CORIUMNuclear Regulatory Intelligence
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KAIROS POWER
FOUNDED
2016
HQ
Alameda, CA
TYPE
Private
DOCKET
05200068
NRC LICENSING CIRCUIT
30 PTS
#3 OF 6
STALLING
LICENSING STAGE50 pts
MOMENTUM BONUS
STALL PENALTY--20 pts
SUSPENSION
TOTAL30 pts
HOW WE SCORE →
Signal Indicators
FUNDING STRENGTHHIGH
$600M+ raised · DOE ARDP recipient
COMMERCIAL TRACTIONMEDIUM
Google PPA signed · test reactor only
REGULATORY MOMENTUMHIGH
Active safety review · on track
SUPPLY CHAIN READINESSMEDIUM
TRISO supply limited · fluoride salt immature

Signal indicators reflect Corium editorial assessment based on public data. Not investment advice.

NUSCALEOKLO
LOADING MARKET DATA…
NRC ADVANCED REACTOR CIRCUIT
UNDER NRC SAFETY REVIEW
NO RECENT ACTIVITYLast activity: September 1, 2024
Last verified: April 2026 · Source: NRC ADAMS / Press Release · Scoring methodology ℹ
Recent Activity
Company Profile

Kairos Power, headquartered in Alameda, California, is developing the KP-FHR — a fluoride salt-cooled high temperature reactor that uses TRISO fuel pebbles suspended in liquid fluoride salt. The design operates at high temperature with low pressure, enabling inherent safety without active cooling systems. Kairos is building the Hermes test reactor in Oak Ridge, Tennessee — the first non-light water reactor construction permit application accepted by the NRC since the 1970s, and currently under active safety review. Google signed a power purchase agreement with Kairos in 2023, targeting commercial deployment from 2030. The company is a recipient of the DOE Advanced Reactor Demonstration Program and is considered one of the most technically credible next-generation reactor developers in the US.

VISIT KAIROS POWER
Reactor Specs
REACTOR DESIGN
KP-FHR · Fluoride Salt-Cooled

Uses molten fluoride salt as coolant instead of water. Operates at higher temperature for greater thermal efficiency.

POWER OUTPUT
140 MWe

Powers ~113,820 average US homes. A standard large nuclear plant produces ~1,000 MWe.

COOLANT
FLiBe Molten Salt

Very high boiling point means low operating pressure. Chemically stable. Salt solidifies if leaked — passive containment.

FUEL TYPE
TRISO Pebbles

Tristructural isotropic fuel: uranium encased in ceramic layers that cannot melt. Each particle acts as its own micro containment vessel.

TARGET OPERATION
2031

US nuclear projects historically require 7–10 years from construction permit to first power. The 2031 target assumes factory-built modular components and no major regulatory delays.

SITE LOCATION
Oak Ridge, TN

Oak Ridge, Tennessee — home of the DOE's Oak Ridge National Laboratory. Deep US nuclear R&D heritage since the Manhattan Project.

Licensing Milestone Tracker
PRE-APPLICATION
2021
APPLICATION
Sep 2023
UNDER REVIEW
Nov 2023
RAI RESOLVED
DESIGN CERTIFIED
CONSTRUCTION PERMIT
Investor Intelligence
Capital Overview
TOTAL RAISED
$600M+
disclosed rounds
LAST ROUND
UNDISCLOSED
Series C · 2023
GOVT GRANTS
$629M
DOE ARDP cost-share
VALUATION
PRIVATE
not publicly disclosed
Key Agreements
COUNTERPARTY
TYPE
CAPACITY
STATUS
YEAR
Google
PPA
PPA
ACTIVE
2023
DOE ARDP
GOVT
GOVT
ACTIVE
2020
BWXT
MOU
MOU
TRISO
ACTIVE
2022
Corium Assessment
Independent analysis · Not investment advice
STRENGTH
Most technically credible next-generation design
TRISO fuel cannot melt. Fluoride salt coolant operates at atmospheric pressure. Google PPA signals sophisticated buyer confidence.
~ WATCH
Hermes test reactor — critical proof point
Hermes is a non-power test reactor. The commercial KP-FHR is a larger, more complex machine. Successful Hermes operation is necessary but not sufficient.
RISK
Fluoride salt supply chain immature
Commercial fluoride salt coolant supply chain does not exist at scale. Will require parallel industrial development alongside the reactor program.
Corium assessments are independent editorial analysis based on public information. Not investment advice. Data sourced from NRC ADAMS, company filings, and press releases.
NRC Regulatory Journey
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