Nuclear startup X-Power has added $200 million to an current $500 million Collection C spherical.
The small module reactor specialist beforehand introduced a take care of Amazon in October, which included an funding and improvement agreements to construct 300 megawatts value of nuclear energy crops within the Pacific Northwest.
New buyers within the spherical embody Ares Administration, Laurene Powell Jobs’s Emerson Collective, Jane Road, and Segra Capital Administration.
X-Power is one in every of many nuclear startups to have benefitted from the AI-driven knowledge middle growth alongside the Trump administration’s help of nuclear energy.
The corporate’s Xe-100 reactors are anticipated to generate 80 megawatts of electrical energy every, or sufficient to energy round 50,000 properties.
The reactors are powered by so-called TRISO gasoline, which was designed to be safer than the extra generally used gasoline rods. Every “pebble” of gasoline incorporates round 18,000 poppy seed-sized, carbon-coated uranium particles, and a single reactor will likely be loaded with 200,000 pebbles.
X-Power expects its first reactor for Amazon to come back on-line within the early 2030s.
The corporate stated the brand new funding will assist full its reactor design and licensing together with constructing the primary part of its gasoline fabrication plant in Oak Ridge, Tennessee.