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(Image: Doosan Enerbility) |
[Alpha Biz= Reporter Kim Jisun] Doosan Enerbility's investment in X-energy has received a significant boost with Amazon leading a major $500 million (approximately 682.2 billion KRW) equity investment in the small modular reactor (SMR) company. This development has heightened expectations for Doosan Enerbility's potential business expansion in SMR-related equipment supply.
According to industry reports on the 17th, Amazon, along with major U.S. funds such as Citadel, has entered into a $500 million investment agreement with X-energy. X-energy, a fourth-generation SMR company that uses high-temperature gas as a coolant instead of water, had previously received a $5 million investment from Doosan Enerbility in January last year, and DL E&C also acquired X-energy convertible bonds worth $20 million.
Amazon's investment is reportedly aimed at addressing the soaring energy demands of its data centers, fueled by the rapid growth of artificial intelligence (AI) technologies.
With Amazon's large-scale investment in SMR, there is growing anticipation that Doosan Enerbility's SMR-related business may gain momentum. SMR companies typically sign contracts with manufacturers like Doosan Enerbility after securing supply agreements, and companies with equity stakes often enter into supply agreements.
Doosan Enerbility had already signed an agreement with X-energy in January last year to supply key equipment and had also signed a design contract for main equipment in 2021. Industry observers believe that Amazon's investment could bring Doosan Enerbility's equipment supply opportunities with X-energy closer to reality.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
