X-energy, Ares call off merger plan

November 3, 2023, 9:31AMNuclear News

X-energy, the Rockville, Md.–based small modular reactor/nuclear fuel developer, and Ares Acquisition Corporation (AAC), a publicly traded special-purpose acquisition company, have agreed to terminate their business combination agreement, effective immediately, the companies announced this week.

NRC begins public engagement for TRISO-X fuel facility license application

February 9, 2023, 12:01PMNuclear News
A rendering of the TRISO-X fuel fabrication facility. (Image: DOE)

The Nuclear Regulatory Commission recently presented its proposed 30-month licensing review timeline of TRISO-X’s planned fuel fabrication facility at the project’s first-ever public meeting in Oak Ridge, Tenn.

TRISO-X, a subsidiary of X-energy, has requested a 40-year license to possess and use special nuclear material to manufacture advanced fuel. The facility would be the first-ever commercial-scale fuel fabrication plant focused on using high-assay low-enriched uranium (HALEU).