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Nuclear startup X-energy raises $1B in data center-driven IPO

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Nuclear startup X-energy raised $1 billion in its initial public offering yesterday, selling 44.3 million shares for $23 each, a hefty premium above the $16 to $19 per share it was seeking. Initially, the company had hoped to raise around $800 million.

The stock is expected to begin trading on Friday on the Nasdaq Exchange under the ticker XE.

X-energy is building small modular reactors capable of generating electricity or delivering heat to industrial processes. The company has a deal with Dow to provide heat and power to a chemical plant in Texas and another with Amazon to sell as much as 5 gigawatts of nuclear power by 2039. Amazon’s Climate Pledge Fund led X-energy’s Series C-1 round.

Nuclear startups like X-energy have been buoyed by surging demand for electricity from data centers and other parts of the economy that have been electrifying.

The company says its reactors will generate 80 megawatts of electricity. Each Xe-100 reactor is cooled by helium gas, which flows over billiard ball-sized “pebbles” that are packed with BB-sized TRISO fuel pellets. TRISO fuel, which contains a kernel of uranium wrapped in carbon and silicon, was developed years ago to be safer than existing fuel designs, though it hasn’t been widely used. X-energy says its fuel can withstand higher temperatures, helping to keep the fuel contained and reduce the potential of a meltdown.

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“I Kept Trying It In Training” — Uroko Reveals Secret Behind Stunning Free-Kick Against USFA

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Edo Queens midfielder Valentina Uroko has revealed that her stunning free-kick against USFA was the result of repeated practice in training, after the Nigerian champions powered into the final of the CAF Women’s Champions League WAFU-B qualifying tournament with a commanding 5-1 victory.

READ ALSO: Edo Queens Demolish USFA 5-1, Storm WAFU-B Champions League Final

Uroko produced a moment of brilliance at the Stade 4 Août in Ouagadougou on Wednesday, scoring from an almost unimaginable position to give Edo Queens a 3-0 lead just before half-time.

The midfielder said she had repeatedly practised the technique during training and was delighted to see it finally produce a goal on the continental stage.

“I practise it in training and it is something that I kept trying, so I’m happy that it turned out good today,” Uroko said.

Her spectacular strike came in the 45th minute, shortly after Chioma Moses had doubled Edo Queens’ advantage.

Earlier, Atume Doosuur had opened the scoring in the 17th minute as the reigning NWFL champions established control of the semi-final.

Edo Queens returned from the break with even greater intensity, with Doshima Tarnum scoring directly from a corner just a minute into the second half to make it 4-0.

Aminat Folorunsho completed the scoring for the Nigerian side in the 62nd minute, effectively putting the contest beyond USFA before the hosts managed a consolation goal in the 91st minute.

The emphatic result sends Edo Queens into the WAFU-B final, keeping their hopes of regional glory and qualification for the CAF Women’s Champions League alive.

The Benin-based side had earlier opened their campaign with a remarkable 7-0 demolition of AS Garde Nationale of Niger Republic, followed by a 3-1 victory over ASEC Mimosas in their first two Group B matches.

Their only defeat came in the final group game when Ghanaian champions Ampem Darkoa Ladies edged them 2-1 on Sunday.

Edo Queens could now meet Ampem Darkoa again in the final, setting up the possibility of a rematch with the Ghanaian champions.

Despite scoring one of the highlights of the tournament and helping Edo Queens reach the final, Uroko insisted that the team must remain focused.

“I will remain focused and not carry it away because we are not there yet,” she added.

For Uroko, the spectacular free-kick was a reward for persistence in training. For Edo Queens, however, the bigger prize is now within touching distance.

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NNPC Ltd Reports NGN7.91tn Statutory Payments, 100% Pipeline Availability

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NNPC Limited Delivers NGN7,913 Billion in Statutory Payments, Sustains 100% Upstream Pipeline Availability for Second Consecutive Month

NNPC Ltd. has released its Monthly Report Summary for July 2026.

Cumulative statutory payments for January to July 2026 reached NGN7,913 Billion, up from NGN6,286 Billion for January to June 2026, reflecting a month-on-month addition of NGN1,627 Billion. Similarly, upstream pipeline availability was sustained at 100% for the second consecutive month.

The post NNPC Ltd Reports NGN7.91tn Statutory Payments, 100% Pipeline Availability appeared first on Business Today NG.

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