Kairos Power · partnership
Kairos Power Signs Up to $100 Million Samsung C&T Investment and Engineering Deal
Kairos Power signed a binding term sheet for up to $100 million of Samsung C&T investment and engineering support for its Hermes 2 reactor program, but the package remains subject to regulatory approvals.
Has Kairos Power already received $100 million?
No. The agreement provides up to $100 million through direct investment and in-kind engineering services, subject to regulatory approvals; Kairos told TechCrunch that $70 million would be equity.
Orbitrum Investor Impact
Why does the Samsung C&T deal matter for Kairos Power?
It strengthens Kairos Power's financing and adds an experienced nuclear construction company to the engineering, procurement and construction team for Hermes 2 and future reactors.
How is Hermes 2 connected to Google?
Hermes 2 is intended to deliver 50 MW to the TVA grid as the first deployment under Kairos Power's broader agreement supporting Google's electricity demand. TVA will buy the reactor's power, while Google will purchase associated local clean-energy attributes.
Has construction of Hermes 2 started?
Yes. Kairos Power received NRC construction permits in November 2024 and broke ground on the Oak Ridge, Tennessee project in April 2026.
What should investors watch next?
The immediate milestones are regulatory approval of the Samsung C&T investment package and execution of Hermes 2 toward its targeted 2030 operation.
Sources
- Kairos Power — Kairos Power and Samsung C&T Agree to Pursue Strategic Investment and Collaboration for KP-FHR Deployment
- TechCrunch — Kairos Power gets up to $100M from Samsung group to build nuclear reactor for Google
- Tennessee Valley Authority — Nuclear’s New Horizons
Original signal: TechCrunch ↗
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