X-Energy, a startup specializing in small modular reactors, has raised an additional $200 million in its Series C funding round, now totaling $700 million. The company previously partnered with Amazon to develop 300 megawatts of nuclear energy in the Pacific Northwest. New investors in this round include Ares Management and Laurene Powell-Jobs's Emerson Collective. X-Energy aims to complete reactor designs and begin construction of a fuel fabrication plant in Tennessee to support its innovative Xe-100 reactors, designed for safety and efficiency, expected to power 50,000 homes each by the early 2030s.
X-Energy raised an additional $200 million in Series C funding, building upon a previous round, aiming to advance nuclear reactor development and production in partnership with Amazon.
The investment round welcomed new backers such as Ares Management and Laurene Powell-Jobs's Emerson Collective, reflecting growing investor confidence in nuclear startups amid technological advances.
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