Centrus partners with Palantir for uranium enrichment expansion

Centrus Energy Corp. (NYSE: LEU) announced a partnership with Palantir Technologies Inc. (NASDAQ: PLTR) to apply artificial intelligence-driven software tools to support Centrus' expansion of uranium enrichment capacity in Piketon, Ohio.

The companies stated they have identified nearly $300 million in potential cost savings since the partnership began in late January. Centrus plans to use Palantir's Foundry and Artificial Intelligence Platform to optimize project controls, engineering, manufacturing execution, supply chain management, and regulatory compliance across classified and unclassified environments.

Centrus describes itself as the only U.S.-owned company currently enriching uranium and is expanding its commercial-scale uranium enrichment plant in Ohio. The company stated the expansion aims to reduce America's dependence on foreign enterprises that control nearly 100 percent of global uranium enrichment capacity.

"The nearly $300 million in savings we have identified to date are only the beginning," said Centrus President and CEO Amir Vexler. "This partnership builds on our recently announced EPC partnership with Fluor and demonstrates Centrus' day-one commitment to bring in lead times and reduce unit costs for this project."

Palantir Industrials EVPs Joanna Peller and Tom McArdle said the partnership would enable accelerated production timelines and optimized decision-making across Centrus' value chain through a unified system connecting the company's nuclear manufacturing operations.

The partnership will be featured at AIPCon 9, an event showcasing Palantir's AI-driven software solutions. Centrus has provided utility customers with more than 1,850 reactor years of fuel since 1998, according to the company's statement.

You May Also Be Interested In

• Apple suing OpenAI over alleged misappropriation of trade secrets
• NSA sets July 22 closing for Public Storage acquisition
• Axon adds two independent directors to its board