X-energy, a company backed by technology giant Amazon, has closed one of the largest fundraisings by a nuclear reactor developer, as investors bet atomic energy will power the artificial intelligence revolution.
The $700mn funding round was led by Jane Street, and attracted cash from new investors ARK Invest, Galvanize, Hood River Capital Management, Point 72, Reaves Asset Management and XTX Ventures.
The deal brings the total funds raised by X-energy in the past 13 months to $1.4bn, as it races to deliver three big contracts with Amazon, Dow Inc and Centrica to build a fleet of almost 150 small modular reactors in the US and UK.
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