Overview
- Jane Street led the round, joined by investors including Ares Management funds, ARK Invest, Emerson Collective, Point72, Reaves Asset Management and XTX Ventures.
- The raise brings X-energy’s total financing to about $1.8 billion, with roughly $1.4 billion secured over the past year.
- X-energy reports commitments for 144 Xe-100 units totaling about 11 gigawatts from customers that include Amazon, Dow and Centrica.
- The company says the new capital will expand manufacturing and fuel supply chains ahead of planned deployments.
- A key near-term milestone is Nuclear Regulatory Commission approval for a four-reactor project at Dow’s Seadrift site in Texas.