Centrus Energy Corporation announced Monday that it has signed a $32.3 million contract with UT-Battelle LLC for engineering and testing work on uranium enrichment technology. The contract, a new U.S. Centrifuge Technology Advancement contract, runs through September 30.

UT-Battelle operates Oak Ridge National Laboratory for the U.S. Department of Energy.

Under the terms of the agreement with UT-Battelle, Centrus will continue to perform engineering and testing work to preserve and advance uranium enrichment technology that originates in the United States to support future national security and energy security needs, a press release said.

“We still have critical work to do to advance the nation’s uranium enrichment capability,” said Steve Penrod, vice president of American Centrifuge for Centrus. [Read more…]