US-based advanced reactor developer X-energy has been awarded a $148.5m (€138.8m) tax credit for the construction by its wholly-owned subsidiary, Triso-X, of a first-of-a-kind advanced nuclear fuel fabrication facility in Oak Ridge, Tennessee.
Funded by the Inflation Reduction Act of 2022, the award is part of a programme jointly administered by the US Department of Energy, the Department of the Treasury and the Internal Revenue Service.
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