Kairos Lands $643M for Hermes 2 Reactor in Tennessee neutronbytes.com

Kairos Power secured $643 million for its Hermes 2 demonstration reactor in Oak Ridge, Tennessee: $368 million from investors including Google Ventures and DCVC, plus $275 million from the U.S. Department of Energy. CEO Mike Laufer told Bloomberg the funding will support reactor development and expand Kairos’s manufacturing capacity in New Mexico; Samsung C&T has separately agreed to provide up to $100 million through investment and engineering services.