Dow, a materials science company, and X-energy, a nuclear energy innovation company, have signed a letter of intent that will help Dow advance its carbon emissions reduction goals. Dow and X-energy will collaborate with the intent to deploy X-energy's Xe-100 high-temperature gas reactor technology at one of Dow's United States Gulf Coast sites – which is expected to be operational by approximately 2030. The Xe-100 reactor plant would provide cost-competitive, carbon-free process heat and power to the Dow facility. Dow also intends to take a minority equity stake in X-energy, working with the company to deploy small modular nuclear technology.
The United States Department of Energy has recognized that advanced small modular nuclear reactor technology is a key part of the department's goal to develop safe, clean, and affordable nuclear power options. In 2020, X-energy was selected by the U.S. Department of Energy's Advanced Reactor Demonstration Program to deliver a four-unit Xe-100 plant in Washington State, which will make it among the first operational grid-scale advanced reactor plants in North America.
It also builds on Dow's efforts to continue transitioning its sites and operations globally to cleaner power. Last year, the company expanded its access to renewable power to more than 900 megawatts and obtained more than 25% of its purchased electricity from renewable sources. Today, Dow is reportedly among the top 20 users of clean energy among global corporations.