Overview
- Centrus will invest more than $560 million to convert its Oak Ridge, Tennessee facility into a high‑rate manufacturing plant for advanced centrifuges, creating nearly 430 jobs in Anderson County.
- The state announcement envisions production of thousands of centrifuges, positioning the site to support U.S. commercial and national security fuel supply needs.
- The first centrifuges from the expanded Tennessee operation are slated for deployment at Centrus’s Ohio enrichment site starting in 2029.
- The Department of Energy awarded Centrus $900 million on Jan. 8 to help rebuild domestic enrichment capacity, reinforcing the company’s HALEU ramp.
- Analysts raised price targets after the DOE award, with Northland to $325 and Roth to $125, citing a faster path to market and reduced funding risk.