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Amazon’s Climate Pledge Fund, Citadel Founder and CEO Ken Griffin, affiliates of Ares Management Corporation, NGP, and the University of Michigan, invest approximately $500 million in Series C-1 financing round for X-energy.
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Amazon, X-energy aim to bring more than 5 gigawatts online in the United States by 2039, the largest commercial deployment target of SMRs to date.
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Amazon commits to support initial 320-megawatt project with Energy Northwest in central Washington.
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Investment solidifies X-energy’s leading role in commercializing SMR technology to revolutionize the nuclear industry.
ROCKVILLE, Md., October 16, 2024 – X-Energy Reactor Company, LLC (“X-energy”), a leader in advanced nuclear reactor and fuel technology, today announced a Series C-1 financing round of approximately $500 million, anchored by Amazon.com, Inc. (“Amazon”). The investment will help meet growing energy demands by funding the completion of X-energy’s reactor design and…