X-Energy

$Amazon(AMZN.US) is funding a nearly 1 gigawatt nuclear power plant in Indiana to help feed its data centers

$Amazon(AMZN.US), $American Electric Power(AEP.US) and X-energy $X-Energy(XE.US) announced a joint development deal Monday to study building 12 of X-energy's Xe-100 small modular reactors at the site of a retired coal plant in Sullivan County, Indiana

Each reactor makes 80 MW, so the full plant would add 960 MW of carbon-free, around the clock power for the regional grid and $Amazon(AMZN.US)'s data centers

$Amazon(AMZN.US) is putting up milestone-based development capital and intends to buy the power under a long-term contract that covers the plant's costs, so $American Electric Power(AEP.US)'s existing customers are not stuck with the bill

It is the second project in the $Amazon(AMZN.US) and X-energy push to add more than 5 GW of new US nuclear capacity by 2039, following the Cascade facility with Energy Northwest in Washington state. $Amazon(AMZN.US) led X-energy's $700M funding round in 2024

The catch is that this is still feasibility work, with no final investment decision. No Xe-100 is running yet, and X-energy's first plant, a four reactor project at a $Dow(DOW.US) site in Texas, is still in the final stage of NRC review for a construction permit

Last week the market punished AI stocks over how the buildout gets financed. This is the other half of that bill. Power is turning into the real bottleneck, and the hyperscalers are now underwriting their own power plants more than a decade out. $Amazon(AMZN.US) is already backing over 40 GW of carbon-free energy across 700+ projects, but the payoff here runs on nuclear timelines, not earnings calls

Source: StockMarket.News

New: Thiel Macro (Peter Thiel's fund) just dropped their Q2 2026 13F

Thiel showed zero holdings for two straight quarters and now Thiel is back with a reported ~$419M portfolio

Top holdings:

• Amazon $Amazon(AMZN.US): 28.2%

• Vista Energy $Vista Energy(VIST.US): 18.1%

• Vistra $Vistra(VST.US): 14.1%

• American Electric Power $American Electric Power(AEP.US): 10.1%

• DTE Energy $DTE Energy(DTE.US): 9.6%

• FirstEnergy $Firstenergy(FE.US): 9.5%

• CMS Energy $CMS Energy(CMS.US): 9.4%

• X-Energy $X-Energy(XE.US): 0.9%

For context: Thiel co-founded PayPal and Palantir, was the first outside investor in Facebook, and runs Founders Fund, which was the first institutional money into SpaceX

$X-Energy(XE.US) | 𝐗-𝐄𝐧𝐞𝐫𝐠𝐲: Cantor Fitzgerald initiates with 𝐎𝐯𝐞𝐫𝐰𝐞𝐢𝐠𝐡𝐭, sets 𝐏𝐓 𝐚𝐭 $𝟑𝟖

Analyst sees X-Energy uniquely positioned in advanced nuclear, backed by proprietary fuel capabilities and blue-chip partnerships.