COINTURK FINANCECOINTURK FINANCECOINTURK FINANCE
  • Investing
  • Technology News
  • Business
  • Fintech
  • Startup
  • About Us
  • Contact
Search
Health
  • About Us
  • Contact
Entertainment
  • Investing
  • Business
  • Fintech
  • Startup
© 2024 BLOCKCHAIN IT. >> COINTURK FINANCE
Powered by LK SOFTWARE
Reading: Amazon Supports X-Energy with $500 Million Investment for SMR Reactor Technology
Share
Font ResizerAa
COINTURK FINANCECOINTURK FINANCE
Font ResizerAa
Search
  • Investing
  • Technology News
  • Business
  • Fintech
  • Startup
  • About Us
  • Contact
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK FINANCE
Powered by LK SOFTWARE
Track all markets on TradingView
COINTURK FINANCE > Business > Amazon Supports X-Energy with $500 Million Investment for SMR Reactor Technology
Business

Amazon Supports X-Energy with $500 Million Investment for SMR Reactor Technology

Overview

  • X-Energy secures $500M for SMR technology commercialization with Amazon's backing.

  • The investment supports SMR projects, targeting 5 GW deployment by 2039.

  • Amazon seeks diverse energy sources, aiding its net-zero emissions goal by 2040.

COINTURK FINANCE
COINTURK FINANCE 7 months ago
SHARE

X-Energy has taken a significant step towards commercializing its small modular nuclear reactor (SMR) technology, securing $500 million through a Series C-1 financing round. This investment, led by Amazon (NASDAQ:AMZN)’s Climate Pledge Fund, marks a pivotal development in expanding the reach of carbon-free energy solutions. The strategic partnership with Amazon and other investors aims to bring innovative energy projects to fruition. The endeavor highlights the potential of advanced nuclear technologies in addressing increasing energy demands while ensuring environmental sustainability.

Contents
What Are Amazon’s Energy Goals?How Will X-Energy Utilize the Capital?

A few years ago, X-Energy began exploring the potential of SMRs, which offer faster construction and deployment near existing grids. This technology was initially supported by various energy stakeholders as a promising alternative to traditional nuclear power plants. Previously, the emphasis was on research and prototype development, whereas the current collaboration with Amazon signifies a transition towards large-scale commercial deployment. This shift could influence the energy landscape significantly by paving the way for broader adoption of SMRs in the global market.

What Are Amazon’s Energy Goals?

Amazon has committed to aligning its global operations with 100% renewable energy by 2030, although it reached this target seven years early. Recognizing the growing energy requirements from emerging technologies like generative AI, Amazon seeks diverse carbon-free energy sources. The partnership with X-Energy is part of this broader strategy. Kevin Miller, Vice President of Amazon Global Data Centers, emphasized the importance of integrating new energy solutions to meet the company’s Climate Pledge commitment, which aims for net-zero emissions by 2040.

How Will X-Energy Utilize the Capital?

The capital infusion will enable X-Energy to finalize its reactor design and licensing processes, as well as initiate the first phase of its fuel fabrication facility in Tennessee. This funding supports the launch of multiple SMR projects, including a notable 320 MW project with Energy Northwest in Washington. X-Energy plans to eventually scale these operations to over 5 GW across the United States by 2039. CEO J. Clay Sell highlighted the role of reliable nuclear technology in meeting future energy demands, emphasizing the importance of safe and scalable solutions.

X-Energy’s SMR technology is distinguished by its TRISO-X fuel, which enhances safety by encasing uranium particles in a protective shell. This innovation reduces the need for extensive containment infrastructure and positions SMRs as a viable option for carbon-free energy generation. The Xe-100 reactor, designed to operate at temperatures above 750°C, is central to X-Energy’s future projects. By leveraging helium to transfer heat and generate electricity, the reactor aims for a sustained operational period of 60 years without fuel interruption.

The collaboration with Amazon and other major investors underscores a broader industry trend towards integrating advanced nuclear solutions into mainstream energy portfolios. This partnership not only promises to expand the deployment of SMRs but also sets a precedent for future collaborations between tech giants and energy innovators. Such alliances could be instrumental in accelerating the transition to sustainable energy sources worldwide, especially as the demand for clean energy intensifies.

The evolution of SMR technology offers a substantial opportunity to address the dual challenges of rising energy needs and climate change. As companies like X-Energy advance their reactor designs and increase production capabilities, the potential for scalable and safe nuclear solutions becomes more tangible. The partnership with Amazon highlights how integrating innovative nuclear technologies into existing energy frameworks can contribute to a cleaner energy future. This investment may inspire further explorations into SMR applications, leading to broader adoption and development in the sector.

You can follow our news on Telegram and Twitter (X)
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Anysphere Secures Major Investment and Surges in Valuation

AI System Evaluates Cancer Survival with FaceAge Photography Tool

FinTech Investments Surge with Key Players Raising Massive Funds

Trump’s Proposed Tariff on Foreign Movies Sparks Hollywood Tension

AI Opener, Artific, and AI Ready Join Forces to Tackle AI Challenges

Share This Article
Facebook Twitter Copy Link Print
Previous Article terralayr Secures €77M for Energy Storage Expansion
Next Article Spirit AeroSystems Furloughs 700 Workers Due to Boeing Strike Impact
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

2025 Sees Rising Dividend Potential in Energy Stocks
COINTURK FINANCE COINTURK FINANCE 2 hours ago
DraftKings Sees Lower Margins as Favorable Sports Outcomes Impact Earnings
COINTURK FINANCE COINTURK FINANCE 8 hours ago
ATMOS Space Cargo Partners with ARX Robotics to Enhance Logistics
COINTURK FINANCE COINTURK FINANCE 10 hours ago
Foodiq Secures €10 Million to Boost Sustainable Food Production
COINTURK FINANCE COINTURK FINANCE 10 hours ago
Google Partners with Recoolit and Cool Effect to Tackle Superpollutants
COINTURK FINANCE COINTURK FINANCE 10 hours ago
//

COINTURK was launched in March 2014 by a group of tech enthusiasts focused on the internet and new technologies.

CATEGORIES

  • Investing
  • Business
  • Fintech
  • Startup

OUR PARTNERS

  • COINTURK NEWS
  • BH NEWS
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Contact
COINTURK FINANCECOINTURK FINANCE
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK FINANCE
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?