Amazon partners with X-energy and AEP for nuclear reactor project in Indiana

Amazon has announced a partnership with utility company American Electric Power (AEP) and small modular reactor developer X-energy to build a new nuclear power plant in Indiana. The facility will include 12 Xe-100 reactors, totaling 960 megawatts of capacity, on the site of a former coal plant near Terre Haute. Amazon is set to be the first customer for this clean energy project and has previously invested $700 million in X-energy through a Series C funding round. This agreement marks an expansion from their earlier collaboration and aligns with plans to build 5 gigawatts of nuclear capacity by 2039. The reactors will supply power both to the public grid and Amazon’s data centers, supporting its sustainability goals. However, X-energy must first deliver a pilot project at Seadrift in Texas before moving forward, which is currently facing regulatory challenges from the state. The deal has sparked renewed interest in small modular reactor technology as an alternative to traditional nuclear power plants that have faced cost and timeline issues.

By Tim De Chant · TechCrunch ·

Amazon partners with X-energy and AEP for nuclear reactor project in Indiana

Tickers: $AEP $AMZN

Topics: Amazon Investments American Electric Power Nuclear Energy Small Modular Reactors (SMRs) X-energy

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