The background: In 2024, nuclear developer Kairos announced a partnership with Google to build 500 MW of advanced nuclear reactors by 2035. But first, Kairos has to prove that its tech is ready for primetime.
Now, fresh funding will support the company’s 50-MW molten salt demonstration reactor (known as Hermes 2), which is planned to switch on in 2030. Together, investors including Google Ventures and Samsung C&T are providing $368M, while the DOE is supplying another $275M.
Thu, Oct 15
Molly Glick
Energy Central Team