to build the only US uranium enrichment plant licensed to produce High-Assay, Low-Enriched Uranium
Centrus supplies separative work units to more than 35 nuclear operators globally
of High-Assay, Low Enriched Uranium is enough to meet your electricity needs for life
The Path to Drawdown: Nuclear Power
Addressing climate change and remaining below 1.5ºC of global warming compared to pre-industrial levels means that the world’s electricity source needs to switch from fossil fuels to 100% emissions-free sources by 2050. Nuclear power needs to be a significant component in the energy mix of that decarbonized future.
Extremely powerful and efficient in generating electricity, nuclear power has reduced CO2 emissions by over 60 gigatonnes over the last five decades -- equivalent to nearly 2 years’ worth of global energy-related emissions. Unlike solar and wind, electric generation from nuclear power is stable. The cost of building new plants is still very high, but once built, the energy is relatively inexpensive. With Generation III reactors on the horizon, nuclear power is becoming safer, cheaper, and more efficient.
Nuclear power accounts for 10.5% of global electricity generation today. To be on a path to remain under 1.5C° of warming, nuclear power needs to grow mildly in the next three decades:
Centrus Energy Corp. (stock ticker: LEU) supplies nuclear fuel and services for the nuclear power industry in the United States, Japan, Belgium, and internationally. They were founded in 1998 and is headquartered in Bethesda, Maryland.
LEU's Role in Drawdown
Centrus sells various components of nuclear fuel, like parts of low-enriched uranium, and the provision of technical solutions to deploy advanced nuclear fuel production capabilities.
The company operates in two segments: Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment sells separative work units (SWU) component of LEU, SWU and uranium components of LEU, and natural uranium for utilities that operate nuclear power plants. Its LEU is a component that is 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.
LEU: What We Like
We'll update this section once Centrus makes sustainability information available.