ML24295A176

Press Release from X-Energy with Regard to New Funding to TRISO-X for the TRISO-X License Application Review

ML24295A176
Person / Time
Site:	Triso-X
Issue date:	10/18/2024
From:	Stephen Poy NRC/NMSS/DFM/FFLB
To:	Stephen Poy NRC/NMSS/DFM/FFLB
References
Download: ML24295A176 (1)

Text

From: Stephen Poy To: Stephen Poy

Subject:

Note to File re Amazon Invests in X-energy to Expand Clean Energy, Support Advanced SMRs Date: Friday, October 18, 2024 12:43:20 AM Attachments: image001.png

This email is a Note to File that documents a press release provided by TRISO-X on October 17, 2024 informing the NRC staff of financing provided to the TRISO-X parent company X-energy by outside investors. Some of this financing will be provided to TRISO-X to fund their efforts related to the current License Application Review.

From: Matt Bartlett <Matthew.Bartlett@nrc.gov>

Sent: Thursday, October 17, 2024 11:57 AM To: Stephen Poy <Stephen.Poy@nrc.gov>

Subject:

REQUEST: Any chance you have availability to add the press release to ADAMS? FW:

Amazon Invests in X-energy to Expand Clean Energy, Support Advanced SMRs

Steve,

Do you have availability to ask the AAs to put the following press release from TRISO-X into ADAMS using a note to file (email note)? If not, no worries, just let me know.

Thanks.

Sincerely,

Matt Bartlett Sr. Project Manager NMSS/DFM/FFLB 301-415-7154

From: _XE Updates < xeupdates@x-energy.com>

Sent: Wednesday, October 16, 2024 10:17 AM

Subject:

[External_Sender] Amazon Invests in X-energy to Expand Clean Energy, Support Advanced SMRs

Today, were pleased to share an exciting update on how we are bringing our pioneering technology to the market.

X-energy is announcing our latest financing round of approximately $500 million, anchored by Amazons Climate Pledge Fund and Citadel Founder and CEO Ken Griffin, Ares Management, NGP, and the University of Michigan. We are also collaborating with Amazon to work together to bring more than 5 gigawatts of new power projects online across the United States by 2039, the largest commercial deployment target for SMRs to date.

Amazon and X-energy will initially work together to develop a four-unit 320-megawatt project with Energy Northwest in central Washington, with the option to increase that project to 12 units and 960 MW. Amazon is immediately committing a direct investment in the Energy Northwest project to fund early development work that X-energy will perform.

The investment and work with Amazon further positions X-energy to help businesses and communities, from technology to heavy industry, meet fast-growing energy demands in the safest, cleanest, most efficient way. To enable this expansion, X-energy and Amazon plan to establish and standardize a deployment and financing model to develop projects in partnership with infrastructure and utility partners.

We value your partnership, and if you have any immediate questions, please dont hesitate to reach out to our team.

-The X-energy Team