Ares Management Corporation

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X-energy Finalizes $235 Million Series C Financing

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: X-energy, Ares Management Corporation


X-Energy Reactor Company, LLC, a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, announced that it has completed its Series C financing round with an additional $80 million from Ares Management Corporation and X-energy Founder, Kam Ghaffarian. This additional $80 million brings the total capital raised in the Series C financing round to $235 million, including anticipated conversions of certain of the Company’s outstanding convertible notes. Previous investors in the Series C financing round include Ontario Power Generation, Curtiss-Wright Corporation, DL E&C, and Doosan Enerbility.

Read more at X-energy News