketon, Ohio, saying the project would involve at least $1.58 billion in investment and boost production of Low‑Enriched Uranium (LEU) and High‑Assay LEU (HALEU). The company expects about 1,000 construction jobs and 300 new operations jobs while retaining roughly 127 existing positions, with JobsOhio and OhioSE assisting recruitment. Centrus said the ultimate size and scope depend on U.S. Department of Energy funding decisions and that the expansion will support domestic centrifuge manufacturing in Tennessee and a broader domestic supply chain. The company has raised over $1.2 billion through convertible notes and secured more than $2 billion in contingent purchase commitments from utility customers. Centrus framed the project as a national‑security priority to restore U.S. uranium enrichment at scale and cited potential partners including Korea Hydro & Nuclear Power and POSCO International.