X-Energy, Dow Receive U.S. Nuclear Regulatory Commission Approval Regarding Their Construction Permit Application For Proposed Construction Of Four Xe-100 Advanced Small Modular Reactors In Texas

X-Energy, Inc. (Nasdaq: XE) ("X-energy" or "the Company"), a leading developer of advanced nuclear reactors and fuel technology, and Dow (NYSE:DOW) through its wholly-owned subsidiary Long Mott Energy, LLC ("Dow") today announced that the U.S. Nuclear Regulatory Commission ("NRC") has approved the Construction Permit Application ("CPA") for the proposed construction of four Xe-100 advanced small modular reactors at Dow’s UCC Seadrift Operations site in Texas. The CPA approval makes Long Mott Generating Station the first advanced nuclear facility approved for an industrial site in the United States, a historic milestone achieved under the U.S. Department of Energy’s Advanced Reactor Demonstration Program ("ARDP").