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via finance.yahoo.comBusiness & Companies

Amazon to fund 12 small nuclear reactors at former Indiana coal plant

FROM THE WIRE · FINANCE.YAHOO.COM

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…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishEnergy deal between Amazon, X-energy and AEP that reinforces cloud power demand.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The project is a proposed 960-megawatt nuclear plant in Indiana.
  2. 02AEP would operate the plant and Amazon would be the first buyer.
  3. 03X-energy would supply 12 Xe-100 small modular reactors.
  4. 04It is the second commercial agreement between Amazon and X-energy.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Amazon.com, Inc.AMZNStock262.12 USD-0.16%today +4.85%Positive American Electric Power Company, Inc.AEPStock125.03 USD0.00%today -1.66%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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