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XE-News
XE-Events
X-Energy and AEP Collaborate on 960 MW Small Modular Reactor Development
X-Energy (XE) and American Electric (AEP) announced a joint development agreement to advance feasibility work for a proposed 960 MW Xe-100 small modular reactor, or SMR, project in Indiana. Amazon (AMZN) will provide certain project development funding for the effort, marking the second commercial deployment under X-energy and Amazon's collaboration aimed at bringing more than 5 GW of new nuclear capacity to the U.S. grid by 2039. X-energy and AEP will evaluate the development of a 12-unit Xe-100 plant near the former site of the retired Breed Generating Station in Sullivan County, Indiana. The proposed project would redevelop the AEP-owned brownfield site for advanced nuclear power, adding clean baseload capacity to help meet growing demand for safe, reliable energy across Indiana and the region. The proposed project combines AEP's power generation and nuclear operating expertise, Amazon's milestone-based development capital, and X-energy's advanced nuclear technology to deliver a clean, safe, long-term energy solution. Building on Amazon's investment in, and ongoing collaboration with X-energy, the project is intended to be a second grid-scale partnership to support grid reliability with new clean generating capacity, joining Energy Northwest's Cascade Advanced Energy Facility in Washington State.
American Electric Power Partners with X-energy for 960 MW Nuclear Project
As energy demand grows, American Electric Power (AEP) is exploring new ways to bring reliable power to the grid while prioritizing affordability for Indiana Michigan Power customers and mitigating business risk. AEP announced a joint development agreement with X-energy (XE) to evaluate the feasibility of constructing a 960-megawatt advanced nuclear energy project at a former coal plant site in Sullivan County, Indiana. Amazon (AMZN) is supporting the project's development through a funding agreement. If the development project reaches a final investment decision and moves forward with construction and commercial operation, the completed facility would add safe, clean, reliable electricity to the grid using X-energy's Xe-100 small modular reactor technology. Amazon intends to purchase the power under a long-term contract, covering the costs of the facility and its operations for the duration of the contract. This collaboration combines AEP's power generation and nuclear operating expertise, Amazon's commitment to development capital and long-term power purchase, and X-energy's advanced nuclear technology to explore the development of a clean, safe, long-term energy solution to benefit customers and foster economic development in Indiana.
X-Energy President Joel Duling to Retire in 2026
X-Energy announced that Joel Duling will retire from full-time executive leadership as president of TRISO-X effective November 20, 2026. After more than four decades, Duling has decided to step back from day-to-day leadership responsibilities to devote more time to personal priorities.
X-Energy Subsidiary TRISO-X Completes Vertical Construction at TX-1 Nuclear Fuel Facility
TRISO-X, a subsidiary of X-Energy, announced the completion of vertical construction at TX-1, its first-in-the-nation advanced nuclear fuel fabrication facility in Oak Ridge, Tennessee. The milestone completes the primary building structure of the 214,000-square-foot facility and enables the project to advance fully into its next phase of construction, including interior buildout, installation of fuel fabrication equipment and continued construction of supporting facilities.
X-energy Shares Rise 10.4% to $16.09
X-energy is up 10.4%, or $1.52 to $16.09.
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