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Ted Alnervig

Research Analyst at Citigroup

Ted Alnervig's questions to CENTRUS ENERGY (LEU) leadership

Question · Q4 2025

Ted Alnervig inquired whether Centrus Energy's 12 metric tons HALEU production target includes both market demand and DOE task orders, and what this quantity means for the industry's ability to satisfy initial advanced reactor requirements.

Answer

Amir Vexler, President and CEO, clarified that the DOE program's intent was to stimulate the market, and OEMs are now engaging for the available capacity. He stated that the 12 metric tons is a good kickoff and starting point, and Centrus intends to expand its plants if needed, based on customer commitments for both LEU and HALEU. He emphasized the goal to maximize facility capacity to serve both commercial and national security needs.

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