X-energy, Toyo Tanso Announce Graphite Supply Agreement for Initial Xe-100 Deployment [Yahoo! Finance]
Dow Inc. (DOW)
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Source: Yahoo! Finance
announced a Definitive Supply Agreement with Toyo Tanso USA, Inc., a subsidiary of Toyo Tanso Co., Ltd. ("Toyo Tanso"), to supply fine-grain graphite components for the first deployment of X-energy's Xe-100 small modular reactor ("SMR"). The agreement, valued at approximately $40 million, is a significant milestone for the proposed Long Mott Generating Station, a four-unit plant on the Texas Gulf Coast in partnership with Dow, Inc. ("Dow"), and supported by the U.S. Department of Energy's Advanced Reactor Demonstration Program Under the agreement, Toyo Tanso has agreed to manufacture graphite core structural components using their specialized IG-110 fine-grain isotropic graphite for the four Xe-100 reactors proposed for Dow's project at its UCC Seadrift Operations site in Texas . Separately, X-energy and Toyo Tanso are in discussions regarding graphite components for the Cascade Advanced Energy Facility , X-energy's second project with Energy Northwest in Washington state, and the f
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