Company Overview

Centrus Energy Corp. is a U.S.-based nuclear fuel company focused on the supply of enriched uranium for commercial nuclear power plants and advanced nuclear reactors. The company operates within the nuclear energy and nuclear fuel cycle industries, providing enrichment services, fuel products, and technical expertise primarily to utilities and government entities. Centrus is publicly traded on the NYSE under the ticker LEU and is one of the few U.S.-headquartered companies with licensed uranium enrichment technology.

The company’s core revenue drivers include sales of low-enriched uranium (LEU) to commercial nuclear utilities and the development and demonstration of high-assay low-enriched uranium (HALEU) for next-generation reactors. Centrus serves domestic and international customers, with a strategic focus on supporting U.S. energy security and reducing reliance on foreign enrichment sources. The company traces its origins to the U.S. government’s uranium enrichment enterprise and has evolved through privatization, restructuring, and refocusing on advanced nuclear fuel technologies.

Business Operations

Centrus conducts its operations primarily through two business segments: LEU and Technical Solutions. The LEU segment encompasses the sale of enriched uranium fuel to nuclear power reactors, with enrichment services sourced through long-term supply arrangements and spot market purchases. This segment represents the majority of company revenue and includes activities related to procurement, contracting, and delivery of nuclear fuel products.

The Technical Solutions segment provides engineering, manufacturing, and consulting services related to the nuclear fuel cycle. This includes centrifuge technology development, nuclear materials handling, and government-funded research and demonstration projects. A key operating subsidiary is American Centrifuge Operating, LLC, which owns and deploys U.S.-origin gas centrifuge technology. Centrus also operates through Centrus Energy Services, Inc., which manages commercial fuel contracts and technical service offerings. Operations span both domestic facilities and international commercial engagements.

Strategic Position & Investments

Centrus’s strategic direction centers on establishing a domestic U.S. capability to produce HALEU, a critical fuel for advanced and small modular reactors under development. The company has made significant investments in deploying and demonstrating its American Centrifuge technology, including work performed under contracts with the U.S. Department of Energy to support national energy and security objectives.

The company has not pursued large-scale acquisitions in recent years, instead prioritizing targeted capital investments in enrichment technology, manufacturing readiness, and regulatory licensing. Centrus positions itself as a strategic supplier to emerging nuclear technologies, leveraging its intellectual property, licensed enrichment technology, and long-standing industry relationships. Its role in the advanced reactor supply chain is a defining element of its long-term growth strategy.

Geographic Footprint

Centrus Energy Corp. is headquartered in Bethesda, Maryland, with operational and technical activities primarily located in the United States. Key facilities include centrifuge technology and demonstration operations in Ohio, reflecting the company’s historical and ongoing presence in the U.S. nuclear manufacturing base.

Internationally, Centrus maintains a commercial footprint through fuel supply contracts and customer relationships in Europe and other global nuclear markets. While most physical assets are U.S.-based, the company’s market influence extends across multiple continents through its role in the global nuclear fuel supply chain and participation in international nuclear energy initiatives.

Leadership & Governance

Centrus is led by an executive team with deep experience in nuclear energy, engineering, and government-regulated industries. The leadership emphasizes operational discipline, regulatory compliance, and alignment with U.S. national energy and security priorities, particularly in the development of domestic nuclear fuel capabilities.

Key executives include:

• Amir Vexler – President and Chief Executive Officer
• John M. A. Howell – Chief Financial Officer
• Daniel B. Leistikow – Senior Vice President, Corporate Communications
• Frank A. Penta – Senior Vice President, Sales and Marketing
• Leigh Ann Pusey – Senior Vice President, Technical Solutions

The board of directors and executive leadership oversee corporate governance, strategic planning, and risk management, with a stated focus on long-term value creation and strengthening the U.S. nuclear fuel infrastructure.