Summary

X-energy has raised approximately $700 million in an oversubscribed Series D funding round, led by Jane Street and joined by new and existing investors. The funds will be used to expand X-energy’s supply chain and commercial pipeline, supporting an orderbook exceeding 11 GW, or about 144 advanced small modular reactors (SMRs). The company is advancing deployment of its Xe-100 SMR and TRISO-X fuel, with projects involving Dow, Amazon, and Centrica, and is constructing a dedicated TRISO-X fuel fabrication facility in the US.

Key points

X-energy closed a $700 million Series D financing round, led by Jane Street and other institutional investors., Funding will support expansion of supply chain and commercialization of Xe-100 SMR and TRISO-X fuel., Current orderbook exceeds 11 GW, representing approximately 144 SMR units., Key projects include a four-unit Xe-100 plant at Dow’s Texas site (under NRC permit review), Amazon’s option for up to 5 GW of Xe-100 deployment in the US, and a partnership with Centrica for 6 GW in the UK., Construction is underway for a TRISO-X fuel fabrication facility, the first of its kind in the US.

Why it matters

Demonstrates significant investor confidence in advanced nuclear technologies and SMR commercialization., Supports the scaling of advanced reactor deployment and domestic fuel fabrication capabilities., Addresses global demand for reliable, zero-carbon energy solutions.

Source

X-energy

Draft generated automatically for Engineering235. Editor review pending.