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Centrus, Radiant Sign Multiyear HALEU Deal for Kaleidos Microreactors

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Centrus Energy (LEU) and nuclear reactor developer Radiant have signed a multi-year agreement to supply US-produced high-assay low-enriched uranium to fuel multiple Radiant Kaleidos microreactors, the companies said Wednesday.

Under the agreement, Centrus will begin deliveries before the end of the decade, providing Radiant with another domestic source of HALEU as it moves toward commercial and national security deployments of its transportable microreactors.

The deal also includes prepayments from Radiant to Centrus to support the US firm's plans to expand domestic commercial enrichment capacity.

The agreement adds Radiant to Centrus' growing customer backlog for HALEU, a type of uranium enriched to between 5% and 20% uranium-235, which many advanced nuclear reactor designs are expected to require.

Radiant's Kaleidos microreactors are designed to be transportable and provide power to remote locations, data centers, defense facilities and industrial sites.

Centrus said the HALEU supplied under the agreement will be "unobligated," meaning the material can be used for national security applications. Its AC100 centrifuge is the only deployment-ready US-origin enrichment technology currently available for unobligated enrichment.

The energy firm has supplied utility customers with fuel equivalent to more than 1,850 reactor years since 1998.

Price: $185.51, Change: $-0.03, Percent Change: -0.01%

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