NRC LICENSING CIRCUIT
30 PTS
#3 OF 6
▼ STALLING
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.
LOADING MARKET DATA…
Company Profile
Reactor Specs
REACTOR DESIGN
KP-FHR · Fluoride Salt-Cooled
POWER OUTPUT
140 MWe
COOLANT
FLiBe Molten Salt
FUEL TYPE
TRISO Pebbles
TARGET OPERATION
2031
SITE LOCATION
Oak Ridge, TN
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
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
0 DOCUMENTS · SOURCE: NRC ADAMS