On January 20, 2025, Executive Order 14154 was issued, directing all U.S. government executive agencies to pause the distribution of funding appropriated under the Inflation Reduction Act (IRA) for further review. The timing and outcome of this review remain uncertain.
This executive order directly impacts Centrus Energy, as more than $3.4 billion in appropriations, including $700 million from the IRA, have been provided by Congress to jumpstart domestic nuclear fuel production. Centrus is competing for a share of these funds to expand its enrichment capabilities.
The pause introduces uncertainty regarding the availability and timing of crucial federal funding that Centrus is relying on for its potential large-scale expansion of LEU and HALEU production at its Piketon, Ohio facility. Delays in these allocations could affect the company's ability to deploy its American Centrifuge technology at scale.
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