X-energy

An advanced nuclear reactor and small modular reactor (SMR) developer

Analytics date: 02.06.2026

Basic information

Head office

530 Gaither Road, Suite 700, Rockville, MD 20850
Head office
Geography of business
United States of America
- United States of America
- United Kingdom
- Canada
Geography of business
Date of the last round

Last round 11/2025
Date of the last round
Total funds raised

$1.7B+
Total funds raised

Analytics date: 02.06.2026

Industry analysis

Electricity 2026

The world is in the midst of a profound energy transformation, as electricity demand surges at its fastest pace in decades, reshaping how power is generated, distributed, and consumed. The International Energy Agency's Electricity 2026 report maps this shift in detail — forecasting demand, supply, emissions, prices, and grid resilience through the end of the decade.

Why AI is so “thirsty”

Artificial intelligence now consumes more electricity and water than global Bitcoin mining did in 2024.

Why Fears of a Trillion-Dollar AI Bubble Are Growing

For almost as long as the artificial intelligence boom has been in full swing, there have been warnings of a speculative bubble that could rival the dot-com craze of the late 1990s that ended in a spectacular crash and a wave of bankruptcies...

Where to find the power

Nvidia's and OpenAI's 'monumental' data center plan has an equally massive problem: Where to find the power. It's unclear where all the electricity that the companies need will come from. The U.S. is forecast to add 63 gigawatts of power to the grid this year, according to EIA data . Nivida's and OpenAI's 10 gigawatts of data centers are equivalent to a big chunk, 16%, of the new power that will be deployed in 2025.

More than 90% of the new power that the U.S. is expected to add this year will come from solar, wind or battery storage, according to EIA. "The power requirement is largely going to be coming from the new energy sector or not at all," said Kevin Smith, CEO of Arevon, a solar and battery storage developer headquartered in Scottsdale, Arizona, that's active in 17 states.

Competitor analysis

Leaders in the ratio of valuation to investment

The histogram shows the ratio of the company's value to the volume of investments received. The post-money estimate of the last round is taken as the cost of the company. The volume of investments is the amount of funds raised by the company during all rounds + debt financing. The histogram shows the coefficient obtained by dividing the value of the company by the amount of investments received by it. Accordingly, the higher the coefficient, the better: the less money the company needed to achieve its valuation. The companies on the histogram are arranged in descending order of the coefficient.

Growth rates of companies in the sector

This chart illustrates the progression of private companies' official valuations over time. The post-money valuation of the company during each official financing round is depicted. Each data point represents an investment round, with the company's valuation expressed in US dollars. The timeline is displayed in quarters. By default, the most recent quarters are visible, but you can navigate to earlier periods using the left scroll. To view the chart in full screen, utilize the chart submenu options.