Kairos Power Revenue and Competitors

Kairos Power LLC is a new nuclear energy technology and engineering company whose mission is to enable the world's transition to clean energy, with the ultimate goal of dramatically improving people's quality of life while protecting the environment. This goal will be accomplished through the commercialization of the fluoride salt-cooled high temperature reactor (FHR) that can be deployed with robust safety, affordable costs, and flexible operation to accommodate the expansion of variable renewables under current renewable portfolio standards. Kairos Power's development roadmap is focused on prototype demonstration by 2030 followed by a large deployment ramp in U.S. electricity market in the late 2030s as a large fraction of the existing natural gas generating capacity will need to be replaced. Kairos Power's FHR technology is uniquely suited to replace this generating capacity due to the capability to more than double power output by co-fire of natural gas at high conversion efficiency. Kairos Power has secured funding through 2020 to complete conceptual design and to resolve all major technical viability issues. Kairos Power will also leverage a large non-nuclear technology development program, including work with simulant and prototypical fluids, to accelerate the learning cycle between the design and test programs. Kairos Power is backed by highly informed and patient capital investors who understand the long development time required for new energy technologies to come into the market, but recognize that Kairos Power has the potential to transform our energy supply in the 2030s and beyond.