USEC’s funding from the Department of Energy is scheduled to run out in mid-January and the future of the American Centrifuge Project is in doubt. But there was some good news for the company this week. USEC announced that it had successfully completed the final three milestones set by DOE for the research, development and demonstration program.
In a statement, USEC President and CEO John K. Welch said the demonstration cascade is operating as expected and exceeding the criteria — for SWU (separative work units, a measure of uranium-enrichment services) production, machine availability and cascade performance — established by the federal agency in the testing effort.
“Complete documentation supporting successful completion of these final three milestones will be submitted to DOE within the month for certification,” USEC said in a press release.
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