American Electric Power (AEP) agreed a joint development deal with X-energy and Amazon for a 960 MW advanced nuclear project in Indiana, which would repurpose a former coal plant site and use X-energy small modular reactor technology. Amazon plans to support the project through funding and a long-term power purchase arrangement, anchoring demand for the output. The article says the project fits AEP's push to serve large-load customers under long-term contracts, alongside a 69 GW pipeline of contracted large loads and a US$78b capital plan. The key next marker is whether the project moves to a formal final investment decision to build 12 Xe 100 units, as it remains a feasibility effort for now.
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