Centrus Energy is a United States-based company that specializes in the production of nuclear fuel and related services. The company is headquartered in Bethesda, Maryland. Established in 1998 as the United States Enrichment Corporation (USEC), Centrus Energy was initially formed as a government corporation to operate the country's only uranium enrichment facility.

Over time, the company evolved and in 2014, it changed its name to Centrus Energy Corp. The company subsequently expanded its focus beyond enrichment and became a supplier of nuclear fuel and services to utility customers worldwide. Centrus Energy primarily offers uranium enrichment services, which involve the process of enriching uranium to increase its concentration of the U-235 isotope, necessary for fueling commercial nuclear energy reactors.

Additionally, Centrus Energy supplies nuclear fuel, provides engineering and technical services, and offers related consulting and support services. On a global scale, Centrus Energy operates as a supplier of nuclear fuel and services to utilities and other customers in the United States, Europe, Asia, and other regions. The company has numerous noteworthy subsidiaries and joint ventures, including American Centrifuge Operating, LLC, a joint venture with UT-Battelle, and United States Enrichment Corporation, a subsidiary with a storied history in the U.

S. In terms of market position, Centrus Energy is a leading player in the global nuclear fuel market, with a strong presence in the United States. The company has longstanding customer relationships and has been successful in securing contracts for its enrichment services and fuel supply.

It faces competition from other major players in the nuclear fuel industry, such as URENCO, Russia's TENEX, and ConverDyn. In recent years, Centrus Energy has made significant strides in diversifying its product offerings and expanding its customer base. The company has focused on advancing the American Centrifuge technology, a more efficient method of uranium enrichment.

This technology is, however, still in the research and development phase. Currently, Centrus Energy continues to operate and serve its customers in the nuclear fuel industry. The latest available information suggests that the company is working on its research and development efforts and engaging in partnerships to further advance its technology