XE News & Analysis

PPL (NYSE: PPL) Partners with X-energy for Nuclear Energy Growth

On April 30, 2026, PPL Corporation (PPL) announced a partnership with X-energy Inc. (NASDAQ: XE) through its subsidiaries, Louisville Gas and Electric Company and Kentucky Utilities. This collaboration aims to explore the deployment of X-energy's Xe-100 small modular reactor for nuclear energy generation. The initiative supports Kentucky's legislative efforts, including a $75 million grant for nuclear site feasibility studies. PPL caters to over 3.6 million customers across Pennsylvania, Kentucky, and Rhode Island, focusing on modernizing utility grids and cleaner energy transitions.