AEP, X-energy and Amazon Study Nuclear Plant Project in Indiana
AEP, X-energy and Amazon are assessing a 960 MW small modular reactor project at a former coal plant site in Indiana, according to TradingView and Dow Jones.
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what happened
American Electric Power and X-energy have signed a joint development agreement to test whether a 960-megawatt advanced nuclear plant can be built on a former coal plant site in Sullivan County, Indiana. Amazon is financing the development phase. If the project reaches a final investment decision, Amazon plans to buy the electricity under a long-term contract that would cover the facility's construction and operating costs.
The plant would use twelve Xe-100 small modular reactors of 80 MW each. According to AEP, the agreements will provide financial safeguards for its customers and investors. Indiana Governor Mike Braun backed the initiative, pointing to possible jobs and a larger tax base. Dow Jones Newswires also reported the details.
why it matters
The project is still at the feasibility stage, so construction and power supply are not guaranteed. For markets, the deal shows rising demand from large technology buyers for stable baseload generation, a theme relevant to nuclear suppliers and utilities.
market impact
AEP, X-energy: long-term nuclear power contract with Amazon highlights demand for baseload supply
tags
instruments
sources
- AEP Partners with Amazon and X-energy to Explore Advanced Nuclear Energy in Indiana — TradingView, 19 October 2026 at 12:30 UTC
- AEP, X-Energy and Amazon Partner to Explore Constructing Nuclear Energy Project in Indiana — Dow Jones Newswires, 19 October 2026 at 13:03 UTC
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