Centrus Sees Strong Growth in Nuclear Fuel Sales

Source: World Nuclear News | May 17, 2021

US nuclear fuel and services provider Centrus Energy Corporation announced it has secured new nuclear fuel sales contracts and commitments valued at about USD225 million over the past 12 months. This, the company said, was the strongest period for new sales since 2015.

The company’s revenues come from multi-year contracts with major utilities, often signed years in advance. The new sales contracts and commitments cover deliveries in North America, Asia, and Europe from 2021 through to 2027, with revenues to be recognised in the year of delivery.

The USD225 million total includes the more than USD100 million in contracts and commitments secured between November 2020 and the end of January 2021 that were disclosed in the Centrus’ Annual Report for the year ended 31 December 2020. In its 2020 Annual Report, Centrus said its order book of sales under contract in the low-enriched uranium (LEU) segment extends to 2030. As of 31 December, its order book was about USD960 million.

“The last 12 months has been the strongest period for new sales since 2015, with prices rising again and utilities coming back into the market to make multi-year orders,” said Centrus President and CEO Daniel Poneman. “With these new sales, we’re adding value into our long-term order book, broadening our customer base and strengthening our position as a trusted global nuclear fuel supplier.”

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