Company to invest up to $100 million in Oak Ridge nuclear plant
8 Articles
8 Articles
Samsung C&T is expanding its Small Modular Reactor (SMR) business into the U.S. next-generation nuclear power technology sector. The company is pursuing not only business cooperation but also an investment worth $70 million (approximately 96.2 billion KRW) with Kairos Power, a U.S. SMR developer. Samsung C&T Construction Division announced on the 22nd that it will sign a strategic business agreement with Kairos Power on the 23rd for the demonstr…
Company to invest up to $100 million in Oak Ridge nuclear plant
OAK RIDGE, Tenn. (WATE) — Samsung C&T plans to invest up to $100 million in a nuclear power plant under construction in Oak Ridge, according to Kairos Power. On Monday, Kairos Power announced that Samsung C&T would make direct investments and provide in-kind engineering services to help them finish building the Hermes 2 Demonstration Plant. [...]
Samsung C&T is expanding its scope from a 'construction company' that wins nuclear power plant contracts to an 'investment development operator' that provides capital from the early stages of a project.
US nuclear energy startup Kairos Power has received approval from the US Nuclear Regulatory Commission (NRC) to begin construction of two test reactors in Oak Ridge, Tennessee. This approval comes after Google received permission in October to install 500...
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