X-energy Contracts with Centrus to Support Advanced Nuclear Fuel Fabrication Facility Work
28 Março 2018 - 7:58AM
Business Wire
Centrus Energy Corp. (NYSE American: LEU), an experienced
nuclear fuel technology company, has signed a services contract
with X Energy, LLC (X-energy) to support the design of a facility
to produce advanced nuclear fuel. The contract builds upon a
memorandum of understanding the companies signed in September 2017
to collaborate toward production of fuel for advanced nuclear
reactors.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20180328005516/en/
Under the agreement, Centrus will provide X-energy, a pioneering
reactor technology and fuel company, with technical expertise and
resources to support conceptual design of a facility to produce
X-energy’s uranium oxycarbide (UCO) tristructural isotropic (TRISO)
fuel forms. This effort includes nuclear criticality safety
analysis, manufacturing equipment layout and infrastructure design,
and conceptual development of fuel form transport packages. Centrus
will also provide facility space to X-energy at Centrus’ Technology
and Manufacturing Center in Oak Ridge, Tenn. TRISO fuel forms can
meet the requirements for the X-energy Xe-100 high temperature gas
cooled reactor, as well as for other advanced nuclear reactor
technologies being developed around the world.
The services contract supports the companies’ previously
announced joint effort to prepare a deployment plan for X-energy’s
TRISO fuel technology; design a cost-effective, highly automated
fuel manufacturing process line; and seek funding for a future
commercial fuel production facility. With a view towards the
potential formation of a joint entity to perform these activities,
on March 26, 2018, the companies also entered into an additional
Memorandum of Understanding, which defines each party’s relative
contributions to be considered in the formation of such an
entity.
“Establishment of a U.S. domestic capability to produce
qualified, high assay low enriched uranium-based fuel forms has
become urgent,” states Harlan Bowers, X-energy President. “Advanced
reactor companies must have a reliable fuel source within the next
six years to enable first-of-a-kind deployment by the mid-to
late-2020s. Through partnership with Centrus, we intend to have our
TRISO-X Fuel Fabrication Facility constructed and producing fuel
before 2025.”
“Our work with X-energy will build the foundation for deploying
an American fuel source for advanced reactors,” said Daniel
Poneman, president and CEO of Centrus. “By performing their fuel
work in our Oak Ridge Technology and Manufacturing Center, X-energy
will be able to leverage our specialized workforce, equipment, and
facilities to enhance their competitive advantage in the rapidly
evolving advanced reactor market.”
About X-energy
X-energy is an advanced nuclear reactor design and TRISO-based
fuel fabrication company. X-energy is developing an innovative
nuclear power plant design solution. The Xe-100 is a 200MWt (76MWe)
high temperature gas-cooled pebble bed modular reactor that
requires less time to construct, uses factory-produced components,
cannot melt down, and is "walk-away" safe without operator
intervention. In concert with Xe-100 design, X-energy is actively
producing TRISO-based fuel forms and will implement pilot scale
manufacturing capacities starting in 2018. Reactor and fuel
activities are supported by $34M in private investment and a
five-year $53M U.S. Department of Energy Advanced Reactor Concept
Cooperative Agreement award. Twitter: @xenergynuclear; Facebook:
facebook.com/xenergynuclear; www.x-energy.com
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 news release contains “forward-looking statements” within
the meaning of Section 21E of the Securities Exchange Act of 1934 -
that is, statements related to future events. In this context,
forward-looking statements may address our expected future business
and financial performance, and often contain words such as
“expects”, “anticipates”, “intends”, “plans”, “believes”, “will”,
“should”, “could”, “would” or “may” and other words of similar
meaning. Forward-looking statements by their nature address matters
that are, to different degrees, uncertain. For Centrus Energy
Corp., particular risks and uncertainties that could cause our
actual future results to differ materially from those expressed in
our forward-looking statements include risks: the continued impact
of the March 2011 earthquake and tsunami in Japan on the nuclear
industry and on our business, results of operations and prospects;
the impact and potential extended duration of the current
supply/demand imbalance in the market for low-enriched uranium;
pricing trends and demand in the uranium and enrichment markets and
their impact on our profitability; risks associated with our
reliance on third-party suppliers to provide essential services to
us; risks related to actions that may be taken by the U.S.
government, the Russian government or other governments that could
affect our ability or the ability of our sources of supply to
perform under their contract obligations to us, including the
imposition of sanctions, restrictions or other requirements; the
impact of government regulation including by the U.S. Department of
Energy and the U.S. Nuclear Regulatory Commission; potential
strategic transactions, which could be difficult to implement,
disrupt our business or change our business profile significantly;
the competitive environment for our products and services; changes
in the nuclear energy industry; the impact of financial market
conditions on our business, liquidity, prospects, pension assets
and insurance facilities; revenue and operating results can
fluctuate significantly from quarter to quarter, and in some cases,
year to year; and other risks and uncertainties discussed in this
and our other filings with the Securities and Exchange Commission ,
including our Annual Report on Form 10-K for the year ended
December 31, 2017. We do not undertake to update our
forward-looking statements except as required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180328005516/en/
X-energyMelanie White Lyons,
301-363-2839mlyons@x-energy.comorCentrusJeremy Derryberry,
301-564-3392derryj@centrusenergy.com
Centrus Energy (AMEX:LEU)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Centrus Energy (AMEX:LEU)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024