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AEP, Amazon, X-energy sign Indiana 960MW SMR deal

By Drooid · Oct 20, 2026, 10:31 PM UTC · How we work

Summary

Amazon Funds Indiana SMR

AEP signed a development agreement with Amazon and X-energy to study a 960 MW SMR plant in Indiana.
Amazon will fund development and plans to buy the plant’s electricity under a long-term contract.
X-energy will supply twelve Xe-100 reactors, each 80 MW, totaling 960 MW.
Governor Mike Braun said the project could create over 1,000 construction jobs and more than 100 permanent positions.

Summary

NRC Issues Assessment

The NRC issued an environmental assessment for X-energy’s Texas Seadrift project, leaving permit pending.
Texas officials sued the Seadrift host over water and solid-waste violations, not targeting X-energy’s reactor.
Amazon led a $700 million Series C-1 round to fund reactor design, licensing, and a Tennessee plant.
X-energy shares rose 2% pre-market and fell back at market open.
Stocktwits users posted bullish messages on XE while posting bearish sentiment on Amazon and AEP.

History

Historical Context

In 2010 the Department of Energy, backed by President Obama and a Senate Energy Committee earmark, granted NuScale Power a $1.2 billion loan guarantee to build a 50-MW SMR at Idaho National Laboratory. That early federal backing mirrors the Infrastructure Investment and Jobs Act’s $6 billion nuclear allocation, now driving new 960-MW Indiana and Texas SMR deals with AEP, Amazon and X-energy.

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Amazon Funds Indiana SMR

AEP signed a development agreement with Amazon and X-energy to study a 960 MW SMR plant in Indiana.
Amazon will fund development and plans to buy the plant’s electricity under a long-term contract.
X-energy will supply twelve Xe-100 reactors, each 80 MW, totaling 960 MW.
Governor Mike Braun said the project could create over 1,000 construction jobs and more than 100 permanent positions.

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