Kairos Power Begins Construction on Hermes Low-Power Demonstration Reactor
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- Kairos Power has started construction on the Hermes Low-Power Demonstration Reactor in Oak Ridge, Tennessee, marking the first non-light-water reactor permitted in the U.S. in over 50 years. - The Hermes project, targeted to be operational in 2027, will generate $100 million in local investment and create 55+ high-paying jobs in East Tennessee. - The U.S. Department of Energy will invest up to $303 million in Hermes through a performance-based milestone contract, supporting its design, construction, and commissioning. - The project is a collaboration between Kairos Power, Barnard Construction Company, and several national laboratories, aiming to advance nuclear technology and transform the energy landscape.