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2026 Annual Conference
May 31–June 3, 2026
Denver, CO|Sheraton Denver
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X-energy raises $700M in latest funding round
Advanced reactor developer X-energy has announced that it has closed an oversubscribed Series D financing round of approximately $700 million. The funding proceeds are expected to be used to help continue the expansion of its supply chain and the commercial pipeline for its Xe-100 advanced small modular reactor and TRISO-X fuel, according the company.
P. H. Chaubernard, G. Lelarge d’Ervau, R. Pfertzel
Nuclear Technology | Volume 38 | Number 2 | April 1978 | Pages 204-208
Technical Paper | Low-Temperature Nuclear Heat / Reactor | doi.org/10.13182/NT78-A32013
Articles are hosted by Taylor and Francis Online.
Oil consumption in a refinery is ∼6% of the production, which indicates a great interest in the use of nuclear heat to save oil. A high-temperature reactor (HTR) was designed to be used in an existing refinery in France having a crude oil through-put of 20 Tg/yr. The HTR produces only one part of the process heat, which is distributed by hot helium in a localized part of the refinery to decrease the length of helium ducts. The present boiler is kept in operation and is running at 30% capacity to have steam and electricity available in case of reactor shutdown. With a 1000 MW of thermal energy reactor, the amount of fuel conserved is 500 Gg/yr. The studies have shown that it was technically possible to use an HTR to provide a large part of the energy. However, economic calculations lead to a prime cost of conserved crude oil of almost twice the existing price. This situation could change if the cost of the crude oil increases significantly.