U.S., June 22 -- Nuclear reactor and fuel engineering company X-energy has announced that it will receive USD$6mn in funding from the US Department of Energy (DoE).
Led by a team with a diverse range of experience, including "engineering, policy, government relationships and experience operating large government engineering contracts," the grant money will go towards developing the company's Xe-100 reactor.
A design which aims to balance sustainability, reliability, safety and cost-efficient economics, the Xe-100 is optimised to be scalable, flexible and affordable: the O&M (operations and maintenance) cost for the reactor is $2/MWh.
Transforming nuclear energy
X-energy has been creating cutting-edge nuclear systems with a broad appeal ...