X-energy (Nasdaq: XE) and SGL Carbon announced a binding agreement to double SGL’s production capacity for medium-grain isotropic graphite NBG-18, a nuclear-grade material central to X-energy’s Xe-100 high-temperature gas-cooled reactor. X-energy will invest up to $8 million in milestone-based payments to upgrade SGL’s Chedde, France site, enabling graphite billet production for up to 8 Xe-100 reactors per year. SGL will also expand U.S. capacity to machine billets into graphite blocks, aiming to improve continuity for this safety-critical, long-lead material. Full execution is expected to double European NBG-18 manufacturing capacity by 2030, building on a 10-year Supplier Framework Agreement signed in January 2026 that included an initial three-year award valued at over $100 million for X-energy’s first commercial projects, including its proposed four-unit Xe-100 plant with Dow (NYSE: DOW).
X-energy (NASDAQ: XE) announced it will report its second quarter 2026 financial results and operational highlights on Thursday, August 13, 2026, with a press release issued before the market opens.
The company will host a webcast and conference call at 8:00 a.m. ET, accessible via the Events & Presentations section of its Investor Relations website, where presentation materials will also be available. A replay of the webcast will be hosted on the site for at least one year. X-energy designs advanced small modular nuclear reactors and TRISO-X fuel for clean, safe and reliable energy applications across grid, industrial and AI markets. The company also uses its website, Investor Relations page and social media accounts on X and LinkedIn to share material information and meet Regulation FD obligations.
X-energy (Nasdaq: XE) has been named a founding Tier 1 partner in Project Prometheus, a three-year AI-for-nuclear research initiative led by Idaho National Laboratory, NVIDIA and AWS. The project was awarded $60 million under the U.S. Department of Energy’s Genesis Mission.
X-energy will contribute $10 million in private capital and provide proprietary data and designs for its Xe-100 small modular reactor and TRISO-X fuel. Its HTGR technology will serve as a core technical platform, with the company expecting to leverage AI advancements across its 11 GW commercial nuclear pipeline in the U.S. and U.K.
TRISO-X, a subsidiary of X-energy (NASDAQ: XE), received an $11 million economic development grant from the State of Tennessee to support expansion of its advanced nuclear fuel fabrication campus in Oak Ridge. The funding, from Tennessee’s Nuclear Energy Supply Chain Investment Fund, will help advance a potential second commercial fuel facility (TX-2) and a dedicated R&D center (TX-L) adjacent to the first facility (TX-1), now under construction with the U.S. Department of Energy.
According to the company, TX-1, TX-2 and TX-L are designed to create one of the world’s largest commercial-scale nuclear fuel campuses, with capacity to fuel about 55 Xe-100 reactors, representing roughly 4.5 GW of power for 3.3 million U.S. homes. TRISO-X holds a 40-year NRC Special Nuclear Material License covering TX-1 and TX-2 and expects more than 1,000 permanent jobs from TX-2.
X-energy (Nasdaq: XE) reported 1Q 2026 total revenues and grant income of $43.4 million, up 109% year-over-year, driven mainly by ARDP work with the DOE. Operating expenses rose to $109.5 million. Liquidity totaled $944 million with no debt, excluding about $1.1 billion of IPO net proceeds closed in April 2026.
Key milestones included an NRC FONSI for Dow’s Seadrift project, a 40-year Part 70 fuel fabrication license, a 10-year graphite supply agreement, U.K. GDA application submission, and a project pipeline of 144 Xe-100 reactors totaling about 11.5 GWe.
X-energy (NASDAQ: XE) has submitted its Xe-100 high-temperature gas-cooled reactor (HTGR) design for the UK’s Generic Design Assessment (GDA), a key step in licensing.
The GDA, led by UK regulators, is expected to conclude by end-2029 and supports plans with Centrica to deploy up to 6 GW of advanced nuclear, including a proposed 12-unit/960 MWe Xe-100 plant at Hartlepool. Company studies estimate at least £40 billion lifetime economic value, with about £12 billion from the first project.
X-energy (NASDAQ:XE) will report first quarter 2026 results for X-Energy Reactor Company, LLC and provide operational highlights on June 4, 2026. A press release will be issued before the market opens, followed by a webcast and conference call at 8:00 a.m. ET.
The NRC completed its Environmental Assessment for Dow (NYSE:DOW) and X-energy (NASDAQ:XE) regarding a proposed advanced nuclear project at Seadrift, Texas, issuing a Finding of No Significant Impact (FONSI). The Long Mott Generating Station would supply electricity and high-temperature steam to Dow’s UCC Seadrift Operations.
The project, supported by the U.S. DOE’s Advanced Reactor Demonstration Program, is expected to be the first grid-scale advanced nuclear reactor serving an industrial site in North America. The EA drew on extensive field surveys and highlights environmental benefits of X-energy’s 80 MW XE-100 high-temperature gas-cooled reactor.
LG&E and KU (subsidiaries of PPL) and X-energy (NASDAQ: XE) are collaborating to explore deployment of X-energy's Xe-100 small modular reactor (SMR) in Kentucky through early feasibility work to support long-term, reliable, clean baseload power and large-load customers.
The effort aligns with Kentucky's recent policy moves, including a $75 million Nuclear Reactor Site Readiness Pilot Program (three projects up to $25 million each) and a 2025 Public Service Commission case on nuclear development; cost recovery for permitting may be permitted for regulated utilities.
X-energy (NASDAQ:XE) priced an upsized initial public offering of 44,254,659 shares of Class A common stock at $23.00 per share, with a 30-day underwriter option for up to 6,638,198 additional shares. Shares are expected to begin trading on April 24, 2026 and the offering is expected to close on April 27, 2026, subject to customary closing conditions. The registration statement was declared effective by the SEC on April 23, 2026. Lead joint book-running managers include J.P. Morgan, Morgan Stanley, Jefferies, and Moelis & Company.