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X-Energy (NasdaqGS:XE), American Electric Power and Amazon agreed to assess a 960MW advanced nuclear project in Indiana using Xe-100 reactors. The project would repurpose a former coal plant site, with Amazon supplying development funding and committing to a long-term power purchase. The joint development agreement…
Amazon is funding a 960-megawatt nuclear plant with 12 small X-energy reactors in Indiana. But doubts about the timeline remain.
Agreement with AEP and Amazon could hasten X-Energy's push for profits.