X-energy, Amazon, and American Electric Power (AEP) have signed a Joint Development Agreement to explore a 960 MW Xe-100 small modular reactor (SMR) project near the former Breed coal plant in Sullivan County, Indiana. Amazon will provide development funding, marking their second collaboration with X-energy to bring over 5 GW of new nuclear capacity to the U.S. grid by 2039. The project aims to add clean, reliable baseload power to meet growing energy demand in Indiana, leveraging advanced nuclear technology with strong safety features. This initiative supports Indiana's energy strategy and could create jobs and economic benefits for local communities.
Amazon shares are up 2.15% at USD 255.37 as of Oct 19, 2026 19:41 WIB on Pluang, reflecting strong investor interest in its expanding energy ventures. American Electric Power, involved in the new SMR project, trades at USD 127.44 with a modest 0.24% gain, showing steady confidence in its utilities sector role. This collaboration highlights growing corporate commitments to clean energy solutions amid ongoing market activity.
