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American Electric Power Company (NasdaqGS:AEP), Amazon and X-energy are exploring the deployment of up to 12 small modular nuclear reactors at a former coal plant in Indiana. The parties plan to assess repurposing existing coal infrastructure at the site to host X-energy reactors and supporting facilities. Amazon is being evaluated as a contracted buyer of future output from the reactors to supply long-duration power for its operations and data centers. This potential SMR buildout at an AEP coal site is worth weighing alongside the rest of our findings on the utility. Our analysis turns up 2 warning signs (1 major) for American Electric Power Company as well.
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