X-Energy

X-Energy Inc. is a leading developer of small modular nuclear reactors (SMRs) and specialized nuclear fuel, aiming to revolutionize the clean energy sector. Founded in 2009 and headquartered in Rockville, Maryland, the company focuses on providing scalable, carbon-free energy solutions that can support both electricity generation and high-temperature industrial heat applications. The company's flagship technology is the Xe-100, a pebble-bed high-temperature gas-cooled reactor (HTGR). The Xe-100 is designed to be 'walk-away safe,' utilizing inherent safety features that allow the reactor to shut down and cool itself naturally without operator intervention or external power during an emergency. Each reactor module is designed to produce 80 megawatts of electricity (MWe), and they are intended to be deployed in four-unit 'packs' to create a 320 MWe power plant. In addition to reactor design, X-energy is a pioneer in nuclear fuel through its TRISO-X subsidiary. The company manufactures TRISO (TRi-structural ISOtropic) fuel particles, which consist of a kernel of enriched uranium encased in multiple layers of ceramic and carbon materials. This design prevents the release of radioactive fission products under even the most extreme conditions. X-energy is currently developing the first commercial-scale TRISO-X fuel fabrication facility in the United States to support its reactors and other advanced nuclear designs. X-energy has received significant backing from the U.S. Department of Energy (DOE) through the Advanced Reactor Demonstration Program (ARDP). The company has also established strategic partnerships with major industrial entities, such as Dow Inc., to deploy SMR technology at industrial sites for decarbonization. As a key player in the next generation of nuclear power, X-energy is positioned to address the global demand for reliable, zero-emission baseload power.