X-energy, an advanced nuclear reactor and fuel company, will expand its footprint in Montgomery County.
The company currently operates from two spaces in Rockville. It plans to consolidate its headquarters to a 125,000-square-foot facility on Washingtonian Boulevard in Gaithersburg.
Those plans include adding 525 new jobs over the next six years to its current workforce of 260 fulltime employees.
The company also purchased a building in Frederick to host its first integrated test and training facility.
Official Reactions
“X-energy’s expansion in Montgomery and Frederick counties is an investment in Maryland and in our state’s vital energy and sustainability sector,” Gov. Wes Moore wrote in a news release. “While X-energy works to power our future, we will work hand in hand to make sure all Marylanders feel the benefits of clean energy for years to come and enhance our competitive edge across the region.”
X-energy Chief Executive Officer J. Clay Sell stated, “X-energy was founded in Maryland, and we are proud to call this state our home as we enter a period of unprecedented growth.”
“We’re excited that X-energy is doubling down on Montgomery County,” said Montgomery County Executive Mark Elrich in a statement.
“This expansion is a win for our residents, bringing hundreds of good-paying jobs and strengthening our position as a center for innovation in clean energy and advanced technology. We are committed to supporting industries that help address climate change while creating more opportunities for our highly skilled and diverse workforce.”
State Support
To assist with project costs, the Maryland Department of Commerce is working to approve two conditional loans totaling $2.35 million through Advantage Maryland. Montgomery County would provide up to $500,000 through its Job Creation Fund Program and up to $150,000 through its MOVE Grant Program. The company also qualifies for state and local tax credits.
