Company to invest up to $100 million in Oak Ridge nuclear plant
- On Monday, Kairos Power announced a partnership with Samsung C&T to accelerate construction of the 50-megawatt Hermes 2 demonstration reactor in Oak Ridge, Tennessee, backed by up to $100 million in equity investment and engineering services.
- This collaboration supports Kairos' efforts to develop advanced nuclear technology for Google, with Hermes 2 targeting 2030 operation using fluoride salt coolant and TRISO fuel for enhanced safety.
- Samsung C&T joins the integrated EPC team, bringing experience from building about a dozen nuclear reactors globally to manage systems supporting the core equipment and strengthen project planning.
- While Kairos continues building Hermes 1 to refine its commercial design, Hermes 2 serves as the first commercial-scale reactor, allowing the startup to resolve technical and licensing challenges before larger deployment.
- Beyond this demonstration, the companies plan to standardize KP-FHR plant designs for broader market deployment, positioning the technology to address surging electricity demand from AI data centers.
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Samsung C&T is expanding its Small Modular Reactor (SMR) business into the U.S. next-generation nuclear power technology sector. The company is pursuing not only business cooperation but also an investment worth $70 million (approximately 96.2 billion KRW) with Kairos Power, a U.S. SMR developer. Samsung C&T Construction Division announced on the 22nd that it will sign a strategic business agreement with Kairos Power on the 23rd for the demonstr…
Company to invest up to $100 million in Oak Ridge nuclear plant
OAK RIDGE, Tenn. (WATE) — Samsung C&T plans to invest up to $100 million in a nuclear power plant under construction in Oak Ridge, according to Kairos Power. On Monday, Kairos Power announced that Samsung C&T would make direct investments and provide in-kind engineering services to help them finish building the Hermes 2 Demonstration Plant. [...]
Cairo's power is to build nuclear power plants for Google. The US start-up is supported by the South Korean conglomerate Samsung.
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