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HomeRenewablesamazonAmazon splashes £500m on advanced nuclear power push

Amazon splashes £500m on advanced nuclear power push

Amazon’s Climate Pledge Fund has invested $500 million (£385m) in a financing round for X-energy.

The investment will assist with the development of X-energy’s reactor design and licensing and support a fuel fabrication facility in Oak Ridge, Tennessee.

The funding will also contribute to future projects using X-energy’s small modular nuclear reactors.

X-energy and Amazon plan to bring over 5 gigawatts of new power projects online in the US by 2039.

The partnership will involve a project with Energy Northwest in central Washington, starting with a four-unit 320-megawatt project, with an option to expand to 12 units and 960 megawatts.

Energy Live News
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This article first appeared on Energy Live News, an award winning news service. Their mission is to give you balanced news, analysis, commentary of energy from their dedicated team of quality journalists and production staff.
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