By Jarrett Banks
Dow Inc. (NYSE: DOW) and X-Energy Reactor Co., LLC will jointly deploy the first grid-scale advanced nuclear reactor for an industrial site in North America, the companies said in a statement.
Dow and X-energy signed a joint development agreement to develop a four-unit Xe-100 facility at one of Dow’s U.S. Gulf Coast sites, it said. The Department of Energy has made Dow a subawardee under X-energy’s Advanced Reactor Demonstration Program Cooperative Agreement, the statement said.
Dow and X-energy will also develop and license technology applicable to other industrial customers, it said.
“Today’s announcement demonstrates the commercial versatility of the Xe-100 and is an important milestone for the future of advanced nuclear and carbon-free energy around the world,” said X-energy CEO J. Clay Sell. “X-energy’s collaboration with Dow brings added significance because of the immense opportunity to further reduce emissions in the energy-intensive industrial sector.”