X-energy Raises $700M for SMRs, Backed by Tech Giants

X-energy, a nuclear energy startup, secured $700 million in funding, bringing their total to $1.8 billion. This investment, led by Jane Street and other notable firms, will support their small modular reactor (SMR) supply chain. With orders for 144 reactors, X-energy aims to generate 11 gigawatts of electricity. Their high-temperature, gas-cooled reactors, using unique fuel pebbles, are gaining traction among tech giants like Amazon and energy firms like Centrica. X-energy is a key player in the U.S. nuclear industry revitalization, with a promising design and significant backing.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.