Kairos Power Secures Up to $100M from Samsung C&T for Nuclear Reactor Development
Kairos Power has selected Samsung C&T as a partner and investor in its effort to build a 50-megawatt demonstration nuclear reactor by 2030. The deal includes an equity investment of up to $70 million from Samsung, along with engineering services valued at around $100 million total. This partnership supports Kairos’s broader agreement with Google to supply half a gigawatt of electricity through multiple reactors by 2035. Kairos is currently constructing two reactors in Oak Ridge, Tennessee: Hermes 1, a low-power demonstrator, and Hermes 2, its first commercial-scale reactor. The project has received regulatory approval from the Nuclear Regulatory Commission and aims to use innovative fluoride salt-cooled high-temperature technology with TRISO fuel to enhance safety. Samsung C&T’s global experience in nuclear construction adds credibility to Kairos's ambitious timeline. The collaboration is expected to accelerate progress, particularly for future reactors required under its agreement with Google.
Topics: AI Infrastructure Engineering Services Nuclear Energy Startups