X-energy to work with Ontario Power Generation to advance the engineering and design work of the Xe-100 small modular reactor technology in Canada

X-energy is pleased to work with Ontario Power Generation (OPG) to further advance the engineering and design work of the Xe-100 small modular reactor (SMR) technology for use in Canada. In a release earlier today, the Ontario utility announced plans to "advance the design and engineering of grid-scale reactors," including X-energy's Xe-100. "It is a privilege to be working with OPG to advance the engineering work in Canada for our Xe-100 design," says Clay Sell, X-energy's CEO. "OPG has demonstrated incredible leadership in advancing reliable and affordable low-carbon power options." Ken Hartwick, OPG President and CEO said, "OPG is leveraging more than 50 years of nuclear experience to support the development of carbon-free nuclear technology." He also stated, "SMRs will play a key role in helping to re-invigorate Ontario's economy and further support the province and Canada as they work toward meeting their climate change targets of zero-emission electricity." The announcement follows a due diligence process by OPG in collaboration with other major energy utilities for SMR development in Ontario that would pave the way for the potential deployment of SMRs in other jurisdictions.