X-energy has announced an additional $700 million fundraising effort to advance its small modular reactor (SMR) technology, despite its current reactor design still unproven. The new funds, backed by multiple investors including Jane Street and Ares Management, will help X-energy proceed with its plans to develop and deploy four Xe-100 reactors capable of generating electricity by 2039. While the investment from Amazon supports projects with Energy Northwest, regulatory approval from the Nuclear Regulatory Commission remains pending for X-energy's designs.
X-energy today secured $700 million from new backers to support its small modular reactor (SMR) development, aiming for deployment across the US by 2039.
Amazon's investment included support for the development of four SMRs for Energy Northwest, with operations expected to begin sometime in the next decade.
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