X-energy Reactor Company, LLC ("X-energy" or the "Company"), a leading developer of advanced nuclear reactors and fuel technology, and Talen Energy Corporation ("Talen") ((TLN), a leading independent power producer, signed a Letter of Intent ("LOI") to assess deploying X-energy's Xe-100 small modular reactors ("SMR") in Pennsylvania and across the PJM Interconnection Regional Transmission Organization ("PJM") market. X-energy and Talen ("the Companies") will explore opportunities to deploy three or more four-unit Xe-100 plants to add clean baseload capacity to help support reliability and meet growing energy demand from onshoring of manufacturing, data centers, and electrification.

Under the agreement, X-energy and Talen plan to conduct early-stage project development activities, including feasibility studies, site evaluations, and a project execution framework. While specific siting parameters have yet to be finalized, the Companies intend to assess opportunities to transition fossil-fired generation to nuclear power through X-energy SMRs, leveraging established infrastructure, transmission connectivity, and workforce resources.