Over the next six years, X-energy, a clean energy company that specializes in nuclear reactor and fuel design technology, intends to create over 525 new jobs while keeping 260 employees at its new, 125,000-square-foot headquarters at Washingtonian Center in Gaithersburg.
Additionally, with assistance from the Montgomery County Economic Development Corporation and state and municipal incentive programs, the business is establishing a 90,000-square-foot non-nuclear testing and prototyping facility in Frederick.
According to the press release: X-energy, a prominent clean energy generation firm that specializes in nuclear reactor and fuel design technologies, is moving its two Rockville offices into a new, 125,000-square-foot headquarters at Washingtonian Center in Gaithersburg, Maryland. Over the next six years, the company intends to add over 525 new employment while keeping 260 full-time staff.
X-energy’s decision to double down on Montgomery County excites us, said Marc Elrich, the county executive. Our citizens will benefit from this development, which will create hundreds of well-paying jobs and solidify our standing as a hub for cutting-edge technology and sustainable energy innovation. In addition to expanding opportunities for our highly qualified and diverse staff, we are dedicated to assisting sectors that contribute to addressing climate change. I want to applaud X-energy for continuing to develop in Montgomery County, and I appreciate Governor Moore’s commitment in ensuring Maryland stays competitive for these kinds of game-changing enterprises.
For almost a year, X-energy has been working with the Montgomery County Economic Development Corporation (MCEDC), which has helped the company connect with local partners and worker resources, investigate site choices, and comprehend local incentive programs.
Elana Fine, the chair of the MCEDC Board, expressed her excitement that X-energy has decided to stay in Montgomery County. This is the outcome of a solid alliance with X-energy that was developed via several months of intense cooperation. Our joint goal was to match their expansion objectives with the special resources and incentives Montgomery County provides, such as the Montgomery County Job Creation Fund and the MOVE Grant. This choice is a reflection of our business community’s collective dedication to innovation.
The business is establishing a 90,000-square-foot facility in Frederick devoted to non-nuclear testing and prototyping of advanced reactor components in addition to its new Montgomery County headquarters.
This growth demonstrates X-energy’s dedication to the area’s highly qualified personnel pool and innovation environment.
According to X-energy CEO J. Clay Sell, the company was established in Maryland and is honored to call this state home as it embarks on a phase of unparalleled expansion. We are eager to collaborate with Governor Moore and his staff to establish Maryland as a national leader in next-generation nuclear technology, building on the state’s rich history of nuclear innovation.
