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Centrica, X-energy Advance Nuclear Plans as UK Regulators to Begin Design Review for Xe-100

UK regulators open a three-year design review that could enable up to 6 GW of Xe-100 advanced nuclear capacity with Centrica.

(Very Positive)
Tags

Centrica and X-energy (Nasdaq: XE) have secured UK regulator acceptance of X-energy’s Xe-100 advanced small modular reactor into the Generic Design Assessment process, a key step toward UK commercial licensing. The UK government directed regulators to begin this review, which is expected to take about three years and will be conducted by the Office for Nuclear Regulation, the Environment Agency and Natural Resources Wales. Under their partnership, the companies intend to deploy up to 6 GW of new nuclear capacity in the UK, equivalent to an estimated 10–20 Xe-100 power stations, starting with an initial project at Hartlepool. The GDA submission builds on U.S. licensing progress and is expected to benefit from collaboration with the U.S. Nuclear Regulatory Commission, enabling transfer of design documentation and safety analyses into UK reviews.

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Positive

  • Xe-100 accepted into UK Generic Design Assessment, initiating formal licensing-related review
  • Partnership aims to deploy up to 6 GW of new UK nuclear capacity
  • GDA expected to benefit from collaboration with the U.S. NRC on design and safety analyses
  • Each Xe-100 unit designed for 80 MW electric or 200 MW thermal output
  • Multi-unit Xe-100 plants optimized for 320–960 MW total capacity

Negative

  • UK Generic Design Assessment for Xe-100 expected to take approximately three years before site-specific licensing

Market Context

On Aug 6, X-energy disclosed a long-term HALEU supply agreement for the Xe-100 program; the current ...
Analysis

On Aug 6, X-energy disclosed a long-term HALEU supply agreement for the Xe-100 program; the current UK GDA acceptance added a regulatory-design milestone to the same reactor platform.

Key Figures

GDA assessment duration: approximately three years Planned UK capacity: up to 6 GW Planned power stations: 10-20 Xe-100 power stations +3 more
GDA assessment duration
approximately three years
UK Generic Design Assessment for Xe-100
Planned UK capacity
up to 6 GW
Centrica-X-energy UK partnership
Planned power stations
10-20 Xe-100 power stations
Depending on installation size
Electrical output per reactor
80 MW
Xe-100 reactor unit
Thermal output per reactor
200 MW
Xe-100 reactor unit for industrial uses
Multi-unit plant range
320 MW to 960 MW
Xe-100 multi-unit plants

Historical Context

1 past event · Latest: Aug 06
1 event
  1. Aug 06

    HALEU supply agreement

    24h Move
    +9.3%

    Long-term HALEU supply agreement covered fuel for X-energy’s Xe-100 advanced reactor program

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

generic design assessment, small modular reactor, generation iv, tri-structural isotropic
4 terms
generic design assessment regulatory
"accepted into the United Kingdom's Generic Design Assessment ("GDA") process"
A generic design assessment is a regulatory review that checks whether a proposed generic medicine matches the original branded product in key ways — like ingredients, how it is made, and how it behaves in the body — so it can be approved as interchangeable. For investors, the outcome signals whether a lower‑cost competitor can enter the market, which can quickly change sales, pricing power, and projected profits for both the original maker and prospective generic manufacturers.
small modular reactor technical
"Generation IV advanced Small Modular Reactor ("SMR")"
A small modular reactor is a compact nuclear power plant designed to generate electricity in smaller amounts compared to traditional reactors. It can be built in factories, then transported and assembled on-site, making it quicker and often cheaper to deploy. For investors, these reactors represent a potential source of clean energy with lower upfront costs and flexible scaling, which could influence future energy markets and infrastructure investments.
generation iv technical
"X-energy's Xe-100 Generation IV advanced Small Modular Reactor"
Generation IV refers to a class of advanced nuclear reactor designs that aim to be safer, more efficient, and produce less long-lived waste than older reactors, much like a next-generation car that uses fuel more efficiently and has stronger safety features. Investors care because these technologies can reshape energy markets, require large upfront capital and regulatory approval, and offer long-term revenue and risk profiles different from traditional power projects.
tri-structural isotropic technical
"tri-structural isotropic (TRISO) fuel technology"
A tri-structural isotropic (TRISO) particle is a tiny nuclear fuel pellet with multiple concentric ceramic and carbon layers built around a radioactive fuel kernel, creating a robust, gas-tight coating. Think of it as a microscopic, multi-layered candy shell that traps radioactive fragments and heat inside the kernel. Investors care because TRISO fuel is designed to improve reactor safety, performance, and regulatory acceptance, factors that affect commercial viability and market demand for companies working in advanced nuclear technology.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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  • On the one-year anniversary of the Centrica X-energy partnership being signed, the UK Government has directed regulators to accept the X-energy Xe-100 Advanced Modular reactor into the Generic Design Assessment, marking a significant step toward UK commercial licensing.
  • Under their partnership, the companies intend to deploy up to 6 GW of new nuclear capacity in the UK (10-20 Xe-100 power stations depending on size of each installation).

LONDON, Sept. 15, 2026 (GLOBE NEWSWIRE) -- Centrica plc ("Centrica") and X-Energy, Inc. (Nasdaq: XE) ("X-energy"), a leading developer of advanced nuclear reactors and fuel technology, today announced that X-energy's Xe-100 Generation IV advanced Small Modular Reactor ("SMR") has been accepted into the United Kingdom's Generic Design Assessment ("GDA") process.

GDA acceptance formally triggers the process of assessing the design's acceptability for deployment and operation ahead of the technical and environmental evaluations required for site-specific licensing and permitting. The assessment is expected to take approximately three years and will be administered by the UK Office for Nuclear Regulation ("ONR"), the Environment Agency (“EA”), and Natural Resources Wales.

The submission builds on the Xe-100's U.S. licensing progress and is expected to benefit from expanded collaboration between the UK regulators and the U.S. Nuclear Regulatory Commission ("NRC"), enabling transfer of NRC-reviewed design documentation and safety analyses into UK design reviews.

J. Clay Sell, CEO of X-energy said:

"Across both sides of the Atlantic, X-energy is advancing fleet-scale deployment of our technology, and it begins with a strong regulatory foundation that enables us to drive efficiency from the first project to a full commercial fleet. Together with Centrica, we are advancing the development work required to move from a first project at Hartlepool to a fleet of Xe-100 plants across the country. The UK has the industrial capability, nuclear expertise and policy ambition to lead the deployment of advanced nuclear technology, and we are committed to building the partnerships and supply chain needed to deliver that opportunity."

Chris O'Shea, Chief Executive of Centrica said:

‘‘This is an important milestone in our plans to bring advanced nuclear power to Britain, and it shows the tremendous progress our partnership with X-energy has made in just 12 months. Without energy security, we don’t have true national security. Nuclear has a critical role to play in this.

Deploying advanced nuclear technology at scale, with up to 6GW of new capacity across the UK, will not only strengthen our energy security, but it will create tens of billions of economic value and thousands of highly skilled jobs. 

Starting at Hartlepool, we want to help build a resilient, low-carbon energy system that can power homes and industry for decades to come.’’

Michael Shanks MP, Minister of State for Energy said:

“The UK is leading the way in developing the next generation of nuclear power, and this announcement is another important step towards bringing advanced nuclear technologies to the UK.

“New nuclear projects like these will help us deliver clean, secure and homegrown energy, while bringing investment and jobs to Hartlepool and across the UK supply chain.”

Since their initial September 2025 agreement — announced as part of President Donald J. Trump's State Visit to the United Kingdom — the Companies have carried out important early project activities, including formal Early Engagement with the nuclear regulators, the submission and subsequent acceptance of the Xe-100 into GDA process and submission of a proposal for entry into the UK Government's Advanced Nuclear Pipeline, with the results expected imminently.

The Companies have engaged a range of specialist firms to commence site studies and planning and consenting activities and have collaborated with local bodies in Hartlepool to support workforce development and training, including the launch of a new Nuclear and Electrical Trades Academy.

X-energy's long-standing investment in the UK market builds on a deep national heritage in gas-cooled reactor technology, a field in which the UK played a pioneering role over decades of research and deployment.

This operational pedigree, paired with the ONR's and EA’s experience regulating gas-cooled reactors, makes the UK a natural second geographical market for the Company's reactor and tri-structural isotropic (TRISO) fuel technology, which traces its origins to pioneering British nuclear research.

X-energy's Xe-100 advanced small modular reactor and TRISO-X fuel are designed for enhanced safety and reliability in the delivery of clean energy. Each reactor unit is engineered to provide 80 MW of electricity, or 200 MW thermal heat for industrial uses, and is optimized in multi-unit plants ranging from 320 MW to 960 MW. X-energy is advancing its initial Xe-100 plant with Dow Inc. on the Texas Gulf Coast, and is developing a further plant with Energy Northwest in collaboration with Amazon.

About Centrica

Centrica is a uniquely integrated energy company operating primarily in the UK and Ireland. At the heart of our business is our talented team of 20,000 colleagues, including 7,000 engineers who serve millions of customers every day through trusted brands like British Gas, Bord Gáis Energy and Centrica Business Solutions. Today, we are unique among energy companies in the UK and Ireland, operating across the entire energy value chain through a variety of distinct, but complimentary businesses, all of which share the same purpose – energising a greener, fairer future.

About X-energy

X-energy is a leading designer of advanced small modular nuclear reactors (“SMR”) and fuel technology developed to establish a new standard in clean, safe, reliable energy. X-energy’s intrinsically safe Xe-100 high-temperature gas-cooled reactor and TRISO-X particle fuel expand applications for nuclear technology, with commercial projects across grid, industrial, and AI. Together, X-energy’s technology drives enhanced safety, lower cost, faster construction timelines, and scalable deployment when compared with other SMRs and conventional nuclear. For more information, visit X-energy.com or connect with us on X or LinkedIn.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which X-energy and its subsidiary TRISO-X intend to be covered by the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “will,” “seek,” the negative of these words, or similar terms may identify forward-looking statements, but their absence does not mean a statement is not forward-looking. These include, but are not limited to, statements regarding the intended deployment of up to 6 GW of new nuclear capacity; the expected timing, conduct and completion of the GDA; the anticipated benefits of the expanded collaboration between the UK Regulators and the U.S. Nuclear Regulatory Commission; and the anticipated development and completion of X-energy's other ongoing reactor projects.

You should not rely on these forward-looking statements as predictions of future events. Actual results may differ materially due to a number of factors, including, but not limited to: delays or setbacks in the GDA process; site-specific issues related to licensing, permitting, consenting, or scaling of Xe-100 plants in the UK; changes, delays, or the inability to obtain and maintain licenses or governmental approvals from the UK Office for Nuclear Regulation or other regulatory authorities, and the risk that anticipated cooperation between jurisdictions does not occur as expected; risks relating to the Company's partnership with Centrica, including the parties' ability to perform under and realize the anticipated benefits of the Joint Development Agreement, to secure site development, and to meet expected timelines; changes in UK or U.S. government policy, funding, or support for advanced nuclear; supply chain and supplier constraints; and first-of-a-kind risks and the Company’s limited operating experience at intended scale, including latent design or operational issues. More information about potential risks is detailed under “Risk Factors” in X-energy’s Form 10-Q filed with the Securities and Exchange Commission (the “SEC”), and in subsequent SEC filings, available on X-energy’s Investor Relations website at https://investors.x-energy.com/ and on the SEC website at www.sec.gov. Any forward-looking statements herein are based on assumptions believed reasonable as of, and speak only as of, the date of this press release. Except as required by law, X-energy undertakes no obligation to update these statements as a result of new information or future events.

Contacts

Centrica
Media Relations +44 (0) 1784 843000 media@centrica.com

X-energy
Leon Flexman, UK Corporate Affairs +44 (0) 7920 143732 lflexman@x-energy.com
Robert McEntyre, Corporate Communications +1 240.673.6565 media@x-energy.com
Patricia Gil, Investor Relations +1 301.558.3040 investors@x-energy.com


FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the UK Generic Design Assessment (GDA) process for the Xe-100?

The Generic Design Assessment is a process to assess the Xe-100 reactor design’s acceptability for deployment and operation in the UK ahead of the technical and environmental evaluations required for site-specific licensing and permitting. For the Xe-100, the assessment is expected to take about three years and will be administered by the Office for Nuclear Regulation, the Environment Agency and Natural Resources Wales.

How will UK–U.S. regulatory collaboration support the Xe-100 review?

The Xe-100 GDA submission builds on the reactor’s U.S. licensing progress and is expected to benefit from expanded collaboration between UK regulators and the U.S. Nuclear Regulatory Commission. This collaboration enables transfer of NRC-reviewed design documentation and safety analyses into the UK design reviews, which may improve regulatory efficiency for the Xe-100 in the UK.

What are the key performance characteristics of the Xe-100 reactor?

X-energy’s Xe-100 advanced small modular reactor is designed to deliver 80 MW of electricity per unit, or 200 MW of thermal heat for industrial uses. It uses TRISO-X particle fuel and is optimized for deployment in multi-unit plants ranging from 320 MW to 960 MW total capacity, with a design focus on enhanced safety and reliability in the delivery of clean energy.

What early project work have Centrica and X-energy undertaken in the UK?

Since their initial September 2025 agreement, Centrica and X-energy have carried out early project activities including formal early engagement with UK nuclear regulators, submission and acceptance of the Xe-100 into the GDA process, and submission of a proposal for entry into the UK Government’s Advanced Nuclear Pipeline. They have also engaged specialist firms for site studies, planning and consenting activities, and collaborated with local bodies in Hartlepool to support workforce development, including launching a new Nuclear and Electrical Trades Academy.

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