# X-Energy Partners With AEP and Amazon on Indiana Nuclear Project

- URL: https://stocks.freetheai.org/news/x-energy-partners-with-aep-and-amazon-on-indiana-nuclear-project-8308ca
- Published: 2026-10-19T12:30:00Z
- Category: energy; sentiment: mixed; impact: medium
- Symbols: [NASDAQ:XE](https://stocks.freetheai.org/symbols/NASDAQ-XE)
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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.

## Questions and answers

### 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.