X‑energy selects Fluor for design and engineering of Washington SMR project
X‑energy announced that Fluor Corporation will provide design, engineering, supply‑chain, estimating and project‑control services for the nuclear island of the Cascade Advanced Energy Facility in Washington. The first phase of the plant will contain four 80 MWe Xe‑100 reactors, delivering 320 MWe, with capacity to expand to 12 units. X‑energy’s shares jumped 8.4% after the news was released.
Why it matters
The contract moves X‑energy’s Amazon‑backed SMR project forward, supporting its goal to deploy 5 GW of nuclear capacity by 2039 and may boost its commercial pipeline. Fluor gains a high‑profile nuclear engineering contract that could lift its order book in the growing SMR market.
Key facts
- 1Fluor will provide engineering, design development, supply chain, estimating and project controls for the nuclear island of the Cascade facility. investing.com
- 2The first phase includes four 80 MWe Xe‑100 reactors, totaling 320 MWe, with the site able to host up to 12 units. mlq.ai
- 3X‑energy reported a commercial pipeline of 11.5 GW, equivalent to 144 Xe‑100 reactors. investing.com
- 4X‑energy shares rose 8.4% on the day of the announcement. mlq.ai
- 5The agreement is the second commercial contract between X‑energy and Fluor for nuclear island engineering. investing.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.