X-energy Contracts with Dow for First-of-a-Kind Xe-100

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X Energy

US multinational chemical giant Dow entered into a joint development agreement with X-Energy "to demonstrate the first grid-scale advanced nuclear reactor for an industrial site in North America," X-energy announced on Mar. 1. The contract expands on an August letter of intent between the two companies, and will take advantage of X-energy's $1.2 billion cost-share award with the US Department of Energy (DOE) to demonstrate the Xe-100 high-temperature gas-cooled reactor, which Dow now plans to deploy at a US Gulf Coast site to be selected this year. "X-energy will remain dedicated on deploying the Xe-100" reactor in the state of Washington, "but will now focus our initial deployment at a Dow Industrial site," Darren Gale, the head of X-energy's advanced reactor demonstration project, said in a LinkedIn statement. The agreement entails up to $50 million in engineering work, half of which is eligible for funding through the DOE demonstration program, and the other half by Dow. The work scope includes delivering a construction permit application. Meanwhile the consortium of prospective investor offtakers backing NuScale's demonstration small modular reactor project has decided to move forward with the Idaho newbuild thanks to NuScale offering incentives until the next investor "offramp" scheduled for year's end.

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