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DOE, Kairos Unveil Milestone-Based Funding Agreement for Advanced Nuclear Demonstration Project

Sonal Patel of Power reports on Kairos Power’s funding agreement with the Department of Energy.

The C3 Take
  • The funding agreement will see Kairos receive fixed payments from the Department of Energy after achieving specific milestones.
  • Kairos Power’s Hermes reactor, which recently received approval from the Nuclear Regulatory Commission, is a 35 megawatt molten-salt reactor.
  • Kairos still needs additional regulatory approval to build its reactor, which it plans to do at the site of East Tennessee Technology Park Heritage Center in Oak Ridge.

“In December 2023, notably, the company secured a construction permit from the Nuclear Regulatory Commission (NRC) to build the non-power demonstration reactor in Tennessee. The approval marks the NRC’s first green light for the construction of a non-water-cooled reactor in more than 50 years. Kairos, however, must first secure a separate NRC operating license before it can begin operating the Hermes demonstration to comply with the regulatory body’s two-step, 10 CFR Part 50 licensing process.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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