Project: financingCompany-published
What was reported
Samsung C&T has agreed to provide up to $100 million through a combination of direct investment and in-kind engineering services, subject to regulatory approvals, to enable the successful delivery of the Hermes 2 Demonstration Plant in Oak Ridge, Tennessee.Regulator, government, developer and customer statements named in the Project Ledger · Kairos Power statement · Sep 21, 2026 · Open the source ↗
What the evidence supports
That Kairos Power, the parties jointly, published the quoted statement. It records "conditional" for Samsung C&T strategic investment in Kairos Power (company level), binding term sheet, subject to regulatory approvals; stated purpose is Hermes 2 delivery under financing only. The amount is recorded as stated (Up to USD 100m).
What remains unknown
Conditional is not final. Whether the project is fully financed, and whether conditional money has closed or been drawn, unless the quoted passage says so.
Source passages
Exact excerpts from the source, with links. Quotes are checked character for character against our stored copy.
Kairos Power statementSamsung C&T has agreed to provide up to $100 million through a combination of direct investment and in-kind engineering services, subject to regulatory approvals, to enable the successful delivery of the Hermes 2 Demonstration Plant in Oak Ridge, Tennessee.Regulator, government, developer and customer statements named in the Project Ledger · Kairos Power statement · Sep 21, 2026 · Open the source ↗
Revision history
- Revision 1 · Nov 11, 2026, 21:11 UTC
Hermes 2 Demonstration Plant: Samsung C&T strategic investment in Kairos Power (company level), binding term sheet, subject to regulatory approvals; stated purpose is Hermes 2 delivery (conditional)
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