X-energy
XE
X-energy (XE) develops the Xe-100 high-temperature gas-cooled pebble bed SMR.
4-unit plant outputs 320 MWe; TRISO fuel qualified for high burnup. Received $80M DoE matching funds in 2020; project with Dow Chemical for industrial heat. Private valuation $2B+ post-2024 funding.
Why it matters now
Peach Bottom deployment targeted 2028; HALEU dependency highlights supply chain risks for 2025 SMR licensing wave.