X-Energy Participates in SPAC Insider Podcast

X-Energy Reactor Company, LLC (“X-energy” or the “Company”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, announced today that Chief Executive Officer of X-energy, J. Clay Sell participated in a SPAC Insider podcast.

Click here to hear the podcast.

Among the topics Mr. Sell discusses are:

• How advanced small modular reactors are uniquely positioned in the energy mix for a range of utilities and industrial clients.
• How X-energy's focus on its proprietary nuclear fuel – TRISO-X - has brought a new business model to the space.
• X-energy’s project on the U.S. Gulf Coast with Dow.
• The impact of the Inflation Reduction Act (IRA) on X-energy projects.
• Why the Company decided now is a good time to go public.
• The role advanced nuclear technologies can play in addressing decarbonization goals and increasing energy demand.

Ares Acquisition Corporation (NYSE: AAC) (“AAC”) and X-energy announced earlier this week that on October 13, 2023, the U.S. Securities and Exchange Commission (the “SEC”) declared effective the Registration Statement on Form S-4, as amended (the “Registration Statement”), AAC had filed in connection with the previously announced proposed business combination (the “Business Combination”) with X-energy. An extraordinary general meeting of shareholders (the “Extraordinary General Meeting”) to approve the Business Combination is scheduled to be held on October 31, 2023 at 4:00 p.m. Eastern Time. More information about this announcement can be found here.

About X-Energy Reactor Company, LLC

X-Energy Reactor Company, LLC, is a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation that is redefining the nuclear energy industry through its development of safer and more efficient reactors and proprietary fuel to deliver reliable, zero-carbon and affordable energy to people around the world. X-energy’s simplified, modular, and intrinsically safe SMR design expands applications and markets for deployment of nuclear technology and drives enhanced safety, lower cost and faster construction timelines when compared with conventional nuclear. For more information, visit X-energy.com or connect with us on Twitter or LinkedIn.