Centrus, Palantir partner on US uranium enrichment expansion; eye $300M cost savings

 

• Palantir Technologies (PLTR) and Centrus Energy (LEU) announced a landmark partnership on Thursday that will apply Palantir's AI-driven software tools to support Centrus' multi-billion-dollar expansion of its uranium enrichment capacity. 
• Centrus is the only U.S.-owned company that enriches uranium today and recently committed to a commercial-scale expansion of its uranium enrichment plant in Piketon, Ohio, according to a statement. 
• Since the partnership began in late January, Centrus (LEU) and Palantir (PLTR) have already identified nearly $300 million in potential cost savings and efficiencies. Project execution is a key focus area, and Centrus is rapidly de-risking it.
• Additional improvements have been identified that are expected to reduce manufacturing lead times and accelerate the timetable for bringing new uranium enrichment capacity online, the companies said. Through this partnership, Centrus aims to become the most efficient, cost-competitive, and reliable enricher in the market.

https://www.msn.com/en-us/money/other/centrus-palantir-partner-on-us-uranium-enrichment-expansion-eye-300m-cost-savings/ar-AA1YsZYb