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Kairos Power announces $100 million investment in Oak Ridge

Kairos Power announces $100 million investment in Oak Ridge
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Accelerator announced; to work with 30 startup companies over 3 years

ORNL, the Tennessee Valley Authority and the University of Tennessee system announced the Techstars Industries of the Future Accelerator. ....

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Techstars Joins Forces With Tennessee Powerhouses to Bring the Techstars Industries of the Future Accelerator to Oak Ridge-Knoxville in 2022

Techstars Joins Forces With Tennessee Powerhouses to Bring the Techstars Industries of the Future Accelerator to Oak Ridge-Knoxville in 2022
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Company to deploy test reactor at K-25 site

Company to deploy test reactor at K-25 site
The Oak Ridger
Kairos Power has announced its plans to deploy a test reactor at the East Tennessee Technology Park (ETTP) in Oak Ridge, pending completion of due diligence and the results of discussions with state and local officials.
“We are thrilled at the prospect of coming to East Tennessee,” Michael Laufer, Kairos Power co-founder and CEO, stated in a news release. “The infrastructure available at ETTP, combined with its proximity to key collaborators at the Oak Ridge National Laboratory makes this a great location to demonstrate our technology. The successful commissioning of Hermes builds on our current technology development programs and extensive engagement with the U.S. Nuclear Regulatory Commission. Ultimately, Hermes will prove that Kairos Power can deliver real systems at our cost targets to make advanced nuclear a competitive source of clean energy in the United States.” ....

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Nuclear Reactors Cost Too Much. Here are Some Ideas to Fix it

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MIT Study Cites Changes to Design and Fabrication as Key Drivers of Overruns
EDF Commits to Success Factors on Costs for Next EPRs to Be Built in France
Three DOE National Labs Team Up to Get Synergies for Hybrid Energy Systems
Kairos Power to Deploy Molen Salt Test Reactor at ORNL site
GE-Hitachi Passes NRC Milestones in Licensing Effort for BWRX-300
Nuclear energy is too expensive to build and it is also too important, relative to dealing with climate change, to have its future left to market forces. Several new efforts address these issues with ideas about how to fix the problem. ....

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