X-energy is a global leader in advanced nuclear reactor and fuel technology, dedicated to delivering safe, efficient, and affordable clean energy. The company’s proprietary fuel encases uranium particles in a protective coating, making reactor meltdowns impossible and significantly enhancing safety. X-energy develops high-temperature, gas-cooled modular reactors that are simplified, scalable, and versatile, enabling flexible deployment across various industries and regions. Its innovative technology provides reliable, zero-carbon energy, expanding the applications and markets for nuclear power worldwide.
X-energy has announced the closing of its upsized Series C-1 financing round of $700 million. Segra Capital Management, Jane Street, Ares Management funds, Emerson Collective, and others join the previously announced round anchored by Amazon.com’s Climate Pledge Fund, an affiliate of Citadel Founder and CEO Ken Griffin, affiliates of Ares Management Corporation, NGP, and the University of Michigan.
X-energy, Rockville, Maryland, United States, was founded in 2009 by Kam Ghaffarian. X-energy operates across diverse markets, including electric power generation, industrial heat applications, hydrogen production, defense, and remote or off-grid communities. Their advanced modular reactors and fuel technology also support global clean energy initiatives, expanding into international markets focused on decarbonization and energy security. “We welcome our new investors along our journey to accelerate the development and deployment of advanced nuclear energy and meet the growing demand for reliable, safe and clean energy,” said Kam Ghaffarian, Ph.D., Founder and Executive Chairman of X-energy. “We are proud to have gained the additional support from our industry, government, and investment community since X-energy was founded more than 15 years ago. We look forward to continuing to advance and scale our technology and realize our vision of fulfilling the growing energy needs of future generations.”
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