Strategic investment and engineering collaboration · Climate tech
Kairos Power agrees to up to $100m Samsung C&T collaboration
The agreement combines direct investment and engineering services, subject to regulatory approvals.
Kairos Power and Samsung C&T agreed to pursue up to $100 million in direct investment and in-kind engineering services, subject to regulatory approvals.
The collaboration will support construction of the Hermes 2 demonstration plant, expand manufacturing capabilities and establish engineering practices for future commercial deployments. Hermes 2 is planned as a 50 MWe grid-connected demonstration of Kairos Power's fluoride salt-cooled reactor technology.
Use of funds
Finance construction of the Hermes 2 demonstration plant
Expand high-temperature reactor manufacturing workforce
Establish engineering framework for scaled commercial deployments
Funding history
Strategic investment and engineering collaboration · This round≤$100M