Nuclear startup Initially the company expected growth approximately $800 million.
The stock is expected to begin trading on the Nasdaq exchange on Friday under the ticker XE.
x-energy is building small modular reactors capable of generating electricity or delivering heat to industrial processes. The company has struck a deal with Dow to provide heat and power to a chemical plant in Texas and another deal with Amazon. 5 gigawatt nuclear power Till 2039. Amazon’s Climate Pledge Fund led X-Energy’s Series C-1 round.
Nuclear startups like X-Energy are buoyed by growing demand for power from data centers and other parts of the economy that are electrifying.
The company says its reactors will generate 80 MW of electricity. Each Xe-100 reactor is cooled by helium gas, which flows over billiard ball-sized “pebbles” that are filled with BB-sized TRISO fuel pellets. TRISO fuel, which consists of a particle of uranium wrapped in carbon and silicon, was developed years ago to be safer than existing fuel designs, although it has not been widely used. X-Energy says its fuel can withstand higher temperatures, helping to keep the fuel contained and reducing the chance of melting.
