💡Kairos Power Chooses Samsung C&T for 50MW Reactor, Worth $100M
Google's nuclear reactor partner picks a builder
TL;DR
Kairos Power selected Samsung C&T to build a 50MW reactor, part of a $100M deal. The reactor will help Kairos Power meet its 2035 deadline with Google for 500MW of nuclear power.
Kairos Power has selected Samsung C&T to build a 50 megawatt demonstration reactor, a key step in meeting its 2035 deadline with Google for 500MW of nuclear power. This deal is worth up to $100 million, with $70 million as an equity investment. Samsung C&T's expertise in nuclear reactor construction will be crucial for Kairos Power to accelerate its timeline. The reactor, expected to be completed by 2030, will refine Kairos Power's commercial design for its first full-scale reactor, Hermes 2, set to begin operating in 2030. This partnership is a significant milestone for Kairos Power, which is building two reactors in Oak Ridge, Tennessee, and aims to have its first power plant operational within five years.
Key Points
Kairos Power selected Samsung C&T to build a 50MW reactor, part of a $100M deal with $70M equity investment.
Samsung C&T has built or helped build about a dozen nuclear reactors globally, bringing crucial expertise to Kairos Power.
The reactor is expected to be completed by 2030, refining Kairos Power's commercial design for its first full-scale reactor, Hermes 2.
Hermes 2, a fluoride salt-cooled high-temperature reactor, is expected to begin operating in 2030, in line with the original agreement with Google.
Kairos Power is using TRISO fuel, encapsulating tiny seeds of uranium in layers of ceramic and carbon, to prevent meltdowns.
Why It Matters
If you're following Google's energy strategy, this deal is a big deal. Kairos Power's reactor will refine its commercial design, crucial for meeting Google's 2035 deadline for 500MW of nuclear power. Samsung C&T's expertise in nuclear reactor construction will be key to accelerating Kairos Power's timeline, making this partnership a significant milestone for both companies.
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