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South Korea’s DL E&C and Doosan Enerbility are to invest $25m in US-based X-energy to advance the deployment of its Xe-100 advanced small modular reactor (SMR). X-energy said this was a private round of financing pursuant to the company’s previously announced Series C-2 investment round to support global deployment the Xe-100. In addition to the $25m, X-energy is continuing to negotiate the terms of a potential incremental investment from other Korean investors.

Date: Saturday, 21 January 2023
Original article: neimagazine.com/news/newsxe-100-smr-attracts-south-korean-investment-10531971

Company behind Xe-100 technology continuing bid to go public A rendering of an X-energy Xe-100 small modular reactor plant. Courtesy X-energy. US-based small modular reactor developer X-Energy has announced investment from South Korea-based multinationals DL E&C and Doosan Enerbility of $25m (€23m) in a private round of financing to support the advancement of the global deployment of its Xe-100 Generation IV advanced SMR.

Doosan – which will continue to work with X-energy as a major component and system vendor – will engineer, supply and manufacture key components for the Xe-100 plant, including the reactor pressure vessel.

Doosan and X-energy also plan to pursue various applications of the Xe-100 technology such as the provision of power and heat to industrial processes like hydrogen production.

DL E&C will work with X-energy to identify opportunities to support the deployment of Xe-100 plants “on a global scale”.

In addition to the $25m investment from DL E&C and Doosan, X-energy is continuing to negotiate the terms of a potential incremental investment from additional South Korean investors.

Date: Thursday, 19 January 2023
Original article: nucnet.org/news/us-reactor-developer-secures-usd25-million-from-south-korea-to-support-worldwide-smr-deployment-1-3-2023

X-energy Reactor Company, a developer of small modular reactors (SMRs) and fuel technology for clean energy generation, and Ares Acquisition Corporation (AAC), a publicly-traded special purpose acquisition company, have entered into a definitive business combination agreement.

Date: Saturday, 10 December 2022
Original article: neimagazine.com/news/newsx-energy-joins-forces-with-ares-to-go-public-10422354

X Energy Reactor Company - known as X-energy - has entered into a definitive business combination agreement with Ares Acquisition Corporation (AAC). The combination will establish X-energy as a publicly traded company, a move that is expected to accelerate the small modular reactor developer's growth strategy.

Date: Thursday, 08 December 2022
Original article: world-nuclear-news.org/Articles/X-energy-joins-forces-with-Ares-to-go-public

US-based Spring Valley Acquisition Corp, a publicly-traded special purpose acquisition company, announced on 28 April that in a special meeting its shareholders had voted to approve the proposed business combination with NuScale Power. The transaction is expected to raise approximately $380 million from a combination of Spring Valley trust proceeds and private investment in public equity (PIPE) commitments. The Business Combination is expected to close on 2 May, subject to the satisfaction or waiver of all closing conditions.

Date: Wednesday, 04 May 2022
Original article: neimagazine.com/news/newsspring-valley-shareholders-approve-business-combination-with-nuscale-9669625

NuScale Power has completed its merger with Spring Valley Acquisition Corp to create the world's first and only publicly traded small modular reactor (SMR) technology provider. The merged company will use the proceeds from the transaction to accelerate the commercialisation of NuScale's SMR technology.

Date: Wednesday, 04 May 2022
Original article: world-nuclear-news.org/Articles/Completion-of-merger-creates-publicly-traded-SMR-c

Spring Valley Acquisition Corp. shareholders approve deal NuScale says it could deliver its first SMR power plant to a customer as soon as 2027. Courtesy NuScale. The shareholders of the US-based Spring Valley Acquisition Corp. have approved a merger with small modular reactor developer NuScale, which will lead to the creation of a new publicly traded entity called NuScale Power Corporation.

NuScale said in a statement that the transaction is scheduled for completion on 2 May 2022 after which the new company will begin trading on the New York stock exchange under the ticker SMR and SMR WS.

The merger is being handled through a Spac, or special purpose acquisition company, in this case the Dallas-based Spring Valley Acquisition Corp. This type of merger typically requires minimum cash proceeds to the company that will assume the public listing. Those proceeds can be a combination of private investment (known as Pipe, for private investment in public equity) and money invested in the publicly traded Spac.

Date: Saturday, 30 April 2022
Original article: nucnet.org/news/nuscale-to-form-publicly-traded-company-after-merger-given-go-ahead-4-5-2022

The successor to USEC has emerged from bankruptcy protection with a new name: Centrus Energy Corp (New York Stock Exchange ticker name: LEU).

Date: Wednesday, 01 October 2014
Original article: neimagazine.com/news/newsgoodbye-usec-hello-centrus-4391451

The bankruptcy court for the District of Delaware has confirmed USEC Inc's plan of reorganization, which becomes effective later in September. USEC will then emerge from Chapter 11 restructuring under the name Centrus Energy Corp.

Date: Monday, 08 September 2014
Original article: world-nuclear-news.org/Articles/USEC-Inc-reorganization-gets-court-approval

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