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DL E&C, Doosan to invest $25 mn in SMR developer X-Energy

Ik-Hwan Kim of The Korea Economic Daily reports that DL E&C and Doosan will invest $25 million into X-energy.

The C3 Take
  • In addition to the $25 million that it is set to receive from DL E&C and Doosan, X-energy is also raising $60 million from Seoul-based private equity firm Whale Investment Co.
  • When sold at a commercial scale X-energy’s small modular nuclear reactor, the Xe-100, is able to safely and cleanly power close to 300,000 homes.
  • The company also encapsulates its fuel in a graphite ceramic ball that captures 99.9% of a reactor’s waste.
  • Private sector leadership is driving meaningful energy innovation.

“For Doosan, the investment is expected to provide an opportunity to pursue diverse industrial applications of the Xe-100 technology, including the use of steam heat from the reactor to produce hydrogen or for other industries.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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