Kairos Power and Google have signed a Master Plant Development Agreement, creating a path to deploy a U.S. fleet of advanced nuclear power projects totaling 500 megawatts by 2035, Kairos Power said on Oct. 14.
The deal represents the first corporate agreement for multiple deployments of a single advanced reactor design in the United States, it said.
Under the agreement, Kairos Power will develop, construct, and operate a series of advanced reactor plants and sell energy, ancillary services, and environmental attributes to Google under Power Purchase Agreements.
Plants will be sited in relevant service territories to supply electricity to Google data centers, with the first deployment by 2030 to support Google’s 24/7 carbon-free energy and net zero goals.
The multi-plant agreement will support technology development by extending Kairos Power’s iterative demonstration strategy through its first commercial deployments, it said.
"Building on progress from the early iterations, each new plant will enable continued learning and optimization to support accelerated commercialization. Along the way, milestone-based accountability baked into the agreement will establish confidence in Kairos Power’s ability to deliver throughout the long-term partnership," Kairos Power said in a news release.
“Having an agreement for multiple deployments is important to accelerate the commercialization of advanced nuclear energy by demonstrating the technical and market viability of a solution critical to decarbonizing power grids while delivering much-needed energy generation and capacity,” said Jeff Olson, Kairos Power Vice President, Business Development & Finance. “This early commitment from Google provides a strong customer demand signal, which reinforces Kairos Power’s continued investment in our iterative development approach and commercial production scale-up.”
