Todays announcement demonstrates the commercial versatility of the Xe-100 and is an important milestone for the future of advanced nuclear and carbon-free energy around the world. X-energys collaboration with Dow brings added
significance because of the immense opportunity to further reduce emissions in the energy-intensive industrial sector, said X-energy CEO J. Clay Sell. From the beginning to the end of the supply
chain, our technology can supply both power and heat to businesses in most sectors of the economy to help limit their carbon footprint. We are thrilled to work with Dow to deliver a successful project and illustrate the broad, highly flexible
applications of X-energys proprietary nuclear energy technology.
X-energy is a leading developer of a more advanced small modular reactor (SMR) and proprietary fuel for
carbon-free and reliable baseload power production. Unlike existing light water and other small modular reactors, X-energys HTGR technology can also support broad industrial use applications through its
high-temperature heat and steam output that can be integrated into and address the needs of both large and regional electricity and/or industrial manufacturing systems. The four-reactor Xe-100 nuclear plant
will provide a Dow facility with cost-competitive, low carbon process heat and power to make essential products used by consumers and businesses every day. Importantly, X-energys innovative and
simplified modular design is road-shippable and intended to drive scalability, accelerate construction timelines and create more predictable and manageable construction costs.
X-energy was selected by DOE in 2020 to receive up to $1.2 billion under the ARDP in federal cost-shared funding
to develop, license, build, and demonstrate an operational advanced reactor and fuel fabrication facility by the end of the decade. Since that award, X-energy has completed the engineering and basic design of
the nuclear reactor, advanced development of a fuel fabrication facility in Oak Ridge, Tennessee, and is preparing to submit an application for licensure to the NRC.
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Dow
Dow (NYSE: DOW) combines global breadth; asset integration and scale; focused innovation and materials science expertise; leading business positions; and
environmental, social and governance leadership to achieve profitable growth and help deliver a sustainable future. The Companys ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company
in the world. Dows portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a broad range of differentiated, science-based products and solutions for its customers in high-growth market segments, such as
packaging, infrastructure, mobility and consumer applications. Dow operates manufacturing sites in 31 countries and employs approximately 37,800 people. Dow delivered sales of approximately $57 billion in 2022. References to Dow or the Company
mean Dow Inc. and its subsidiaries. For more information, please visit www.dow.com or follow @DowNewsroom on Twitter.
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financial condition, and other matters, and often contain words or phrases such as anticipate, believe, estimate, expect, intend, may, opportunity,
outlook, plan, project, seek, should, strategy, target, will, will be, will continue, will likely result,
would and similar expressions, and variations or negatives of these words or phrases.