Amazon is funding development of a proposed 960-megawatt nuclear plant in Indiana and would be the first customer to buy its power, the companies announced Monday. Utility company American Electric Power (AEP) would operate the plant. X-energy, which designs small modular nuclear reactors and went public in April, would supply the reactors. The new power plant would consist of 12 Xe-100 small modular reactors and be located on the site of a demolished coal power plant just south of Terre Haute. The deal is the second commercial agreement between Amazon and X-energy, and it's three times larger than the first, which was announced two years ago. Amazon has invested heavily in X-energy, leading a $700 million Series C-1 round in October 2024.
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