X-energy, a Rockville, MD-based nuclear reactor and fuel technology company, raised upsized $700M in Series C-1 funding.
Backers included Segra Capital Management, Jane Street, Ares Management funds, Emerson Collective, and others joined the previously announced round anchored by Amazon.com, Inc.’s Climate Pledge Fund, an affiliate of Citadel Founder and CEO Ken Griffin, affiliates of Ares Management Corporation, NGP, and the University of Michigan.
The company intends to use the funds to further the completion of its reactor design and licensing as well as the first phase of its TRISO-X fuel fabrication facility in Oak Ridge, Tennessee.
Led by CEO and Founder Kam Ghaffarian, X-energy is a developer of small modular nuclear reactors and fuel technology for clean energy generation. It is developing its initial Xe-100 plant at Dow’s UCC Seadrift Operations manufacturing site on the Texas Gulf Coast. Supported by the U.S. Department of Energy’s Advanced Reactor Demonstration Program, the project is expected to be the first grid- scale advanced nuclear reactor deployed to serve an industrial site in North America, providing the site with zero-carbon emissions power and high-temperature steam.
FinSMEs
06/02/2025