SilverTrader47
Oct 30, 12:41 AM
$AEP $AMZN $DOW $XE @Special3D @Antmoss @k53 @BuddhaLove
X-Energy should benefit from another project with Amazon amid strong demand for clean energy from hyperscalers, UBS said in a note.
The firm and American Electric Power reported a deal to advance feasibility work for a 960-megawatt small modular reactor project with Amazon as the primary off-taker.
The project represents Amazon's second deployment under its deal with XE to build over 5 gigawatts of nuclear capacity by 2039, the report said.
"The announcement is a significant positive for
$XE and further underscores Amazon's role as a significant committed customer of
$XE," the report said.
The note said the project is also showing that demand for clean energy is outstripping available supply.
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