Centrus Energy signed a Memorandum of Understanding (MOU) with Korea Hydro & Nuclear Power (KHNP) and POSCO International on August 25, 2025. The MOU explores potential investment to support the expansion of Centrus's uranium enrichment plant in Piketon, Ohio.
Under the agreement, Centrus and KHNP also agreed to increase the supply volume of enriched uranium under their existing contract, which was finalized in February 2025. This expanded supply commitment is contingent upon Centrus receiving the necessary federal funding to build new LEU production capacity.
The non-binding MOU aims to facilitate additional private sector capital to support the Ohio enrichment capacity expansion. It also calls for exploring further cooperation, including additional supply agreements for both LEU and High-Assay, Low-Enriched Uranium (HALEU) for next-generation reactors, reinforcing international demand for Centrus's domestic capabilities.
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