Centrus Energy Corp.

When you hear people say that nuclear is the most reliable source of electricity, that’s not just boosterism. There is actual data to back it up. The U.S. Energy Information Administration reports on something called “capacity factor.” That’s a measure of how much electricity a power plant generates in a given month or year relative to its capacity — in other words, what percentage of the time was it delivering power to the grid. So far this year, U.S. nuclear plants have had an average capacity factor of more than 92%. Almost 98% in June. In contrast, fossil fuel plants operate around 40-60% of the time. Wind turbines produce electricity about 35% of the time and solar panels around a quarter of the time. That doesn’t mean renewables are bad, it just means they are intermittent. To decarbonize and keep a reliable, affordable power grid, we need renewables to be coupled with 24-7-365 emissions free power from nuclear. https://lnkd.in/eKUnFhy8

As Staffan Reveman correctly points out, Germany has made a rapid, unfortunate transition from a net exporter of electricity to a net importer. What changed? Germany shut down its nuclear reactors. So far this year, Germany has had to import 20 TWh of electricity. Ironically, much of that electricity came from French nuclear reactors. The 30+ reactors Germany shut down since 2010 once produced more than 150 TWh per year. https://lnkd.in/e9wx2aq4

“Dawn has been with the company for 16 years and is an essential member of the Security Team. Her previous work with security brings long standing knowledge and experience to the Protective Personnel team to provide support to maintain compliance with our NRC regulations and requirements and to set an example of high standards. Dawn has an infectious energy, selfless attitude, dedication, and professionalism that is undeniable. Her warm and cheerful greetings are a welcomed sight. Dawn has a true passion for success for not only the Protective Personnel, but for Centrus as well.” Angela Wright – Centrifuge Security Manager

Repowering coal plants with small modular reactors is a huge opportunity for advanced nuclear. Retired coal plants have access to high-capacity power lines, an experienced workforce of electrical workers and plant operators, and other on-site infrastructure that can be repurposed. In many cases, the turbines that produce electricity from steam could be reused as well, with a reactor providing the steam instead of a coal-fired boiler. This would enable faster deployments at lower cost, bring good-paying jobs to coal country and enable the transition to clean energy. As seen in the post below, Terrestrial Energy is one of a number of innovative companies that are actively pursuing this opportunity. They have a great explainer on their website -- check it out: https://lnkd.in/e8C23N8P Terrestrial Energy

What is #HALEU and why does it matter to the future of #CleanEnergy? Here's a great infographic from U.S. Department of Energy (DOE). At Centrus, we're proud to be pioneering production of this critical, next generation nuclear fuel.

Agreed - Centrus is thrilled have Ray Rothrock as a new board member. Ray is an experienced leader who knows what it takes to commercialize innovative technologies. His deep knowledge of business and finance coupled with a background in nuclear are a huge asset for us. Thanks NACD Northern California Chapter!

Great piece of history below. The Atomic Energy Act of 1954 signed 70 years ago today came in the context of President Eisenhower’s Atoms for Peace initiative, which recognized the importance of harnessing the power of the atom for civilian purposes while also imposing strict safeguards to limit the spread of nuclear weapons. The U.S. government’s uranium enrichment plants built during the Cold War were a critical part of this effort. The United States made fuel available to other countries in exchange for them committing not to divert the material to military use. One of the enduring lessons of Atoms for Peace is that nuclear exports are a key source of influence for the United States because they enable us to set and enforce peaceful use restrictions. We need to restore America’s domestic uranium enrichment capabilities so that the United States can be a major global fuel supplier again. At Centrus, we’re committed to doing just that. Read more from U.S. Nuclear Regulatory Commission below:

A huge week for #carbonfree #nuclear so far -- and it’s only Thursday! Here’s just a sampling of the progress in just the last few days: The Swiss government is pushing to overturn a ban on building new nuclear reactors: https://lnkd.in/eyRr7Rdm Poland announced a $1.2 billion investment in its first nuclear power plant: https://lnkd.in/et_RV8_K The Wall Street Journal reported on a plan to reopen the Palisades plant in Michigan: https://lnkd.in/g_N3w5EK Reactor developer Last Energy closed on another round of venture capital funding: https://lnkd.in/eyqDyGZZ Japanese Prime Minister Fumio Kishida announced a new push to restart reactors at the Kashiwazaki-Kariwa Nuclear Power Plant: https://lnkd.in/ezR2BPeW The U.S. Nuclear Regulatory Commission approved 20-year reactor life extensions for the North Anna Power Station in Virginia. https://lnkd.in/eJ9TFR-D Great to see such momentum for our industry.  

Stunning: The two charts in the short clip below show how U.S. leadership in nuclear fuel has collapsed in recent decades. America has gone from being the world’s largest producer and exporter of enriched uranium to the world’s largest importer — and has lost the ability to enrich uranium for critical national security missions. Centrus is proud to be leading the effort to reverse this decline and restore a robust, U.S.-technology uranium enrichment capacity. We took a first step in late 2023 when we launched first-of-kind production of High-Assay, Low-Enriched Uranium (HALEU) at our plant in Ohio. Our goal is to scale up the facility to meet the full range of America’s commercial and national security requirements for enriched uranium. Doing so will require a strong public private partnership. With sufficient federal and private investment, coupled with purchase commitments from customers, we can reclaim American leadership in nuclear fuel production.

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