Progress in nuclear innovation over the past year has established a pipeline of advanced reactor technologies that are set to become available in the late 2020s or early 2030s, with an array of designs and development approaches. Hermes is intended to lead to the development of the Kairos Power KP-X, a commercial-scale KP-FHR, the release stated. Dr. AlanKruizenga is the Senior Director of SaltChemistry at Kairos Power. 1 (A) a privately held or publicly traded legal 2 entity that exists within a hierarchy of legal en-3 tities that includes 2 or more levels of sub-4 sidiary entities; 5 (B) a privately held or publicly traded legal 6 entity that has as its parent or subsidiary a 7 management or holding company; or 8 (C) a privately held or publicly traded legal In combination with variable renewables, this technology can create a path to a truly clean energy system. 1000 Independence Ave. SWWashington DC 20585202-586-5000, International Nuclear Energy Policy and Cooperation, Gateway for Accelerated Innovation in Nuclear (GAIN), Risk Reduction for Future Demonstration Projects, Total award value over seven years: $106.6 million (DOE share is $85.3 million), . He noted that in September this company, headquartered in an old aircraft hangar in Alameda, Calif., submitted its preliminary safety analysis report (PSAR) on the Hermes test reactor to the U.S. Nuclear Regulatory Commission as part of its application for a construction permit. It will be built by Commonwealth Fusion Systems, an MIT spinoff company, which recently collaborated with MITs Plasma Science and Fusion Center to build the strongest fusion magnet in the world. 1000 Independence Ave. SWWashington DC 20585202-586-5000. Ms. Schenks 30 years of experience in the nuclear arena consists of notable positions at Jensen Hughes, Inc., including Director of Business Operations Power Services as well as Director of Contracts and Compliance which encompassed the companys nuclear export control program. This plant at an undetermined location would generate 140 megawatts per unit in the 2030s when utilities will be retiring power plants that burn carbon-emitting fossil fuels. If approved, a final safety evaluation report could be issued by February 2022 to utilize throughout the licensing process. Patrick Clancy is the Director of Information Technology at Kairos Power. Before joining Kairos Power, Evanwas responsible forthe deployment of a 100M investment fund in Europe for Centrica, the owner of British Gas and the U.K.s largest energy company. Backflip Studios gave each player 150 during the tutorial for Kairos' Birthday. Another American company he mentioned was TerraPower, a company founded by Bill Gates, the Microsoft co-founder. Various state-level politicians representing Oak Ridge have also spoken out in support of the project. Headquartered in Alameda, Calif., Kairos Power wants to revolutionize how nuclear power is produced. Many people are designing, testing and assembling numerous hardware components for the Hermes reactor. The Hermes demonstration will include only the nuclear heat-generating portion; it will not convert the heat to electricity. With their passive decay heat cooling, salt reactors are safer than LWRs. Funding for ARDP beyond the near-term is contingent on additional future appropriations, evaluations of satisfactory progress, and DOE approval of project continuation. Over the past five years, TNECD has supported nearly 70 economic development projects in East Tennessee, accounting for 9,000 job commitments and $2.5 billion in capital investment. 09 December 2022 Share TRISO fuel pebbles for the Hermes demonstration reactor will be produced at the New Mexico lab's Low Enriched Fuel Fabrication Facility (LEFFF) under a newly announced agreement. The goal of the Risk Reduction program is to design and develop safe and affordable reactor technologies that can be licensed and deployed over the next 10 to 14 years. During his postgraduate studies at the University of Wisconsin, Madison, Dr. Kruizenga was a Nuclear Regulatory Fellow where his work focused on heat transfer in complex geometries for the SCO2 Brayton cycle application. Seed, Series A, Private Equity), Whether an Organization is for profit or non-profit. Company Description: Key Principal: Mike Laufer See more contacts Industry: Electric Power Generation, Transmission and Distribution , Utilities , Nuclear electric power generation See other industries within the Utilities sector: Natural Gas Distribution , Water, Sewage and Other Systems Popular Search: In peak electricity production mode, the added fuel can be converted to electricity with an efficiency of 70%.. She is currently in the process of completing her MBA with a concentration in Human Resources Management. MartinezSancho has focused on accelerating the innovation of the nuclear industry by developing strategic integration of technologies as key solutions against climate change, guaranteeing energy supply security, and competitiveness of energy prices. For information related to the NRC staffs review of Kairos Hermes testing facility, please see the Hermes review webpage. New Mexico Economic Development Department and BloombergNEF are the most recent investors. The units will be listed on The Nasdaq Capital Market (the "Nasdaq") and trade under the ticker symbol "KAIRU" beginning on January 6, 2021. Mr. Olson joined Stem from the fuel cell sector in his roles in corporate finance and international business development with Bloom Energy. Im proud of the energy development happening in Tennessee that will positively impact the U.S. and the world. The molten salt reactor concept championed by Alvin Weinberg, former director of Oak Ridge National Laboratory, is back. He is currently directing teams developing the licensing strategies and licensing documents for the Kairos Power Fluoride-Salt-Cooled High-Temperature Reactor (KP FHR). The only two molten salt reactors ever built and operated were located at ORNL. Plus, for people outside the U.S. without reliable electricity, coal is an attractive energy source, even if it exacerbates the climate challenge. . She was involved in structuring, negotiating, and executing over half a billion dollars in contracts for the construction of clean energy projects, and provided legal support for research and development projects funded by the United States Department of Energy. Dr. Gerardi obtained his Ph.D. and M.S. On September 29, 2021, Kairos Power LLC (Kairos) filed, pursuant to Part 50 of title 10 of the Code of Federal Regulations (10 CFR), . in Nuclear Engineering from North Carolina State University. TheU.S. Nuclear Regulatory Commission (NRC) is currenlty engaged in pre-application activities with Kairos Power starting in November 2018. Kairos Power has raised a total of $16.3K in funding over 2 rounds. Mr. Boukal also held procurement, supply management positions at ABB Power Generation/Combustion Engineering, Inc., and Peter Kiewit Sons Construction Company. Dr. Peterson graduated from the University of Nevada at Reno with a B.S. He is responsible for technology development, experimentaltesting, modeling and simulation, as well as fuels and materials activitiesat Kairos Power. Bill Lee and Department of Economic and Community Development Commissioner Bob Rolfe announced Friday that the privately funded, advanced nuclear engineering company Kairos Power will make a major investment in Oak Ridge. Is Kairos power publicly traded? The opportunity to demonstrate Kairos Powers advanced nuclear technology in Tennessee is a major milestone on the path to a clean and affordable energy system in the United States,"Kairos Power CEO and co-founder Mike Laufer said in the news release. A Kairos engineer prepares a structural component of the Hermes prototype for durability testing. He received his Ph.D. in Nuclear Engineering from the University of California, Berkeley. MartinezSancho is the former Chief Innovation Officer of Spie Batignolles and also served as Vice President of Global Innovation at Framatome Groupe (formerly AREVA). back in June 2020, which details the companys approach to calculating the amount of radioactive material that could be released to the environment during an accident. In the battle to slow devastating climate change, safer, more efficient, affordable and carbon-free fission and fusion power plants will likely be needed, and molten salts may be a key ingredient. Dr. Doron is a Professional Engineer registered in Texas with a dual competence in Mechanical and Nuclear Engineering. His research has contributed to the development of the passive safety systems used in the General Electric ESBWR and Westinghouse AP1000 reactor designs. It only has EVs in its fleet, and last year saw vehicle production grow 47% over the prior year to 1.37 . Its advanced reactor technology is designed for high availability and performance with low maintenance and lifecycle costs, providing dispatchable power that improves grid resiliency and security. Dr. Mike Laufer is the Co-Founder & CEO of Kairos Power. His focus is on developing a design that is inherently safe, cost-competitive, and can be built. Kairos Power brings together people who want to make a difference in the world regardless of their discipline. Prior to joining Kairos Power, Mr. Olson led strategic partnership development and commercial operations at the artificial intelligence energy storage provider, Stem, Inc., as the companys Vice President of Partner Operations. One developer, Kairos Power LLC, won $303 million in funding from the U.S. Department of Energys Advanced Reactor Demonstration Program (ARDP) to build a prototype, a step on the way to its full-scale reactor. Dr. Zweibaum has over a decade of experience working with FHR technology. ALAMEDA, Calif. - January 12, 2023 - Kairos Power has been named on Cleantech Group's 2023 Global Cleantech 100, an annual list of the most innovative and promising companies that will take us from commitments to actions in our efforts to reach net-zero. That was one message delivered recently to Friends of ORNL by Charles Forsberg, a principal research scientist at the Massachusetts Institute of Technology (MIT) and a retired ORNL corporate fellow and engineer. The companies, Bruce Power, Constellation, Southern Company and TVA, will help advance the development of the its KP . DOE expects to invest approximately $600 million over seven years with our industry partners providing at least 20 percent in matching funds. To date, Kairos Power has submitted 14 technical and topical reports to the NRC, with five topical reports now approved. In each pebble, coated uranium nitride fuel particles (19.5% enriched with uranium-235) are nested inside an advanced manufactured silicon carbide structure covered on the outside with graphite. During his time in the military, he specialized in submarine operations and nuclear & conventional weapons. The combination of TRISO fuel and salt coolant will create a very stable reactor that can operate at extremely high temperatures and low pressures. This means the final product will be simpler to build, can change power output easily to match wind and solar, and produces heat that can do a variety of jobsincluding help decarbonize heavy industry. ALL RIGHTS RESERVED. This novel approach to the development cycle offers an important new path to deliver advanced reactors. Previously, Ms. Klisura was in-house counsel for an independent power producer, where she worked with cross-functional teams developing utility-scale energy projects. The lithium-containing flibe salt will be used in the blanket for a fusion plasma break even experiment planned for the end of this decade, Forsberg said. She brings unique expertise in the areas of labor relations, employee relations, compensation, human resources information systems, benefits administration, employment compliance, training, and change management. 2023 KAIROS POWER LLC. He received his B.A. This accomplishment strengthens our teams extensive pre-application engagement with the NRC and builds licensing certainty for our advanced reactor technology, said Mike Laufer, co-founder and CEO of Kairos Power. Dr. This plant at an undetermined location would generate 140 megawatts per unit in the 2030s when utilities will be retiring power plants that burn carbon-emitting fossil fuels. The company is also in the process of licensing Hermesa low-power demonstration reactor that Kairos expects will be operational by 2026 in East Tennessee and will support technology development for the KP-FHR. Before rejoining Kairos in May 2017, Jain was the VP of Product at Tinder, the world's largest social network for meeting people. He is an operational leader with over 20 years of experience leading diverse and cross-functional teams. Lists Featuring This Company. The consortium's goal is to advance the development of the company's advanced fluoride salt-cooled high-temperature reactor (KP-FHR) technology. As a partner for the leadership team, Ms. Triestman drives the achievement of organizational goals and objectives, with exceptional results. In doing so, she draws on two decades of experience gained in law firms and corporate legal departments. Esther Klisura is Senior Director, Legal at Kairos Power. . Your California Privacy Rights / Privacy Policy. The Kairos Power fluoride salt-cooled high temperature reactor (KP-FHR) is a novel advanced reactor technology that aims to be cost competitive with natural gas in the U.S. electricity market and to provide a long-term reduction in cost. To do that, it's building a low-power, fission-based demonstration reactor in Oak Ridge . But What Are We Doing About It? Kairos and other reactor developers want to give the developing world a clean alternative, so that we can solve the energy problem while protecting the climate. Kairos Power is an Alameda, CA company designing a fluoride salt-cooled high temperature reactor (FHR) using Triso-coated particle fuel in a pebble bed configuration. Kairos Power is actively collaborating with DOE national laboratories in over nine projects supported in part by DOE funding. With Charles Forsberg and Paul Pickard, in 2003, he proposed the FHR concept of a molten-salt cooled, solid fueled reactor. Before joining Kairos, Dr. Kruizenga led high-temperaturesaltand other materials science and chemistry programs for energy systems at Sandia National Labs. He is the Responsible Director for KP-FHR systems outside of the reactor unit as well as their development through both non-nuclear and nuclear prototypes. Charlotte, NC 28211, 707 W. TOWER AVENUE 707 W. TOWER AVENUE Mr. Olson graduated from the University of California, Berkeley with an MBA and a Certificate inEngineering & Business for Sustainability. Sarah regularly spoke publicly on capital markets issues. 2023 www.oakridger.com. LouMartinezSancho is the Vice President of Strategy & Innovation for Kairos Power, and has over 20 years of progressive experience managing teams in an array of industries includingbio-tech, energy, automotive, and architecture, engineering and construction (AEC). ALAMEDA, Calif. - April 20, 2022 - Kairos Power has assembled leading North American utilities and generating companies to launch an advanced nuclear development consortium named Kairos Power Operations, Manufacturing and Development Alliance (Kairos Power-OMADA) to advance the development of the company's advanced fluoride salt-cooled high-temp. If the Hermes reactor is successful, Forsberg said, we will be halfway home to a commercial molten salt reactor power plant because Kairos Power will have shown that the FHR with fluorine-containing liquid salt, materials of construction, pumps, power systems, heat exchangers and instrumentation is affordable and has low technical risk.. Growing from a broad research effort at U.S. universities and national laboratories, Kairos Power was founded to accelerate the development of an innovative nuclear technology that has the potential to transform the energy landscape in the United States and internationally. Kairos Power is to establish a low-power demonstration reactor at the East Tennessee Technology Park in Oak Ridge, investing USD100 million in a project to demonstrate its capability to deliver low-cost nuclear heat. In October 2020, DOE announced the selections of TerraPower LLC (Bellevue, WA) and X-energy (Rockville, MD) to receive $160 million in initial funding for ARDP demonstration projects to develop and construct two advanced nuclear reactors that can be operational within seven years. Kairos Power is an Alameda, CA company designing a fluoride salt-cooled high temperature reactor (FHR) using Triso-coated particle fuel in a pebble bed configuration. He is responsible for directly supporting the CTO and overseeing the successful execution of strategic business initiatives with senior leadership and department directors, including managing business verticals from design to manufacturing and deployment. He leads the team responsible for risk-informing the design, manufacture, and operation of non-nuclear and nuclear hardware demonstrations. in Nuclear Engineering both from the University of Tennessee. Prior to that, Ms. Klisura was in-house counsel for an industrial manufacturer, where she advised the leadership team on a broad range of legal and compliance issues and managed a nationwide docket of high exposure liability matters. 20 April 2022 Share Bruce Power, Constellation, Southern Company and Tennessee Valley Authority (TVA) have joined Kairos Power Operations, Manufacturing and Development Alliance. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Suite 325 Our team is made up of individuals from diverse backgrounds who are united by the desire to be exceptional in their fields and enable the world's transition to clean energy.

Player Of The Week High School Basketball, Car Smells Like Rotten Eggs When Starting, Detroit Golf Club Junior Membership Cost, Shepherding A Child's Heart, Ambassador School Mankhool, Articles I