Find XO: Samsung C&T to Invest Up to 1 Billion Dollars in Kairos Reactor (kairospower.com)

- Kairos Power has signed a term sheet for investment with Samsung C&T's construction division. - Samsung C&T will put in up to 1 billion dollars, combining an equity investment of 7 million dollars and in-kind engineering, joining the EPC team for the Hermes 2 demonstration reactor with 50 megawatts capacity that will supply power to Google. - The truly interesting point is Samsung C&T's separate announcement a day later about the priority EPC rights for the commercial reactor. - A single line that appears only in the investor announcement could pre-select the next construction contract partner.