How Kairos Power is applying rapid iterative development to the licensing process as part of its strategy to deliver on cost
Developing a first-of-a-kind reactor is a daunting endeavor. To be successful, advanced reactor designers need to achieve cost certainty by delivering a safe and affordable product at the promised cost. To meet this goal, Kairos Power structured its approach around four key strategies: 1) achieving technology certainty through a rapid iterative approach; 2) achieving construction certainty by demonstrating the ability to build it; 3) achieving licensing certainty by proving Kairos can license it; and 4) achieving supply chain certainty by vertically integrating critical capabilities. By mitigating risk in these four key areas, Kairos Power is confident that it will get true cost certainty for our future products.
The third prong in Kairos’s strategy—achieving licensing certainty—was a key driver in the decision to build the Hermes low-power demonstration reactor, and it remains a major workstream as the company’s construction permit application (CPA) undergoes review by the U.S. Nuclear Regulatory Commission. Licensing a new nuclear technology is no small challenge, and there are multiple approaches companies can take. Here’s a look at how we at Kairos are approaching it.