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The NRC completed its Environmental Assessment for Dow (NYSE:DOW) and X-energy (NASDAQ:XE) regarding a proposed advanced nuclear project at Seadrift, Texas, issuing a Finding of No Significant Impact (FONSI). The Long Mott Generating Station would supply electricity and high-temperature steam to Dow’s UCC Seadrift Operations.
The project, supported by the U.S. DOE’s Advanced Reactor Demonstration Program, is expected to be the first grid-scale advanced nuclear reactor serving an industrial site in North America. The EA drew on extensive field surveys and highlights environmental benefits of X-energy’s 80 MW XE-100 high-temperature gas-cooled reactor.
LG&E and KU (subsidiaries of PPL) and X-energy (NASDAQ: XE) are collaborating to explore deployment of X-energy's Xe-100 small modular reactor (SMR) in Kentucky through early feasibility work to support long-term, reliable, clean baseload power and large-load customers.
The effort aligns with Kentucky's recent policy moves, including a $75 million Nuclear Reactor Site Readiness Pilot Program (three projects up to $25 million each) and a 2025 Public Service Commission case on nuclear development; cost recovery for permitting may be permitted for regulated utilities.
X-energy (NASDAQ:XE) priced an upsized initial public offering of 44,254,659 shares of Class A common stock at $23.00 per share, with a 30-day underwriter option for up to 6,638,198 additional shares. Shares are expected to begin trading on April 24, 2026 and the offering is expected to close on April 27, 2026, subject to customary closing conditions. The registration statement was declared effective by the SEC on April 23, 2026. Lead joint book-running managers include J.P. Morgan, Morgan Stanley, Jefferies, and Moelis & Company.