# Samsung C&T agrees to join Kairos Power’s EPC team for Hermes 2 in Tennessee > Kairos Power said on 21 September 2026 that Samsung C&T agreed, in a binding term sheet, to provide up to $100 million in investment and engineering services and to join its EPC team for Hermes 2 in Tennessee. - Canonical URL: https://newsverum.com/en/news/kairos-power-samsung-ct-hermes-2-term-sheet-september-2026 - Publisher: Newsverum - Section: Energy - Country: United States - Published: 2026-10-05T09:37:37+00:00 - Updated: 2026-10-07T00:50:13+03:00 - Event / data period: 2026-09-21 - Other editions: [Türkçe](https://newsverum.com/tr/news/kairos-power-samsung-ct-hermes-2-term-sheet-september-2026.md), [العربية](https://newsverum.com/ar/news/kairos-power-samsung-ct-hermes-2-term-sheet-september-2026.md), [Français](https://newsverum.com/fr/news/kairos-power-samsung-ct-hermes-2-term-sheet-september-2026.md), [Español](https://newsverum.com/es/news/kairos-power-samsung-ct-hermes-2-term-sheet-september-2026.md), [Deutsch](https://newsverum.com/de/news/kairos-power-samsung-ct-hermes-2-term-sheet-september-2026.md), [Português](https://newsverum.com/pt/news/kairos-power-samsung-ct-hermes-2-term-sheet-september-2026.md) Kairos Power and Samsung C&T Engineering & Construction Group announced on 21 September 2026 that they signed a binding term sheet for a strategic investment by Samsung C&T in Kairos Power and for collaboration on deploying Kairos Power’s fluoride salt-cooled, high-temperature reactor technology (KP-FHR). Samsung C&T agreed to provide up to $100 million through a combination of direct investment and in-kind engineering services, subject to regulatory approvals. The funding is intended to enable delivery of the Hermes 2 Demonstration Plant in Oak Ridge, Tennessee. Samsung C&T also agreed to join Kairos Power’s integrated engineering, procurement and construction (EPC) team for Hermes 2 and future KP-FHR plants. The companies plan to collaborate on selected engineering and construction activities, initially focused on power-generation systems and the balance of plant, while Kairos Power plans to lead reactor technology, engineering, manufacturing, procurement and construction for the nuclear island. The term sheet builds on a memorandum of understanding that Samsung C&T, Kairos Power and Barnard Construction signed on 18 August. Kairos Power said Hermes 2 received construction permits from the U.S. Nuclear Regulatory Commission in December 2024 and broke ground in Oak Ridge in April 2026. The grid-connected reactor is rated at 50 MWe. The release describes a binding term sheet and an EPC-team role rather than an EPC contract value, and the investment remains subject to regulatory approvals. ## Data ### Samsung C&T commitment and Hermes 2 size Amount Samsung C&T agreed to provide and the rated output of Hermes 2, as stated by Kairos Power on 21 September 2026. Methodology: The amount is a ceiling of up to $100 million combining direct investment and in-kind engineering services, subject to regulatory approvals; it is not an EPC contract value. The 50 MWe figure is the electrical output of the Hermes 2 reactor, which is under construction. | label | value | unit | period | basis | value_qualifier | |---|---|---|---|---|---| | Samsung C&T funding commitment (ceiling) | 100 | million USD | 2026-09-21 | observed | upper-bound | | Hermes 2 grid-connected electrical output | 50 | MWe | 2026-09-21 | target | | Sources: · Download data: [JSON](https://newsverum.com/api/v1/articles/kairos-power-samsung-ct-hermes-2-term-sheet-september-2026/data/commitment-and-plant-size?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/kairos-power-samsung-ct-hermes-2-term-sheet-september-2026/data/commitment-and-plant-size?lang=en&format=csv) ## Sources - [Kairos Power]() (Source checked: 2026-10-04; Published: 2026-09-21) ## Correction history - 2026-10-07T00:50:13+03:00: German and Portuguese editions and translations of the data and correction explanations have been added to this article. --- Cite the canonical URL above. [Editorial standards and corrections](https://newsverum.com/en/editorial)