Advanced Nuclear Fuel Market Emerging as US Sets First Delivery

Centrus Energy Corp.'s facility in Ohio is large enough to house 11,000 centrifuges, the machines that create nuclear fuel. Right now, there are just 16 spinning away to produce a type of next-generation enriched uranium. But the remaining space could eventually be filled with many more.

Rising interest in nuclear energy from both the Trump administration and consumers — notably power-hungry tech companies trying to compete in artificial intelligence — is spurring dozens of companies in the US to develop innovative, advanced reactor designs.

Many of those prototypes will require Haleu, or high-assay low-enriched uranium, and that’s where Centrus comes ...