This Newly Public Nuclear IPO Is Already Using AI to Speed Up Reactor Design. Is It a Buy?
AI could accelerate X-Energy's path toward commercial nuclear power.
Overview
X-Energy (NASDAQ: XE) has only been public since April, but it's already strategically placed at the intersection of two of the biggest investment themes in the market: artificial intelligence and nuclear power. In July, the company became a founding member of Project Prometheus, an initiative led by Idaho National Laboratory, Nvidia (NASDAQ: NVDA), and Amazon (NASDAQ: AMZN). The program received $60 million through the Department of Energy, while X-Energy is contributing $10 million of its own capital along with proprietary reactor and nuclear fuel data.
The goal is to integrate advanced AI models into everything from reactor design and regulatory documentation to manufacturing, construction, fuel fabrication, and eventually semi-autonomous operations. For a nuclear company, that's potentially a big deal.
Details
X-Energy's primary reactor is the Xe-100, an 80-megawatt small modular reactor. And the company already has serious customers.
Source
Originally published at www.fool.com.