X-energy, with the slogan "Delivering the next generation of advanced nuclear energy technology," is a company that aims to revolutionize nuclear power to provide a cleaner planet for future generations while meeting the increasing global energy demands. Founded in 2009 and headquartered in the United States, the company operates in the Energy, Renewable Energy, and Clean Energy sectors. X-energy's innovative approach involves manufacturing fuel that encapsulates uranium particles in a protective coating, ensuring the impossibility of a meltdown and permanent retention of waste. Their plant designs aim to unleash the fuel's potential through a process as clean as wind or solar energy. This combined effort results in reliable carbon-free baseload power, produced more safely and affordably than ever before, and available anywhere at any time. The company recently secured a significant $235.00M Series C investment on 05 December 2023 from prominent investors including Ares Management, Segra Capital, DL E&C Co., Ltd, Ontario Power Generation, Curtiss-Wright, Doosan Group, and Kam Ghaffarian. With an inspiring vision, reputable investors, and a promising trajectory, X-energy is well-positioned to make a lasting impact in the clean energy sector.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Grant - X | £3.34M | 1 | Department for Energy Security & Net Zero | 04 Apr 2024 |
Series C - X | $235.00M | 7 | Ontario Power Generation, Kam Ghaffarian +2 | 05 Dec 2023 |
Grant - X | $40.00M | 1 | US Department of Energy | 23 Aug 2022 |
Series B - X | Unknown | 1 | Alumni Ventures | 15 Oct 2021 |
Grant - X | $6.00M | 1 | ARPA-E | 18 May 2020 |