- Nuclear power company will invest $100 million in low-power demonstration reactor site
- Low-power demonstration reactor will be at East Tennessee Technology Park
Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Bob Rolfe and Kairos Power officials announced today that the privately funded, advanced nuclear engineering company will establish a low-power demonstration reactor in Oak Ridge.
Kairos Power will invest $100 million and create 55 jobs to deploy a low-power demonstration reactor at the East Tennessee Technology Park in Oak Ridge.
Kairos Power’s low-power demonstration reactor, called Hermes, will demonstrate the company’s capability to deliver low-cost nuclear heat. The Hermes reactor is a scaled version of Kairos Power’s Fluoride Salt-Cooled High Temperature Reactor (KP-FHR), an advanced reactor technology that aims to be cost competitive with natural gas in the U.S. electricity market in order to provide carbon-free, affordable and safe energy. The project will be a redevelopment of a site at the Heritage Center, a former U.S. Department of Energy site complex.
Scheduled to be operational in 2026, the Hermes reactor will move forward Kairos Power’s iterative development process from prototype toward commercial scale by demonstrating complete nuclear systems, advancing Kairos Power’s manufacturing capabilities for critical components, testing the supply chain and facilitating licensing certainty for the KP-FHR.
Kairos Power received $303 million in funding from the U.S. Department of Energy and Office of Nuclear Energy’s program for Risk Reduction projects to support the design, licensing and construction of the Hermes low-power demonstration reactor. Hermes is intended to lead to the development of the Kairos Power KP-X, a commercial-scale KP-FHR..
Kairos Power is a mission driven engineering company launched out of a broad research effort at U.S. 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 United States and internationally.
Over the last five years, TNECD has supported nearly 70 economic development projects in East Tennessee, accounting for 9,000 job commitments and $2.5 billion in capital investment.