Xenergy rides nuclear wave, raises $700M Series D | TechCrunch
News Source : TechCrunch
News Summary
- X-energy said the new infusion will help build the supply chain for its small modular reactors (SMR) So far, the startup says it has orders for 144 SMRs capable of generating 11 gigawatts of electricity.
- Customers include Amazon, Dow, and British energy company Centrica.
- X-energy is in a race with several other SMR startups to resuscitate the nuclear industry in the United States.
- While many of the designs appear promising, only a handful SMR power plants have been built to date.
Nuclear startup Xenergy raised $700 million in a Series D found, the company told TechCrunch.The new fundraise comes less than a year after it expanded its Series C from $500 million to $700 milli [+1924 chars]
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