StocksMedium•19 October 2026•
1 min read
AEP Partners with Amazon and X-energy for Advanced Nuclear Project in Indiana
Key Facts
1American Electric Power announced a joint development agreement with X-energy to evaluate a 960-megawatt advanced nuclear energy project.
2The project aims to provide reliable power for Amazon while including financial safeguards for AEP's customers and investors.
American Electric Power announced a joint development agreement with X-energy to evaluate the feasibility of constructing a 960-megawatt advanced nuclear energy project in Indiana. PR Newswire reported that the project aims to provide reliable power for Amazon while incorporating financial safeguards to protect AEP's customers and investors from development risks.
The initial proposal involves 12 Xe-100 units of 80 megawatts each at a former coal plant site to support growing energy demand from data centers. AEP closed at $127.14 on October 16, 2026, while AMZN closed at $250 on the same date.