Ken Griffin, Amazon Invest in Next-Generation Nuclear Energy

Amazon latest tech company to back new breed of mini-reactors
Company anchors $500 million in X-Energy to develop SMRs

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By Ari Natter

October 16, 2024 at 12:50 PM UTC

Updated on

October 16, 2024 at 2:47 PM UTC

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Amazon.com Inc. and billionaire financier Ken Griffin are among the backers anchoring a $500 million investment in small nuclear reactors, a burgeoning technology heralded as the next era for atomic energy.

The Seattle-based company has signed agreements to develop the new breed of reactors — dubbed small modular reactors, or SMRs — in both Washington and Virginia, investing in in X-Energy, a privately-held advanced nuclear reactor developer.