As of October 16, 2024, X-energy announced a Series C-1 financing round of $500 million, anchored by Amazon. [1] The investment will help meet growing energy demand by funding the completion of X-energy’s reactor design and licensing, as well as part of its fuel fabrication facility in Tennessee. The funding will also support future carbon-free projects that will use X-energy’s advanced small modular nuclear reactors (SMRs). Amazon and X-energy are also collaborating to bring over 5 GW of new power projects online across the US by 2039, the largest commercial deployment target of SMRs to date. This will help meet growing energy demand in key locations through direct project investments and long-term power purchase agreements to help power Amazon operations. X-energy and Amazon plan to establish and standardize a deployment and financing model to develop projects together with infrastructure and utility partners.
Street Address
City, State, Zip
Phone Number
Your Custom Text Here