Ares Management and Kam Ghaffarian led a $235m Series C round in X-energy.

Ares Management, a private equity firm, and Kam Ghaffarian, a Founder of X-energy, led a $235m Series C round in X-energy with participation from Ontario Power Generation, Curtiss-Wright, Daelim Industrial and Doosan Enerbility. “We are grateful to all of our investors for supporting X-energy and advancing our mission to meet growing energy demands facing the world today with clean, safe, affordable, and reliable solutions. We are proud of the technology advancements our team has developed and are excited about the market opportunities expected to underpin our growth going forward. Combined with our technological advantages and strategic customer and investor collaborations, X-energy is poised to generate value and execute our growth strategy,” Kam Ghaffarian, X-energy Founder and Executive Chairman.