X-energy, Amazon, American Electric Power Partner to Bring SMR Project to Indiana
Key Highlights
- ➤960 MW Indiana Xe-100 SMR project advances under X-energy-AEP joint development agreement
- ➤12-unit plant proposed at AEP’s former Breed coal site in Sullivan County
- ➤Amazon to provide development funding for the second collaboration project
- ➤X-energy and Amazon target more than 5 GW of new nuclear capacity by 2039
- ➤X-energy’s announced commercial pipeline reaches approximately 11.5 GW
Expert Statements
Bill Fehrman, Chairman, President and Chief Executive Officer of AEP
“Advanced nuclear energy has the potential to provide dependable power for over half a century while supporting economic growth in our communities. With this development plan, we are working to bring together the resources to help meet unprecedented growth in energy demand with reliable baseload power while protecting affordability for existing customers. Our agreements with Amazon and X-energy will provide all necessary capital protections and financial safeguards that we have said are essential for any potential nuclear project to move forward.”
Josh Weissman, VP of Data Center Infrastructure Capacity Delivery at Amazon
“At Amazon, we are committed to serving the needs of our customers and achieving our Climate Pledge goal to be net-zero carbon across our operations by 2040. This collaboration with AEP and X-energy would enable us to make progress on both while ensuring that Indiana's communities benefit. Together, we’re looking to develop nearly a gigawatt of carbon-free power for the regional grid and pay our full costs without passing them to others. This project would also create jobs and generate tax revenues to benefit Hoosier communities for decades to come.”
J. Clay Sell, CEO of X-energy
“This partnership brings together the experience, ambition, and innovation needed to move a project of this significance forward. AEP’s 50 years of excellence in nuclear operations, combined with the world-class expertise of Amazon and technology of X-energy, are poised to chart a new course for Indiana’s energy future. Together, we’re working to advance a clean, safe, reliable solution to meet growing energy demand and benefit Indiana and its communities for generations to come.”
Mike Braun, Indiana Governor
“Indiana is building an energy future that prioritizes affordability for Hoosier families and businesses while driving economic growth. The decision by I&M/AEP, Amazon and X-energy to explore this technology in one of Indiana’s counties represents the kind of innovation and investment that can deliver lasting benefits for our state. This project has the potential to create well-paying jobs in Sullivan County, strengthen our electric grid and further position Indiana as a national leader in advanced nuclear energy.”
* 12-unit Xe-100 plant proposed near former Breed coal plant in Sullivan County, Indiana * Joint Development Agreement advances feasibility work for 960 MW of clean, reliable power * Amazon to provide development capital for second project in collaboration aimed at bringing at least 5 GW of Xe-100 new nuclear capacity to the grid ROCKVILLE, Md., Oct. 19, 2026 (GLOBE NEWSWIRE) -- X-Energy, Inc. (Nasdaq: XE) (“X-energy” or “XE”), a Maryland-based developer of advanced nuclear reactors and fuel technology and American Electric Power (Nasdaq: AEP) today announced a Joint Development Agreement (“JDA”) to advance feasibility work for a proposed 960 MW Xe-100 small modular reactor (“SMR”) project in Indiana. Amazon.com, Inc. (Nasdaq: AMZN) (“Amazon”) will provide certain project development funding for the effort, marking the second commercial deployment under X-energy and Amazon’s collaboration aimed at bringing more than 5 GW of new nuclear capacity to the U.S. grid by 2039.
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