X-energy

Delivering the next generation of advanced nuclear energy technology.

General Information
Company Name
X-energy
Founded Year
2009
Location (Offices)
Rockville, United States +1
Founders / Decision Makers
Number of Employees
588
Industries
Energy, Renewable Energy, Clean Energy
Funding Stage
Grant
Social Media

X-energy - Company Profile

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.

Taxonomy: Advanced nuclear energy, Carbon-free energy, Nuclear power innovation, Clean energy technology, Nuclear fuel manufacturing, Meltdown prevention, Waste management, Nuclear plant design, Baseload power generation, Safety innovations, Affordable energy, Renewable energy alternative, Sustainable energy solutions

Funding Rounds & Investors of X-energy (6)

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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

View All 6 Funding Rounds

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