Amazon funds and will buy power from a 960 MW SMR study with AEP and X‑energy in Indiana
American Electric Power and X‑energy have signed a joint development agreement to study a 960‑megawatt small modular reactor project in Sullivan County, Indiana. Amazon will provide development capital and intends to purchase the electricity under a long‑term power‑purchase agreement. The proposed plant would consist of 12 Xe‑100 reactors, each 80 MW, on the former Breed Generating Station site.
Why it matters
Amazon secures a dedicated source of carbon‑free power for its data centers, supporting its net‑zero by 2040 goal. AEP gains financing and a long‑term off‑take partner, reducing risk for its customers and investors. X‑energy’s shares rose 9.8% in pre‑market trading, reflecting market optimism about the project.
Key facts
- 1The project would generate 960 MW of capacity using 12 Xe‑100 reactors of 80 MW each. prnewswire.com
- 2Amazon will provide development funding for the project. stocktitan.net
- 3Amazon intends to purchase the power under a long‑term contract. prnewswire.com
- 4X‑energy shares rose 9.8% in pre‑market trading after the announcement. seekingalpha.com
- 5AEP shares traded at $127.00, down 0.11%, after the news. rttnews.com
Summary written by AlphAI AI Desk from 9 of 9 sources. Not investment advice. Figures are as stated by the linked sources.