The Tennessee Valley Authority (TVA) signed a new power purchase agreement (PPA) with Kairos Power to deliver up to 50 megawatts (MW) of nuclear energy from Kairos Power’s Hermes 2 Plant in Oak Ridge,

Kairos CEO Mike Laufer said Hermes 2 will leverage experience from the Hermes demonstration reactor to advance the company's mission in East Tennessee. "While a few important details must fall into place before we can fully commit to building it, Hermes 2 presents a unique opportunity to accelerate commercial deployment of KP-FHR technology while bringing value to the local community over the long term," he said.