BETHESDA, Md., Aug. 19,
2022 /PRNewswire/ -- Centrus Energy Corp. (NYSE
American: LEU) President and Chief Executive Officer Daniel Poneman made the following statement
about the nuclear energy related investments in the Inflation
Reduction Act signed into law earlier this week:
"The Inflation Reduction Act makes a historic commitment to
combating climate change while restoring America's nuclear
leadership on the world stage. In addition to providing critical
support to our existing fleet of reactors, the new law includes a
$700 million appropriation to help
jump-start domestic production of High-Assay, Low-Enriched Uranium
(HALEU) – an advanced fuel that's needed to power the next
generation of nuclear reactors.
"Establishing the necessary infrastructure to produce and
transport HALEU will take sustained public and private investment
over several years. The $700
million in the new law represents a critical down payment on
this effort.
"In the meantime, with the only U.S. Nuclear Regulatory
Commission license for HALEU production, Centrus is strongly
committed to serving this market and helping to fuel the future of
nuclear energy around the world so that we can achieve our net-zero
climate goals."
About Centrus Energy
Centrus Energy is a trusted supplier of nuclear fuel and
services for the nuclear power industry. Centrus provides value to
its utility customers through the reliability and diversity of its
supply sources – helping them meet the growing need for clean,
affordable, carbon-free electricity. Since 1998, the Company has
provided its utility customers with more than 1,750 reactor years
of fuel, which is equivalent to 7 billion tons of coal. With
world-class technical and engineering capabilities, Centrus is also
advancing the next generation of centrifuge technologies so that
America can restore its domestic uranium enrichment capability in
the future. Find out more at www.centrusenergy.com.
Forward Looking Statements:
This press release may contain statements that constitute
forward-looking statements within the meaning of Section 21E of the
Securities Exchange Act of 1934. Forward-looking statements by
their nature address matters that are, to different degrees,
uncertain. Accordingly, forward-looking statements should not be
relied upon as a predictor of actual results. Readers are urged to
carefully review and consider this press release and Centrus Energy
Corp.'s other filings with the Securities and Exchange Commission,
including our Annual Report on Form 10-K for the year ended
December 31, 2021. We do not
undertake to update our forward-looking statements to reflect
events or circumstances that may arise after the date of this press
release, except as required by law.
Contact
Lindsey Geisler (301) 564-3392 or
GeislerLR@centrusenergy.com
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SOURCE Centrus Energy Corp.