Kairos Power has picked engineering firm Samsung C&T to help build its 50 megawatt demonstration reactor for Google, which the nuclear startup is aiming to have completed by 2030.
The equity investment will make up $70 million of the total, a Kairos spokesperson told TechCrunch.
Google first signed a deal with the company in fall 2024, calling on Kairos to build nuclear reactors capable of generating about half a gigawatt of electricity by 2035.
The startup received approval from the Nuclear Regulatory Commission to build the reactors in November 2024.
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Kairos Power has picked engineering firm Samsung C&T to help build its 50 megawatt demonstration reactor for Google, which the nuclear startup is aiming to have completed by 2030.
As part of the deal, Samsung C&T will make an equity investment in Kairos and provide “in-kind” engineering services, the combination of which is worth up to $100 million, Kairos Power said Monday. The equity investment will make up $70 million of the total, a Kairos spokesperson told TechCrunch.
Samsung C&T has built or helped build about a dozen nuclear reactors around the globe.
Google first signed a deal with the company in fall 2024, calling on Kairos to build nuclear reactors capable of generating about half a gigawatt of electricity by 2035.
Now, Kairos is building two reactors in Oak Ridge, Tennessee. The second, Hermes 2, is Kairos’s first commercial-scale reactor.
The startup received approval from the Nuclear Regulatory Commission to build the reactors in November 2024.
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