# Who are Centrus Energy's customers? Who does Centrus Energy earn revenue from?
Canonical: https://valuechain.wiki/centrus-energy · Facet: customers · Updated: 2026-07-12T04:19:32.885+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Centrus Energy discloses no named confirmed revenue counterparties; 4 relationships are tracked as undisclosed/aggregate. Per the valuechain.wiki graph: 4 revenue edges, backed by 9 dated sources, 1 of them primary filings (as of 2026-07-12).

### 미 에너지부 (DOE, HALEU 생산 계약) (high)
- note: Core of Technical Solutions revenue. HALEU Operation Contract base value ~$150.0M, Phase 2 value increased to $170.1M as of end-2025. In Jan 2026 the DOE selected Centrus (ACO) for a $900.0M task order to expand Piketon to commercial scale.
- [confirms] TipRanks (EN, news, published 2026-07-01) https://www.tipranks.com/news/company-announcements/centrus-energy-secures-major-haleu-enrichment-contract: "Centrus secured a $900 million HALEU enrichment contract with the DOE; including options, total contract value reaches ~$1.07 billion."
- [confirms] U.S. SEC (EN, filing, published 2026-02-11) https://www.sec.gov/Archives/edgar/data/1065059/000162828026007117/leu-20251231.htm: "On January 5, 2026, the DOE announced that ACO was selected for an award of a $900.0 million task order to expand its uranium enrichment facility in Piketon, Ohio, to include commercial-scale production of HALEU."
- [confirms] POWER Magazine (EN, news, published 2025-06-25) https://www.powermag.com/centrus-completes-900-kg-haleu-delivery-to-doe-in-u-s-nuclear-fuel-enrichment-milestone/: "900kg HALEU delivered to DOE (Phase 2 target met)."
- [confirms] PR Newswire (Centrus) (EN, ir, published 2025-06-17) https://www.prnewswire.com/news-releases/centrus-energy-secures-contract-extension-from-department-of-energy-to-continue-haleu-production-302486995.html: "DOE extended the HALEU contract; Option 1a target cost ~$99.3M."

### 상업 원전 운영 유틸리티 (LEU·SWU 고객) (high)
- note: LEU segment's main customers are domestic and international nuclear utilities. In 2025 the ten largest nuclear-fuel customers were ~77% of total revenue and the two largest ~31% (high concentration). Average SWU order ~$10.2M. LEU backlog ~$2.9bn through 2040.
- [confirms] U.S. SEC (EN, filing, published 2026-02-11) https://www.sec.gov/Archives/edgar/data/1065059/000162828026007117/leu-20251231.htm: "Revenue from Customers A, B, C, and D represented approximately 16%, 15%, 13%, and 11%, respectively, of total revenue for the year ended December 31, 2025."
- [mentions] Mirae Asset Securities (KO, report, published 2025-12-15) https://securities.miraeasset.com/bbs/download/2141596.pdf?attachmentId=2141596: "Mirae Asset describes Centrus as the only HALEU producer in the US, highlighting the LEU segment backlog and long-term utility contracts."

### 한국수력원자력 (KHNP, LEU 공급계약) (high)
- note: In Nov 2025 Centrus disclosed a 10-year LEU supply arrangement with Korea Hydro & Nuclear Power (KHNP), ~$1.8bn (about KRW 2.4tn) in orders, to be supplied from a new US centrifuge plant slated for construction. An example of US enriched uranium supplied to an Asian utility.
- [mentions] Korea Economic Daily (KO, news, published 2025-11-27) https://www.hankyung.com/article/2025112702581: "Korea Economic Daily reported Centrus as effectively monopolizing US reactor-grade uranium production."
- [confirms] The Guru (KO, news, published 2025-11-27) https://theguru.co.kr/news/article.html?no=77405: "KHNP and Centrus signed a 10-year LEU supply contract; Centrus disclosed it received orders totaling ~$1.8 billion, to be supplied from a new US centrifuge plant nearing construction."

### SMR·첨단 원자로 개발사 (HALEU 연료) (mid)
- note: Many advanced reactor and fuel designs require HALEU, and the supply shortage is the biggest obstacle to their commercialization. Centrus is the only US firm licensed by the NRC to enrich up to 20%, positioned to fill a critical bottleneck for next-gen reactor deployment. (No commercial HALEU revenue booked as of FY2025; DOE owns the demonstration output.)
- [mentions] MarketBeat (EN, news, published 2026-07-09) https://www.marketbeat.com/stocks/NYSE/LEU/forecast/: "Per MarketBeat, LEU carries a consensus Hold across 12 analysts with an average price target of $255.45 (high $390, low $170), reflecting wide disagreement between HALEU expansion upside and execution risk."
- [confirms] U.S. SEC (EN, filing, published 2026-02-11) https://www.sec.gov/Archives/edgar/data/1065059/000162828026007117/leu-20251231.htm: "HALEU is a high-performance nuclear fuel component that will be required by a number of advanced reactor and fuel designs that are now under development... As the only company with a license from the NRC actively enriching up to 20% U235 assay HALEU and that is operating a small scaled HALEU production facility, Centrus is uniquely positioned to fill a critical gap in the supply chain and facilitate the deployment of these promising next-generation reactors."
- [mentions] Introl (EN, analysis, published 2025-12-01) https://introl.com/blog/nuclear-power-ai-data-centers-microsoft-google-amazon-2025: "SMR pipeline 25 to 45GW; HALEU the enabling fuel."

Reverse side: https://valuechain.wiki/centrus-energy/suppliers.md · Ripple: https://valuechain.wiki/centrus-energy/ripple.md

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