Nuclear startup X-Energy has secured an additional $200 million to enhance its previous $500 million Series C funding round.
The specialist in small modular reactors had announced a partnership with Amazon back in October, which involves investments and collaborative agreements to establish nuclear power plants generating 300 megawatts in the Pacific Northwest.
Among the new participants in this funding round are Ares Management, Emerson Collective, founded by Laurene Powell Jobs, Jane Street, and Segra Capital Management.
X-Energy is one of numerous nuclear startups that have capitalized on the boom in AI-driven data centers and have received support for nuclear energy from the Trump administration.
The company’s Xe-100 reactors are anticipated to produce 80 megawatts of electricity each, which is sufficient to supply power to roughly 50,000 households.
Utilizing advanced TRISO fuel, designed for enhanced safety compared to conventional fuel rods, each “pebble” comprises approximately 18,000 minuscule, carbon-coated uranium granules, with a single reactor containing around 200,000 pebbles.
X-Energy aims to have its first reactor operational for Amazon by the early 2030s.
The company indicated that this latest round of funding will assist in finalizing its reactor design and licensing, as well as in constructing the initial phase of its fuel fabrication facility located in Oak Ridge, Tennessee.
Compiled by Techarena.au.
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