Amazon to take a stake in US nuclear developer X-energy

Amazon is to participate in a capital increase by US nuclear developer X-energy. The amount of the stake has not been disclosed. X-energy is developing small modular reactors (SMRs) which, according to X-energy, should be more efficient and less expensive than conventional large nuclear reactors. Amazon is also supporting the development of an SMR project in Washington State, to be built by Energy Northwest, a consortium of electricity companies. Amazon has also signed an agreement with utility Dominion Energy to develop an SMR project in the state of Virginia. Amazon hopes to develop 5,000 MW of small nuclear reactors within the next fifteen years.