X-energy, a Rockville, MD-based nuclear reactor and gasoline know-how firm, raised upsized $700M in Sequence C-1 funding.
Backers included Segra Capital Administration, Jane Avenue, Ares Administration funds, Emerson Collective, and others joined the beforehand introduced spherical anchored by Amazon.com, Inc.’s Local weather Pledge Fund, an affiliate of Citadel Founder and CEO Ken Griffin, associates of Ares Administration Company, NGP, and the College of Michigan.
The corporate intends to make use of the funds to additional the completion of its reactor design and licensing in addition to the primary section of its TRISO-X gasoline fabrication facility in Oak Ridge, Tennessee.
Led by CEO and Founder Kam Ghaffarian, X-energy is a developer of small modular nuclear reactors and gasoline know-how for clear power era. It’s growing its preliminary Xe-100 plant at Dow’s UCC Seadrift Operations manufacturing website on the Texas Gulf Coast. Supported by the U.S. Division of Power’s Superior Reactor Demonstration Program, the venture is anticipated to be the primary grid- scale superior nuclear reactor deployed to serve an industrial website in North America, offering the location with zero-carbon emissions energy and high-temperature steam.
FinSMEs
06/02/2025
