Amazon is buying a stake in US nuclear developer X-energy, as part of a collaboration with the company aimed at deploying small modular reactors to provide low-carbon electricity to power its data centres.
X-energy said on Wednesday that Amazon had agreed to anchor a $500mn fundraising, which would help the company finance the development and licensing of its new generation of SMRs, which it said are more efficient than large-scale nuclear reactors.
Ken Griffin, founder and chief executive of Citadel, Ares Management Corporation, private equity firm NGP and the University of Michigan also participated in X-energy’s fundraising.
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