X-energy, a company backed by technology giant Amazon, has closed one of the largest fundraisings by an advanced nuclear reactor developer with a $700m (€607m) funding round led by US investor Jane Street with participation from more than 10 other institutional investors.
The deal brings the total funds raised by Maryland-based X-energy in the past 13 months to $1.4bn as it aims to deliver major contracts with Amazon, Dow Inc and Centrica to build a fleet of small modular reactors (SMRs) in the US and UK.
X-energy is planning deployment of the first Xe-100 SMR at Dow Inc’s UCC Seadrift Operations in Texas.
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