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TVA to Collaborate with Kairos Power on Development of a 140 MWe Advanced SMR
Kairos Power and the Tennessee Valley Authority (TVA) have announced plans to collaborate on deploying a low-power demonstration small modular reactor (SMR) at the East Tennessee Technology Park (ETTP)(map) in Oak Ridge, Tennessee. The project is a paradigm change for TVA which in its early site permit for the Clinch River site for an SMR only referenced light water reactor designs and did not indicate a preference for any of them.
Board OKs tax incentive for test reactor project
Oakridger
The Oak Ridge Industrial Development Board recently approved a tax incentive for a test reactor called Hermes at the East Tennessee Technology Park in the west end of the city.
City Manager Mark Watson laid out the recommended payment in lieu of taxes (PILT) agreement in a letter to the Industrial Development Board (IDB) before the board approved the proposal.
The city plans to offer a 10-year, 50% tax abatement for any land, buildings and personal property subject to property taxation that is part of the project.
Watson recommended the applicant, Kairos Power LLC, choose a period of 10 consecutive tax years for the agreement, commencing with the 2022 tax year but ending not later than the 2034 tax year, to receive this abatement.
06 May 2021
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The Tennessee Valley Authority (TVA) is to provide engineering, operations and licensing support to help Kairos Power deploy its Hermes low-power demonstration reactor at the East Tennessee Technology Park (ETTP) in Oak Ridge, Tennessee under a newly announced collaboration agreement between the two companies.
The site at ETTP where Hermes would be built (Image: Kairos)
TVA President and CEO Jeff Lyash said the partnership with Kairos Power would enable the authority to share its safety and innovation insights to advance nuclear technology while gaining experience with licensing for advanced reactors. Nuclear power is the key to fuelling our economy with reliable, affordable, and clean electricity, and it is critical to our national security, he said.
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TVA, Kairos Partner to Deploy Molten Salt Nuclear Reactor Demonstration
In a notable, dedicated effort by a major U.S. utility to boost the development of an advanced reactor technology, the Tennessee Valley Authority (TVA) and Kairos Power, developer of a novel fluoride salt-cooled, high-temperature nuclear reactor, on May 6 said they will team to demonstrate Kairos’ Hermes test reactor at the East Tennessee Technology Park (ETTP) in Oak Ridge, Tennessee.