X-Energy reported strong Q2 2026 financial results, with total revenues and grant income increasing 154% to $54.6 million, largely due to engineering work for the Advanced Reactor Demonstration Program (ARDP). The company secured an additional $1 billion in DOE funding for ARDP, bringing the total cost share to $2.115 billion, and finalized long-term HALEU enrichment agreements to ensure fuel supply for its Xe-100 projects. Construction of the TX1 fuel fabrication facility is 80% complete, and X-Energy is leveraging AI in nuclear development and collaborating on Project Prometheus, maintaining a strong liquidity position of $1.9 billion post-IPO.
S
Read full storySahm
Original source
