X-Energy and Amazon Partnership for Nuclear Energy
X-Energy, a company developing small modular nuclear reactors (SMRs), has partnered with Amazon to generate 5 gigawatts (GW) of power by 2039. Amazon has invested as part of a $500 million Series C funding round in 2024, during which it acquired a 20% stake in the company. The Xe-100 reactors, capable of producing 80 megawatts (MW) each, are aimed at meeting the growing clean-energy demands of data centers.
X-Energy went public on April 24 at $23 per share and is currently up 30% since its IPO. However, the company reported a comprehensive loss of $390 million against $109 million in revenue for 2025 and is not expected to have operational products for five years. Additionally, X-Energy faces competition from other emerging and established nuclear technology firms, such as Oklo and NuScale.
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