Maryland, US-based advanced reactor developer X-energy has announced the close of a funding round, raising a total of $700m (€677m).
Amazon’s Climate Pledge Fund anchored the funding round, which included investments from Segra Capital Management, Jane Street, Ares Management funds, Emerson Collective and others.
The proceeds from the fundraiser will support the completion of X-energy’s small modular reactor (SMR) design and licensing, the first phase of its Triso-X fuel fabrication facility in Oak Ridge, Tennessee, and projects that intend to use X-energy’s SMR.
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