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TRISO-X Completes Vertical Construction of TX-1 Fuel Fabrication Facility

Construction has moved to the interior systems and equipment needed to prepare TX-1 for commercial operations.

(Moderate)
(Very Positive)
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X-energy (XE) subsidiary TRISO-X announced on September 24, 2026, that it completed vertical construction of the TX-1 fuel facility in Oak Ridge.

The primary structure of the 214,000-square-foot facility is finished. Work now shifts to interior construction, fuel fabrication equipment installation and supporting facilities. Once operational, TX-1 is expected to produce approximately 700,000 fuel pebbles annually, equivalent to 5 metric tons of uranium, with capacity to fuel up to 11 Xe-100 reactors.

TRISO-X received a 40-year Special Nuclear Material License for TX-1 from the U.S. Nuclear Regulatory Commission earlier in 2026. The facility is initially intended to support X-energy's proposed Xe-100 project at Dow's Seadrift site in Texas.

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Positive

  • 214,000-square-foot TX-1 primary structure completed
  • 40-year NRC facility license granted earlier in 2026

Negative

  • None.

Market Context

The Aug. 24 TX-1 construction-phase update coincided with a 3% decline in XE; today's vertical-const...
Analysis

The Aug. 24 TX-1 construction-phase update coincided with a 3% decline in XE; today's vertical-construction completion advances the same facility buildout, making that earlier response relevant project-specific context, not a forecast.

Key Figures

Facility size: 214,000 square feet Annual fuel pebble output: Approximately 700,000 TRISO-X fuel pebbles Annual uranium equivalent: 5 metric tons of uranium (MTU) +2 more
Facility size
214,000 square feet
TX-1 facility
Annual fuel pebble output
Approximately 700,000 TRISO-X fuel pebbles
Expected production once operational
Annual uranium equivalent
5 metric tons of uranium (MTU)
Equivalent to expected annual fuel pebble output
Reactor fuel capacity
Up to 11 Xe-100 reactors
Capacity once TX-1 is operational
Special Nuclear Material License
40 years
NRC license granted earlier in 2026

Historical Context

1 past event · Latest: Aug 24
1 event
  1. Aug 24

    Construction update

    24h Move
    -3.0%

    TRISO-X began TX-1's next construction phase, including interior buildout and equipment installation.

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

Key Terms

high-assay low-enriched uranium, special nuclear material license, small modular reactor
3 terms
high-assay low-enriched uranium technical
"for the processing of high-assay low-enriched uranium."
High-assay low-enriched uranium (HALEU) is uranium processed to contain a higher percentage of the atom that sustains a nuclear chain reaction (U‑235) than standard reactor fuel but well below weapons-grade, typically about 5–20% U‑235. It matters to investors because HALEU is the preferred fuel for many advanced reactors and some medical isotope production, so its availability, production capacity, regulation and geopolitical risks can materially affect project timelines, supplier contracts and valuation of companies in the nuclear supply chain.
special nuclear material license regulatory
"a 40-year Special Nuclear Material License for the facility"
A special nuclear material license is an official government permit that allows an organization to possess, use, store or transport certain radioactive substances (like enriched uranium or plutonium) that have strict safety and security rules. For investors it signals regulatory burden and cost — obtaining, maintaining or losing the license can affect a company’s ability to operate, add delays, require expensive safeguards, and create legal or cleanup liabilities, much like a driver’s license is required to legally and safely operate a car.
small modular reactor technical
"Xe-100 advanced small modular reactor at Dow Inc.’s"
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.

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  • Completion of vertical construction marks major milestone for first-in-the-nation commercial scale advanced nuclear fuel fabrication facility
  • Project advances into interior buildout, fuel fabrication equipment installation and construction of supporting facilities

OAK RIDGE, Tenn., Sept. 24, 2026 (GLOBE NEWSWIRE) -- TRISO-X, LLC ("TRISO-X" or the “Company”), a wholly-owned subsidiary of X-Energy, Inc. (Nasdaq: XE) (“X-energy”), today announced the completion of vertical construction at TX-1, its first-in-the-nation advanced nuclear fuel fabrication facility in Oak Ridge, Tennessee. The milestone completes the primary building structure of the 214,000-square-foot facility and enables the project to advance fully into its next phase of construction, including interior buildout, installation of fuel fabrication equipment and continued construction of supporting facilities.

“Completing vertical construction is a major milestone for TX-1 and another tangible demonstration of the progress our team is making in Oak Ridge,” said Joel Duling, President of TRISO-X. “We are moving from constructing the core and shell of the facility to building out the interior utilities, installing manufacturing equipment, and constructing key support capabilities. Every milestone brings us closer to establishing a new domestic source of advanced nuclear fuel and supporting the deployment of the next generation of American nuclear reactors.”

Clark Construction Group continues to serve as construction contractor, leading interior buildout of the facility’s process equipment and administration building, installation of fuel fabrication equipment, and construction of an adjacent graphite matrix powder building. Last month, TRISO-X announced that it had initiated elements of this next phase as vertical construction neared completion. With the structure now complete, construction activity shifts to the systems, equipment and infrastructure required to prepare TX-1 for commercial operations.

Once operational, TX-1 is expected to produce approximately 700,000 TRISO-X fuel pebbles annually, equivalent to 5 metric tons of uranium (“MTU”), with capacity to provide fuel for up to 11 Xe-100 reactors. The U.S. Nuclear Regulatory Commission (“NRC”) granted TRISO-X a 40-year Special Nuclear Material License for the facility earlier this year, the first-ever NRC Category 2 fuel fabrication license issued for the processing of high-assay low-enriched uranium. TX-1 is expected to be the first new commercial-scale advanced U.S. nuclear fuel fabrication facility built in more than 50 years.

The completion of vertical construction builds on a period of sustained progress across TRISO-X’s Oak Ridge operations. In recent months, the Company expanded its nuclear fuel campus by approximately 70 acres, extended its cooperative research and development relationship with Oak Ridge National Laboratory, initiated construction of TX-L, a dedicated research and development facility, and received economic development support from the State of Tennessee for continued expansion of its advanced nuclear fuel campus.

TX-1 is being developed initially to support X-energy’s proposed deployment of its Xe-100 advanced small modular reactor at Dow Inc.’s UCC Seadrift Operations manufacturing site in Texas through the U.S. Department of Energy’s Advanced Reactor Demonstration Program. X-energy is also advancing additional Xe-100 projects in partnership with Energy Northwest, Amazon, and Centrica as demand grows for secure, reliable, and scalable nuclear energy.

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 next phase of TX-1 construction; TX-1's expected capacity; the expected benefits of the Company's Oak Ridge campus; and the anticipated development and completion of X-energy's 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, cost increases, or setbacks in the construction and interior buildout, licensing, or scaling of TX-1 and the Company's fuel fabrication campus; changes, delays, or inability to obtain and maintain licenses or governmental approvals; 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.

Contact

Robert McEntyre, Corporate Communications
media@x-energy.com
+1 240.673.6565

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.

How much fuel is X-energy's TX-1 facility expected to produce?

Once operational, TX-1 is expected to produce approximately 700,000 TRISO-X fuel pebbles annually, equivalent to 5 metric tons of uranium. Its stated capacity could provide fuel for up to 11 Xe-100 reactors.

What license did TRISO-X receive for the TX-1 fuel facility?

TRISO-X received a 40-year Special Nuclear Material License from the U.S. Nuclear Regulatory Commission earlier in 2026. It was the first NRC Category 2 fuel fabrication license issued for processing high-assay low-enriched uranium.

Who is handling the next phase of construction at X-energy's TX-1 facility?

Clark Construction Group remains the construction contractor. Its work includes the interior buildout of the process equipment and administration building, fuel fabrication equipment installation, and construction of an adjacent graphite matrix powder building.

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