X-Energy Partners With AEP and Amazon on Indiana Nuclear Project
X-Energy, Inc. (XE) has entered into a Joint Development Agreement with AEP to assess a proposed 960-megawatt small modular reactor project in Sullivan County, Indiana. Amazon is contributing development funding to evaluate the 12-unit Xe-100 nuclear plant at AEP's former Breed Station site. This marks the third announced Xe-100 project in the United States for X-Energy.
The agreement expands a broader collaboration between X-Energy and Amazon that aims to deploy more than 5 gigawatts of nuclear power by 2039. Funding from Amazon helps de-risk early-stage planning for the facility, while utilizing a former power plant location may simplify permitting and timeline requirements. Shares of X-Energy fell 9.52% to $10.36 following the news.
The initiative remains in its initial evaluation phase. To move forward into execution, the project requires binding development and construction contracts, regulatory approvals, and finalized financing commitments.
Key points
- X-Energy and AEP signed an agreement to evaluate a 960 MW, 12-unit Xe-100 SMR nuclear project in Indiana.
- Amazon is providing development funding for the proposed plant at AEP's former Breed Station site.
- The initiative forms part of a larger collaboration between X-Energy and Amazon targeting over 5 GW by 2039.
- This project represents the third announced U.S. deployment plan for X-Energy's Xe-100 reactor technology.
- Full execution will depend on binding contracts, regulatory approvals, and securing project financing.
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What is the new X-Energy nuclear project in Indiana?
X-Energy signed a Joint Development Agreement with AEP to evaluate a proposed 960 MW, 12-unit Xe-100 small modular reactor plant at AEP's site in Sullivan County, Indiana.
What role is Amazon playing in X-Energy's Indiana project?
Amazon is providing development funding for the Indiana project as part of a broader collaboration with X-Energy targeting more than 5 gigawatts of power by 2039.
Is the Indiana X-Energy SMR plant fully approved for construction?
No, the project is currently in an early-stage evaluation phase and will require binding agreements, regulatory approvals, and financing before construction can begin.