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X-energy and Ares Acquisition Corporation Announce Strategic Update to Business Combination Terms to Reinforce Long-Term Value Creation Opportunity and Alignment with Shareholders

Updated Terms Establish More Attractive Investment Entry Point for Shareholders Companies Reaffirm Commitment to Complete Transaction X-energy Completes Key Milestones for Advanced Nuclear. | June 12, 2023

New yorkUnited statesNew york stock exchangeDavid kaplanYork stock exchangeAres management corporationUs department of energyReactor demonstration programExchange commissionDow incReactor companyUs nuclear regulatory commissionPartner of ares management corporationAres acquisition corporationX energy reactor companyFinal design readiness review

CSRWire - Dow s Seadrift, Texas Location Selected for X-Energy Advanced SMR Nuclear Project To Deliver Safe, Reliable, Zero Carbon Emissions Power and Steam Production

Dow and X-Energy Reactor Company, LLC announced today that Dow has selected its UCC1 Seadrift Operations manufacturing site in Texas for its proposed advanced small modular reactor nuclear project.

State of texasUnited statesNew yorkCalhoun countyNew york stock exchangeOak ridgeJacob silberGreg masonJim fitterlingClay sellGreg abbottDow seadriftRichard meyerJarrod erpeldingKyle bandlowCarl drake

Dow Inc : Dow s Seadrift, Texas Location Selected for X-Energy Advanced SMR Nuclear Project To Deliver Safe, Reliable, Zero Carbon Emissions Power and Steam Production

Seadrift site's power and steam needs match capabilities of X-energy's Xe-100 small modular reactorDow and X-energy to prepare and submit Construction Permit applications to the U.S. Nuclear Regulatory

State of texasUnited statesOak ridgeCalhoun countyNew york stock exchangeNew yorkJacob silberKyle bandlowGreg abbottCarl drakeGreg masonStefan klotterDow seadriftRichard meyerClay sellJarrod erpelding

Dow s Seadrift, Texas Location Selected for X-Energy Advanced SMR Nuclear Project To Deliver Safe, Reliable, Zero Carbon Emissions Power and Steam Production

Dow s Seadrift, Texas Location Selected for X-Energy Advanced SMR Nuclear Project To Deliver Safe, Reliable, Zero Carbon Emissions Power and Steam Production
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United statesCalhoun countyState of texasOak ridgeNew york stock exchangeNew yorkRichard meyerGreg masonJarrod erpeldingDow seadriftClay sellGreg abbottJim fitterlingJacob silberCarl drakeKyle bandlow

Dow s Seadrift, Texas location selected for X-energy advanced SMR nuclear project to deliver safe, reliable, zero carbon emissions power and steam production

/PRNewswire/ Dow (NYSE: DOW), the world s leading materials science company, and X-Energy Reactor Company, LLC ("X-energy"), a leading developer of advanced.

State of texasUnited statesOak ridgeNew yorkNew york stock exchangeCalhoun countyJacob silberGreg abbottDow seadriftJarrod erpeldingClay sellRichard meyerGreg masonJim fitterlingCarl drakeKyle bandlow