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