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Kairos Power

DOE demos (Hermes) transitioning to NRC commercial (KP-FHR)

LeadershipMike Laufer
OwnershipPrivate
ValuationUndisclosed
Top investorsGoogle, Gates Frontier, Bechtel, ARPA-E

The program

The machines being built, in order, and what each one proves.

1
Hermes 1Demobuilding · Target 2029

Non-power demonstration reactor.

2
Hermes 2Demobuilding

Two-unit plant; first US utility PPA for a Gen IV reactor (TVA). Sits between Hermes 1 and KP-FHR — a sequence the single criticality_proven_by edge cannot express.

3
KP-FHRCommercialplanned

Commercial fluoride salt-cooled high-temperature reactor.

Designs

3 in the tracker

DesignStageTypeCoolantMWeSiteCriticalityOpen in
Hermes 1DemoMSRMolten Salt (FLiBe)—Oak RidgeTarget - 2029TimelineBuildoutAnatomy
Hermes 2DemoMSRMolten Salt (FLiBe)—Oak RidgeTBDTimelineBuildoutAnatomy
KP-FHRCommercialMSRMolten Salt (FLiBe)140Site TBDPendingTimelineLCOEDesign spaceAnatomy

Manufacturing

1 facility · components in-house, reactors assembled on site

Albuquerque Manufacturing Development CampusComponentsoperating · Albuquerque, New Mexico
Stated capacitynot published

Component manufacturing, pressure vessels, modular construction, fuel fabrication process development and non-nuclear prototype testing. A molten salt production facility on the campus is targeted to be producing salt in 2026. Kairos publishes no reactor-per-year throughput, so this is recorded as a component facility, not a reactor line.

Order book

2 deals · 550 MWe announced · 50 MWe firm

CustomerSiteDesignUnitsMWeFirm MWeCommitment
TVA / GoogleOak RidgeHermes 215050binding
GoogleSite TBDKP-FHR—500—non-binding

Latest

1 tracked events

21 Apr 2026Kairos Power breaks ground on Hermes 2 at Oak Ridge — its first power-producing reactor.