X-Energy Reactor Company, LLC Secures $700 Million in Series D Financing to Accelerate Global Nuclear Energy Solutions
X-Energy Reactor Company, LLC has successfully closed a Series D financing round, raising approximately $700 million to accelerate the deployment of nuclear energy solutions globally. The funding round, led by Jane Street, attracted new investors like ARK Invest, Galvanize, Hood River Capital Management, Point72, Reaves Asset Management, XTX Ventures, and others, in addition to existing backers such as Ares Management funds, Corner Capital, Emerson Collective, NGP, and Segra Capital Management.
The company plans to utilize the funds to expand its supply chain and commercial pipeline, supporting an orderbook of over 11 GW and approximately 144 advanced small modular reactors across various markets. Founder and Executive Chairman Kam Ghaffarian, Ph.D., expressed confidence in the company's vision to make advanced nuclear energy accessible, affordable, and essential for a future abundant in energy.
CEO J. Clay Sell emphasized the focus on building a world-class project and technology delivery platform to commercialize the Xe-100 reactor and TRISO-X fuel. The successful financing round will deepen relationships with deployment partners and strengthen the nuclear supply chain expansion to ensure timely and cost-effective deployments.
X-energy is progressing with projects involving the Xe-100 advanced small modular reactor and TRISO-X fuel with partners like Dow, Amazon, and Centrica. The company is constructing a nuclear fuel fabrication facility in the U.S. to manufacture its proprietary TRISO-X fuel, aiming to deliver scalable, safer, and more reliable power to meet the growing global energy demand.
The combination of the Xe-100 reactor technology and TRISO-X fuel is expected to enhance safety margins and enable flexible applications, including industrial process heat, electricity generation, and grid support. With the support of placement agents Moelis & Company LLC and J.P. Morgan Securities LLC, as well as legal advisor Latham & Watkins LLP, X-energy is well-positioned to advance its mission of providing clean, reliable, and affordable energy solutions worldwide.
X-Energy Reactor Company, LLC is dedicated to developing advanced small modular nuclear reactors and fuel technology for clean energy generation. The company's innovative approach aims to redefine the nuclear energy industry by offering safer, more efficient systems and proprietary fuel to deliver reliable, zero-carbon, and affordable energy solutions globally.
The successful Series D funding round, strategic partnerships, and expanding reactor and fuel portfolio place X-energy in a strong position to lead the next generation of nuclear power deployment worldwide.