Kairos Power and Samsung C&T Partner on Hermes 2 Demonstration Plant

Kairos Power and Samsung C&T Engineering and Construction Group have formalized a partnership through a binding term sheet. This agreement outlines their collaboration on Kairos Power's Hermes 2 demonstration plant.

The terms of the agreement include a financial contribution from Samsung C&T, providing up to $100 million to Kairos Power. This investment will be delivered through a combination of direct funding and in-kind engineering services specifically for the Hermes 2 project.

In addition to the financial and service contributions, Samsung C&T has officially become a member of Kairos Power's engineering, procurement, and construction (EPC) team. This role will involve supporting the delivery of the Hermes 2 plant and contributing to the future deployment of Kairos Power's reactor technology.

🇮🇹 Italy is preparing to return to nuclear power after almost 40 years.

🇮🇹 Italy is preparing to return to nuclear power after almost 40 years.

The Italian Senate has given final approval to the government's plan to restart nuclear power generation, with advanced modular reactors expected to play a role in the country's future energy mix.

The next step is implementation. The government now has 12 months to adopt the decrees needed to relaunch nuclear power production.

For the nuclear supply chain, this is an important signal.
A new nuclear programme means building an ecosystem around it: engineering, manufacturing, construction, fuel, specialised services, workforce, decommissioning expertise and, eventually, a broad network of qualified suppliers.

Italy already has significant nuclear industrial capabilities. A domestic new-build programme could create a new layer of opportunities for both Italian and international companies.

Another European nuclear market to watch closely.

Source: https://lnkd.in/d8dgpigu

India's Non-Fossil Energy Capacity Exceeds 300 GW, New Power Policy Underway

India's non-fossil energy capacity has exceeded 300 GW, according to Power Secretary Pankaj Agarwal. This milestone highlights a shift in the country's power sector, bringing new challenges in grid management and transmission expansion. The government is developing a new power policy to address these evolving requirements, aiming for inter-ministerial consultation.

The new policy will replace the 2005 framework, which was designed for a different set of challenges, including power shortages and limited flexibility. The updated policy will focus on creating financially sustainable, self-reliant, and technology-driven distribution companies. Additionally, it seeks to promote open access to enhance the competitiveness of Indian industry and encourage a transition to green power.

In the area of smart meters, Indian chip developers and manufacturers are working on designing and validating new chips for commercial production. Procurement of these domestically designed chips and meters will provide a guaranteed market. Despite elevated electricity demand and unusual rainfall affecting coal supplies, domestic coal production is expected to increase, with no current logistics constraints.