Key facts
- The U.S. Department of Energy is providing up to $1 billion in additional funding to X-energy.
- The total federal commitment to the X-energy project is now $2.15 billion.
- The project is a collaboration between X-energy and Dow.
- The goal is to deploy X-energy's nuclear technology at Dow's petrochemical complex.
- The project is located in Texas.
The U.S. Department of Energy is bolstering its support for X-energy's advanced nuclear project with an additional funding commitment of up to $1 billion. This new investment raises the total federal financial backing for the initiative to $2.15 billion. The project is a partnership between X-energy and Dow, with the goal of deploying X-energy's innovative nuclear technology at Dow's existing petrochemical complex located in Texas. This substantial federal investment underscores the government's commitment to advancing the development and deployment of advanced nuclear energy solutions, particularly small modular reactors, which are seen as a key component in future clean energy strategies.