North America Nuclear Power Revival Gains Momentum: Repurposing fossil fuel power into nuclear, tax credits for SMRs
X-Energy and TransAlta Collaborate on Feasibility Study in Canada. The US separately issues $148 Million in Tax Credits for Small Modular Reactor development
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Nuclear power is experiencing a revival in North America, with X-Energy at the forefront.
In the US, X-Energy receives $148.5 million tax credit to build a fuel fabrication facility in Tennessee, supporting the development of small modular reactors.
In Canada, X-Energy partners with TransAlta to study the deployment of Xe-100 SMRs in Alberta, Canada, focusing on repurposing fossil fuel power plants.
The project aims to reduce emissions and aligns with Alberta's goal of achieving net-zero carbon emissions by 2050.
X-Energy's Xe-100 SMR is a high-temperature gas-cooled 80 MW reactor, scalable to 320 MW, and is under review by Canada regulators.
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