Note: This story was updated at 3:15 p.m.

A contract between two companies that have operations or employees in Oak Ridge will support continued work on the production of fuel for advanced nuclear reactors, possibly within six years or so.

The two companies, Centrus Energy Corp. and X Energy LLC, announced the services contract in a press release on Wednesday.

The companies had announced in September that they were exploring a collaboration for the possible production of fuel for advanced nuclear reactors, and they had signed a memorandum of understanding for the potential collaboration.

They said then that they were working toward the development of a fuel fabrication facility that could possibly be in Oak Ridge, where Centrus, formerly known as USEC, has had operations for about 15 years. Oak Ridge could be a nexus for the advanced reactor industry in the United States, one official said at the time. It’s not clear yet how large the fuel fabrication facility would be or what the total investment might be.

In the Wednesday press release, the two companies said the services contract announced this month builds upon the September memorandum of understanding.

“This contract is the initial implementation of that agreement,” said Jeremy Derryberry, Centrus senior communications manager. “Our team in Oak Ridge will be working with X-energy on this project.” [Read more…]