Signing CEOs: Centrus’s Daniel Poneman, left, and Lightbridge’s Seth Grae. (Photo: Lightbridge/X)

Nuclear fuel companies Lightbridge Corporation and Centrus Energy have announced a contract to conduct a front-end engineering and design (FEED) study to add a dedicated Lightbridge Pilot Fuel Fabrication Facility (LPFFF) at Centrus’s American Centrifuge Plant in Piketon, Ohio.

Lightbridge chief executive officer Seth Grae and Centrus CEO Daniel Poneman inked the agreement yesterday at the COP28 conference, currently underway in the United Arab Emirates.

The FEED study, according to the joint announcement, will identify infrastructure and licensing requirements as well as the estimated cost and construction schedule for the LPFFF. Centrus’s wholly owned subsidiary, American Centrifuge Operating, will lead the study, which is expected to be completed sometime next year.

The Nuclear Regulatory Commission staff will hold a hybrid public meeting on September 7 to discuss the agency’s licensing and oversight of Centrus/American Centrifuge Operating’s American Centrifuge Plant, in Piketon, Ohio. The discussion will focus primarily on the company’s enrichment of high-assay low-enriched uranium, or HALEU.

Centrus Energy announced February 9 that it has finished assembling a cascade of uranium enrichment centrifuges and most of the associated support systems ahead of its contracted demonstration of high-assay low-enriched uranium (HALEU) production by the end of 2023. When the 16-machine cascade begins operating inside the Piketon, Ohio, American Centrifuge Plant, which has room for 11,520 machines, it will be the first new U.S.-technology based enrichment plant to begin production in 70 years.