Kairos Power and Materion Corporation (NYSE: MTRN) have announced the formation of a strategic collaboration to develop a reliable and cost-effective supply of salt coolant for high-temperature molten salt reactors.
Nine projects will get $27 million in federal funding to develop digital twin technology for promising advanced nuclear reactor designs—including Kairos Power. Argonne National Laboratory will get $2.2 million to slash the reactor design’s O&M costs through advanced sensing and automation. The University of Michigan, meanwhile, will get $5.2 million to develop a scalable digital twin that will be first validated on a molten salt loop operating on campus and then applied to Kairos’s reactor d…
Argonne developers have partnered with Kairos Power, an engineering company focused on clean energy and advanced nuclear reactor technology, to help develop a reactor that uses molten salt coolant rather than the traditional water coolant. Because the code is adaptable, Kairos Power can include the special features of their unique reactor design.
Kairos Power has chosen Albuquerque as its home for a new engineering center to support the development of its advanced reactor technology. The company will be located in Albuquerque’s Mesa del Sol master-planned community, where it plans to purchase an existing building on 32 acres of land for future expansion. Over the next few years, the company will invest up to $125 million on the campus and create more than 65 high-paying jobs.