LEU News & Events

Connecticut Governor Ned Lamont announced that the governors of all six New England states have issued a joint statement outlining their regional commitment to exploring advanced nuclear energy technologies "while continuing to support the safe, affordable, and reliable operation of the region's existing nuclear facilities." The statement outlines two key next steps. First, the governors are directing their respective state energy offices to explore opportunities to ensure the continued safe, affordable, and reliable operation of the region's existing nuclear generation facilities in coordination with ISO New England, the facilities' owners, federal agencies, and other state and regional stakeholders. Second, the governors are directing state energy agencies to take steps to explore deployment of advanced nuclear generation in states and communities that express a willingness to host such resources. This includes exploring innovative financing structures, federal funding and financial support opportunities, public-private partnerships, and regulatory designs for advanced nuclear energy that will protect consumers, help meet the region's energy needs, and enable New England to capture job growth and economic development opportunities from the deployment of new nuclear technologies with advanced safety systems. Of note, electricity consumption in New England is expected to increase more than 40% over the next 20 years, according to ISO New England. Demand for electricity in the winter is expected to grow fastest. ISO New England's latest forecast shows that winter peak demand is projected to double by 2045.

Palantir (PLTR) and Centrus Energy (LEU), announced a partnership that will apply Palantir's AI-driven software tools in support of Centrus' multi-billion-dollar expansion of its uranium enrichment capacity. The partnership will be featured later at AIPCon 9. "Centrus has developed and proven America's most advanced uranium enrichment technology, and this expansion marks the moment when we scale it for commercial deployment. By integrating Palantir's powerful tools and proven techniques into our manufacturing we are positioned to meet and exceed all operational excellence goals," said Centrus President and CEO Amir Vexler. "The nearly $300 million in savings we have identified to date are only the beginning. This partnership builds on our recently announced EPC partnership with Fluor and demonstrates Centrus' day-one commitment to bring in lead times and reduce unit costs for this project. It strengthens our ability to deliver a reliable, American-owned source of enriched uranium to support the nation's energy security and the next generation of advanced reactors."

Oklo (OKLO) and Centrus Energy (LEU) announced that the companies have agreed to pursue discussions regarding a joint venture focused on deconversion services for high-assay low-enriched uranium and the advancement of related fuel-cycle technologies and supply chains. Activities under this joint venture would occur at Centrus' Piketon site in Pike County, southern Ohio, co-located with Centrus' enrichment operations and adjacent to Oklo's planned 1.2 GW power campus. The parties plan to explore opportunities for potential coordination of regulatory and R&D activities, including joint engagement with U.S. federal agencies to propose solutions that support co-location of deconversion and enrichment services. The collaboration is also expected to include engagement with federal, state, and local initiatives to support the siting of deconversion services in Pike County, in line with broader efforts to strengthen the U.S. nuclear fuel-cycle infrastructure.