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Dow and X-Energy Get Additional $1B for Texas Nuclear Project
The new money keeps a 50/50 cost-share rule and raises total federal support for the project to as much as $2.15 billion, DOE said.
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Dow and X-energy get additional $1B for Texas nuclear project
The U.S. Department of Energy will provide up to $1 billion in additional funding to X-energy and Dow for their Seadrift, Texas advanced reactor project, bringing total DOE support to $2.15 billion under a 50/50 cost-share through the ARDP.
U.S. Backs X-Energy Reactor With Up to $2.15 Billion
Washington is putting real money behind advanced nuclear. The US Department of Energy is gearing up to hand X-energy another $1 billion for its planned nuclear project with Dow in Texas, bringing total federal funding available for the project since 2021 to as much as $2.15 billion. That is no longer demonstration-project pocket change. CEO Clay Sell said Thursday that DOE had informed X-energy of the additional funding through the Advanced Reac…
·New York, United States
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Bias Distribution
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100% Center
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