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the key nuclear fuel is expanding domestic enrichment capacities, and so are other major Western firms. But until the new plants come online early next decade, the U.S. could face a supply gap in the fuel, Amir Vexler, chief executive at Centrus Energy, says.Supply Crunch?“It is my strong belief that there is a gap between supply and demand for the existing market — just the operating reactors that we have now,” Vexler told the Financial Times.“I feel the market is strained and will continue to be strained until large amounts of new capacity are going to come online and that will be in the next decade,” the executive added.If a shortage of enriched uranium fuel materializes, it could stymie the Trump Administration’s ambitious plan to “unleash America’s next nuclear renaissance” by quadrupling U.S. nuclear energy capacity from about 100 gigawatts (GW) now to as much as 400 GW by 2050.Not that Centrus Energy and other major Western nuclear fuel suppliers aren’t trying. They are expanding their enrichment capacities, especially in the U.S., to take advantage of the American bet on nuclear energy to provide reliable power supply amid surging demand led by AI computing centers.New U.S. Enrichment Capacity Coming…Centrus Energy has approved a multi-billion-dollar expansion of its uranium enrichment capacity in Piketon, Ohio. The project includes large-scale production of Low-Enriched Uranium (LEU) to address its substantial commercial LEU enrichment contingent backlog of $2.3 billion and growing demand from existing reactors. Centrus Energy has also recently announced a plan to build 12 metric tons of High-Assay, Low-Enriched Uranium (HALEU) annual capacity for next-generation reactors.Related: Canada’s Oil Patch Swept Up in Record $38B Consolidation WaveIn December 2025, Centrus launched centrifuge manufacturing to support this expansion, and in early January 2026, the Department of Energy selected Centrus for a $900 million HALEU task order.The DOE nuclear fuel HALEU awards also included $900 million each to American Centrifuge Operating and Orano Federal Services, the U.S. unit of French firm Orano, one of the biggest Western suppliers of nuclear fuel.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,905.00 -15.00 (-0.22%)Dow Futures49,323.00 -208.00 (-0.42%)Nasdaq Futures25,050.25 -30.75 (-0.12%)Russell 2000 Futures2,662.00 -18.60 (-0.69%)VIX18.63 +0.70 (+3.90%)Gold5,203.60 +9.40 (+0.18%)Trending tickersNFLX Netflix, Inc. 84.59 +1.88 (+2.28%)XYZ Block, Inc. 54.53 +2.59 (+4.99%)BTC-USD Bitcoin USD 67,806.81 -574.68 (-0.84%)DUOL Duolingo, Inc. 117.45 +5.80 (+5.19%)DELL Dell Technologies Inc. 121.45 -2.03 (-1.64%)PortfolioSign in to access your portfolioSign inTop gainersSEZL Sezzle Inc. 84.70 +22.08 (+35.26%)LMAT LeMaitre Vascular, Inc. 113.69 +22.31 (+24.41%)FA First Advantage Corporation 11.69 +2.17 (+22.79%)IONQ IonQ, Inc. 40.88 +7.29 (+21.70%)HPP Hudson Pacific Properties, Inc. 7.69 +1.33 (+20.91%)Top losersEOSE Eos Energy Enterprises, Inc. 6.74 -4.39 (-39.44%)ACMR ACM Research, Inc. 57.04 -11.43 (-16.69%)FOUR Shift4 Payments, Inc. 48.41 -8.96 (-15.62%)FSK FS KKR Capital Corp. 11.29 -2.03 (-15.24%)MIRM Mirum Pharmaceuticals, Inc. 92.19 -16.43 (-15.13%)Most activeNVDA NVIDIA Corporation 184.89 -10.73 (-5.49%)EOSE Eos Energy Enterprises, Inc. 6.74 -4.39 (-39.44%)NU Nu Holdings Ltd. 15.06 -1.59 (-9.55%)PLUG Plug Power Inc. 1.9100 0.0000 (0.00%)AAL American Airlines Group Inc. 13.94 +0.62 (+4.65%)Top economic eventsEarnings eventsMy earnings eventsEarnings events