Tech Company Financing Transactions
X-energy Funding Round
X-energy, based in Rockville, raised investment capital from Pittco Management.
Transaction Overview
Company Name
Announced On
3/5/2025
Transaction Type
Venture Equity
Amount
Unknown
Round
Undisclosed
Investors
Pittco Management (Henry Guy)
Proceeds Purpose
Proceeds from the fundraise will further the completion of X-energy's reactor design and licensing as well as the first phase of its TRISO-X fuel fabrication facility in Oak Ridge, Tennessee.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
801 Thompson Ave
Rockville, MD 20852
USA
Rockville, MD 20852
USA
Phone
Website
Email Address
Overview
X-Energy Inc is a leading developer of advanced SMR and fuel technology for clean energy generation. It is seeking to redefine the nuclear energy industry through its flagship product, the Xe-100, an advanced small modular HTGR designed to generate up to 80 megawatts of electric power and/or up to 200 megawatts of thermal output, depending on the configuration. X-energy's simple and intrinsically safe advanced SMR designs, like the Xe-100, significantly expand the applications and markets for nuclear technology with enhanced safety, lower cost and faster construction timelines when compared with conventional nuclear energy sources and broader use cases when compared with other SMRs
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Clay Sell
Chief Financial Officer
Mark Mize
Chief Information Officer
Matt Welsh
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