Samsung C&T backs Kairos reactor development with equity and engineering
Article image: TechCrunchKairos Power has selected Samsung C&T to help build a demonstration nuclear reactor linked to its Google power agreement. TechCrunch reports a package worth up to $100 million, combining $70 million in equity with in-kind engineering services. The 50-megawatt reactor has a 2030 operating target, not current generation capacity.
DTT summary based on TechCrunch's report. The full article is on the publisher's site.
Round details
Develops fluoride salt-cooled nuclear reactors, including a demonstration reactor for its Google power agreement.
- Combined equity and in-kind engineering package is worth up to $100M.
- 50 MW reactor operating target: 2030, not current generation.
- Equity investment: $70M
- Investors: Samsung C&T