X-Energy Xe-100 SMR + TRISO fuel technology
X-Energy SPAC merger announced with Ares Acquisition Corp at $2B pre-money EV. Strategic investors include OPG, Segra, Dow, Curtiss-Wright. ~$120M committed interim financing. Deal subsequently terminated 2023; X-Energy IPO'd 2026.
$2.00B
Deal Value
Nuclear
Technology
MD
Location
Deal Details
- Deal Type
- Corporate M&A
- Seller / Sponsor
- X-Energy Reactor Company
- Buyer / Financier
- Ares Acquisition Corp (SPAC)
- Deal Value
- $2B pre-money EV (deal terminated 2023)
- Stage
- Growth
- ISO/RTO
- PJM
- Source
- BusinessWire / X-Energy
Related Deals
Xe-100 high-temperature gas-cooled SMR fleet (80 MW per module) — 144 modules ordered to date (~11.5 GW)
X-Energy Reactor Company → Jane Street (lead), Ares Management funds, ARK Invest, Corner Capital, Emerson Collective
$700M (Series D)
X-Energy Xe-100 high-temperature gas-cooled SMR (80 MW per module) — supports planned 5+ GW US deployment by 2039 (incl. 320 MW Cascade Energy Northwest project, WA)
X-Energy Reactor Company → Amazon (lead) + Citadel founder Ken Griffin, Ares Management, NGP, University of Michigan
~$500M (Series C-1)
X-Energy Xe-100 — 4 high-temperature gas reactors (4 × 80 MWe / 200 MWt) at Dow Seadrift TX
X-Energy Reactor Company → Dow Inc.
Undisclosed (Dow took minority equity stake)
FH Capital acquires 75.1% controlling stake in Jinko Solar (U.S.) Industries Inc. — 2 GW solar module manufacturing facility in Jacksonville, Florida (AllianceFlorida at Cecil Commerce Center, ~650 employees) plus a growing US BESS manufacturing line. JinkoSolar Holding retains 24.9%.
JinkoSolar Holding Co., Ltd. (NYSE: JKS) → FH Capital
$191M (per Nikkei Asia)
Salzburg Battery Energy Storage Project — 150 MW / 600 MWh standalone BESS in Midland Township, central Michigan. Permitted, advanced-stage interconnection. Targeted COD 2029-2030.
ESA Solar Energy, LLC → Ørsted
SOLV Energy acquires Roberson Waite Electric (RWE) — Anaheim, CA-based utility substation construction, testing, commissioning, and infrastructure services contractor founded in 1975; expands SOLV’s service capabilities into regulated utility market; RWE will operate as a SOLV company retaining current leadership and customer relationships; expected to close Q3 2026
Roberson Waite Electric → SOLV Energy
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.