X-energy, a Rockville, MD-based developer of small modular nuclear reactors and fuel technology for clean energy generation, has completed its Series C financing round with an additional $80M from Ares Management Corporation and X-energy Founder Kam Ghaffarian.
The round brought the total amount to $235M.
Previous investors included Ontario Power Generation, Curtiss-Wright Corporation, DL E&C, and Doosan Enerbility.
The company intends to use the funds to expand operations and its development efforts.
X-energy develops small modular nuclear reactors and fuel technology for clean energy generation. Its modular, and intrinsically safe SMR design expands applications and markets for deployment of nuclear technology and drives enhanced safety, lower cost and faster construction timelines when compared with conventional nuclear. It is developing the Xe-100, a high-temperature gas-cooled advanced small modular reactor, its proprietary TRISO-X fuel, and a mobile microreactor to safely and efficiently deliver affordable zero-carbon energy to people around the world.
FinSMEs
06/12/2023