Kairos Power Selects Albuquerque for Research and Development Center
Kairos Power has chosen Albuquerque as its home for a new engineering center to support the development of its advanced reactor technology. The facility will be located in Albuquerque’s Mesa del Sol master-planned community, in an existing building on 32-acres of land for future expansion. Over the next few years, we plan to invest up to $125 million on the campus and create more than 65 high-paying jobs.
Frequently Asked Questions
What does Kairos Power do?
Growing from a broad research effort at U.S. universities and national laboratories, Kairos Power was founded to accelerate the development of a clean, innovative advanced reactor technology that has the potential to transform the energy landscape in the United States and around the world. The challenge is great, but so too is the opportunity.
The opportunity to work in New Mexico allows Kairos Power the ability to access a qualified, diverse, and committed workforce while bringing high paying, long-term jobs and significant capital investment to the state.
What exactly is Kairos Power building in New Mexico?
Kairos Power is focused on creating a non-nuclear research and development laboratory in Albuquerque, designed to test our high-temperature salt technology, which continues, enhances, and expands the work we’re currently focused on at our headquarters and R&D lab in California. While we are committed to testing our advanced reactor technology, we also prioritize industrial safety.
Will nuclear material be utilized on-site in New Mexico?
No. Nuclear material will not be a part of the research and development facility in Albuquerque (by extension, no nuclear waste will be produced).
Why New Mexico?
The prospect of having an R&D location in New Mexico stems from opportunity. In partnership with the state’s Economic Development Department, Albuquerque Economic Development, the City of Albuquerque, and the New Mexico Partnership, we have identified a unique opportunity to work together in assisting with recruiting talented New Mexicans that share in our vision to enable the world’s transition to clean energy, bringing jobs to the Land of Enchantment.
New Mexico has a long history in innovative nuclear energy development and Kairos Power selected a location less than ten minutes from the National Museum of Nuclear Science and History.
Additionally, the state allows Kairos to be in close proximity to two national laboratories, top-notch universities with robust nuclear engineering departments, and the opportunity to revitalize an existing industrial facility previously used for advanced energy manufacturing.
For companies like Kairos, the New Mexico economic development team has created a hub to assist with education, technical assistance and making connections for a lasting economic impact in the community.
This facility, which is Kairos Power’s third location in the US (in addition to Alameda, California, and Charlotte, North Carolina), is expected to bring nearly 70 new jobs by the end of 2024, with an average annual salary of over $100,000.
How does your technology fit in with renewables in the energy mix?
There is a strong effort nationwide to increase use of renewable energy sources to reduce the overall carbon footprint resulting from electric power generation. Renewable energy sources include solar, hydro, and wind among others.
A practical, sustainable, cost-efficient renewable energy mix will include zero-carbon nuclear energy. Our technology will enable deployment of novel reactors with inherently safe design based on synergies between the robust fuel, salt coolant, and passive safety mechanisms.
Isn’t nuclear energy more expensive than other power sources?
While the initial capital costs are higher than other sources of energy, nuclear energy’s overall cost is extremely competitive with other methods of electricity and over time can cost the consumer less in usage than other sources of energy.
Compared to other baseload generation types, operating a nuclear energy plant is highly efficient and uses little fuel. Long-term savings in operations ensure that nuclear energy is economically competitive with other forms of electricity.