Samsung C&T committed up to $100 million to help Kairos Power build its first 50-megawatt nuclear facility, which will supply power to Google's data centers.
Kairos Power secured a significant funding agreement with Samsung C&T to construct a compact nuclear reactor designed to power Google's operations. The 50-megawatt facility represents Kairos Power's first commercial deployment and marks a major step in the adoption of small modular reactors (SMRs) for tech industry energy demands.
The partnership pairs Kairos Power's reactor technology with Samsung C&T's construction and engineering expertise. The funding covers development and initial build-out of the plant, positioning both companies to demonstrate the viability of SMRs for commercial applications.
Google has increasingly turned to nuclear energy to meet rising electricity needs from AI and data center operations. The deal follows the search giant's earlier nuclear power purchase agreements with other providers as it seeks zero-carbon energy sources at scale.
Kairos Power's design focuses on molten salt cooling technology, which differs from traditional water-cooled reactors. The approach allows for smaller, more flexible reactor configurations suited to industrial and tech applications.
The project reflects broader industry momentum around SMRs as a solution to decarbonization challenges. Tech companies, facing mounting electricity demands from AI workloads, have emerged as potential anchor customers for next-generation nuclear technology.
No timeline for completion was disclosed. The facility will operate as a merchant power plant, with Google as a major customer under a long-term power purchase agreement.
Samsung C&T's involvement adds construction and project management capabilities to Kairos Power's technology platform. The conglomerate has prior experience in large-scale infrastructure projects across multiple sectors.
The nuclear sector has gained momentum as companies seek reliable, carbon-free electricity. Regulatory approval and licensing remain key milestones before construction can fully proceed.
San Francisco filed a lawsuit against Trump Media & Technology Group, alleging the company's Truth API feed illegally sells early access to President Donald Trump's posts. The suit claims the scheme violates California's Unfair Competition Law and federal insider trading regulations.
Prediction market platform Kalshi filed with federal regulators Tuesday to offer leverage trading through its internal clearing house, Kalshi Klear. The move targets institutional investors and increased liquidity.
Two years of debates over AI data center construction in Pennsylvania have exposed deep divisions, with environmental groups, local communities, and energy advocates all finding reasons to oppose projects.
Meta has struck a deal with plastics recycling startup MacroCycle to fund construction of its first commercial manufacturing plant. The investment accelerates the company's efforts to scale chemical recycling technology.