The advanced nuclear reactor company founded by Bill Gates said it will have to delay the demonstration of its novel reactor technology because its exclusive fuel supply arrangement with Russia has been disrupted by the war in Ukraine.
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X Energy Reactor Company - known as X-energy - has entered into a definitive business combination agreement with Ares Acquisition Corporation. The combination will establish X-energy as a publicly traded company, a move that is expected to accelerate the small modular reactor developer's growth strategy.