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MegadealsSubsidy Tracker Individual Entry
Company: X Energy, LLC
Parent Company:
X-Energy LLC
Subsidy Source: federal
State in Which Facility Is Located: Maryland
Project Description: COMPETITIVE COOPERATIVE AGREEMENT: ADVANCED REACTOR DEMONSTRATION FOA# DE-FOA-0002271 PATHWAY 1 ADVANCED REACTOR DEMONSTRATIONS (DEMOS) AWARD TO X ENERGY, LLC THIS PROGRAM IS INTENDED TO FACILITATE THE DEVELOPMENT OF U.S. PRIVATE INDUSTRY ADVANCED NUCLEAR REACTOR DEMONSTRATIONS. IT WILL PROVIDE FUNDING FOR SEVERAL ADVANCED REACTORS THAT ARE RELIABLE, COST EFFECTIVE, LICENSABLE, AND COMMERCIALLY VIABLE. THESE DESIGNS ARE EXPECTED TO ENABLE A MARKET ENVIRONMENT IN WHICH COMMERCIAL REACTOR SERVICES ARE AVAILABLE THAT ARE SAFE AND AFFORDABLE TO BOTH CONSTRUCT AND OPERATE WHEN COMPARED TO COMPETING, ALTERNATIVE SOURCES OF ENERGY IN THE NEAR- AND MID-TERM. THESE DESIGNS ARE EXPECTED TO PROVIDE SIGNIFICANT IMPROVEMENTS IN SAFETY, SECURITY, ECONOMICS, AND ENVIRONMENTAL IMPACTS OVER CURRENT NUCLEAR POWER PLANT DESIGNS.
Year: 2021
Major Industry of Parent: utilities and power generation
Specific Industry of Parent: nuclear reactor development
Subsidy Value: $226,725,354
Program Name: Nuclear Energy Research, Development and Demonstration
Catalog of Federal Domestic Assistance code: 81.121
Awarding Agency: Department of Energy
Type of Subsidy: federal grant
Source of Data:
(click here)
Notes: Year is first year of award performance period. Subsidy value is cumulative obligated total to date. Program name is per the Catalog of Federal Domestic Assistance code.
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