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Kairos Power, a privately funded, advanced nuclear technology company, will invest $ 100 million to build a low-power demonstration reactor at East Tennessee Technology Park in Oak Ridge, Tennessee. The company plans to create 55 jobs.
Kairos Power’s low-power demonstration reactor, named Hermes, will demonstrate the company’s ability to provide inexpensive nuclear heat. The Hermes Reactor is a scaled-up version of Kairos Power’s Fluoride Salt-Cooled High Temperature Reactor (KP-FHR), an advanced reactor technology that aims to compete in the U.S. electricity market with natural gas to produce carbon-free, affordable ones. provide and secure energy. The project is a redevelopment of a site in the Heritage Center, a former site of the US Department of Energy.
“We are very excited to join the Oak Ridge Community and build on the rich technological heritage of East Tennessee Technology Park. The opportunity to demonstrate Kairos Power’s advanced nuclear technology in Tennessee marks a major milestone on the road to a clean and affordable energy system in the United States. We are grateful for the support of our partners at Oak Ridge National Laboratory, the Tennessee Valley Authority, the City of Oak Ridge, the East Tennessee Economic Council, the Oak Ridge Industrial Development Board, and the Tennessee Department of Economic and Community Development, and look forward to continued growth and engagement in Tennessee, ”remarked Mike Laufer, CEO and co-founder of Kairos Power.
According to state officials, the Hermes reactor should go into operation in 2026, a certainty for the KP-FHR.
“Oak Ridge continues to lead the way in breakthrough technology, and we recognize Kairos Power for joining in this effort. I am proud of the energy development in Tennessee that will have a positive impact on the US and the world. We thank Kairos Power for choosing to develop their test reactor here in Tennessee to support their mission to develop innovative nuclear technology that will advance the US, ”said Governor Bill Lee.
Kairos Power received $ 303 million in funding from the U.S. Department of Energy and the Office of Nuclear Energy’s Risk Mitigation Program to support the design, licensing and construction of the Hermes low-power demonstration reactor. Hermes is expected to lead to the development of the Kairos Power KP-X, a KP-FHR on a commercial scale.
“The Oak Ridge Corridor is at the forefront of science and technology in the United States, and this partnership with Kairos Power is a great achievement for Tennessee and the nuclear world. The combination of resources working to provide innovative nuclear power is backed by our strong science and energy sectors and the excellent work that is done daily at Oak Ridge National Laboratory under the direction of Dr. Zacharia is carried out. I congratulate Kairos Power on this groundbreaking project, ”said TNECD Commissioner Bob Rolfe.
Kairos Power is a mission-oriented engineering company that emerged from extensive research at US universities and national laboratories. The company was founded to accelerate the development of an innovative nuclear technology that has the potential to transform the energy landscape in the US and internationally.
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