Kairos Power lines up $643M for Tennessee reactor, including $275M from DOE
Co-founder Mike Laufer's package combines private investment from GV, DCVC and Samsung C&T with federal financing for Kairos' Oak Ridge demonstration program.
By Ryan Merket · Published
Primary source: Bloomberg Technology
Why it matters
Kairos' $643M package puts private capital and DOE financing behind a reactor program whose commercial case depends on building and learning through successive demonstrations. The NRC's 2029 Hermes 1 deadline keeps the execution timeline in view.
Mike Laufer, Kairos Power's co-founder and CEO, has lined up a $643 million funding package for Kairos Power's Tennessee reactor program, including $368 million from private backers and $275 million in U.S. Department of Energy financing, Bloomberg reported on October 14th. Bloomberg did not report a valuation.…