State

Conditional

Conditional is not final.

Open question

Which money is proposed, conditional, closed or actually drawn, and for what?

  • Not established in reviewed sources: Project cost
  • Not established in reviewed sources: Closing of the Samsung C&T investment (term sheet is subject to regulatory approvals)
  • Not established in reviewed sources: Any government funding specific to Hermes 2
  • Not established in reviewed sources: Project-level debt
  1. Current stateConditional21 September 2026 · Joint release · Kairos Power

    Before: Not established in reviewed sources. Source: Kairos Power ↗

Evidence detail

Conditional

Samsung C&T strategic investment in Kairos Power (company level), binding term sheet, subject to regulatory approvals; stated purpose is Hermes 2 delivery

Conditional is not final.

“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.”
Attribution
Joint release
Publisher
Kairos Power
Dated
21 September 2026
First public disclosure
21 September 2026
State before
Not established in reviewed sources
Counterparty
Samsung C&T Engineering & Construction Group
Detail
Other instrument
Detail
Up to USD 100m
Source read
11 November 2026

Inspect primary source: Kairos Power ↗

What this does and does not establish

An exact passage match shows the source says this. It does not prove the underlying claim is true.

Watch financingInspect project history