Kairos Power and Google Sign Power Purchase Agreements
Kairos to deploy 500 MW of clean energy via single advanced reactor design in the U.S.
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Kairos Power and Google have signed a Master Plant Development Agreement, creating a path to deploy a U.S. fleet of advanced nuclear power projects totaling 500 MW by 2035.
Under the agreement, Kairos Power will develop, construct and operate a series of advanced reactor plants and sell energy, ancillary services and environmental attributes to Google under Power Purchase Agreements (PPAs). Plants will be sited in relevant service territories to supply clean electricity to Google data centers, with the first deployment by 2030 to support Google’s 24/7 carbon-free energy and net zero goals.
The innovative, multiplant agreement will support technology development by extending Kairos Power’s iterative demonstration strategy through its first commercial deployments. Building on progress from the early iterations, each new plant will enable continued learning and optimization to support accelerated commercialization.
“Our partnership with Google will enable Kairos Power to quickly advance down the learning curve as we drive toward cost and schedule certainty for our commercial product,” said Mike Laufer, Kairos Power CEO and co-founder. “By coming alongside in the development phase, Google is more than just a customer. They are a partner who deeply understands our innovative approach and the potential it can deliver.”
Jeff Olson, Kairos Power Vice President, Business Development & Finance, says: “Having an agreement for multiple deployments is important to accelerate the commercialization of advanced nuclear energy by demonstrating the technical and market viability of a solution critical to decarbonizing power grids while delivering much-needed energy generation and capacity. This early commitment from Google provides a strong customer demand signal, which reinforces Kairos Power’s continued investment in our iterative development approach and commercial production scale-up.”
Google’s deep commitment to decarbonization makes it a clean energy development leader. Since 2010, the company has signed more than 115 agreements totaling over 14 GW of clean energy generation capacity. The additional generation developed under this multiplant agreement with Kairos Power will complement Google’s existing use of variable renewables, like solar and wind, and help them reach their ambitious 24/7 carbon-free energy and net zero goals.
“This landmark announcement will accelerate the transition to clean energy as Google and Kairos Power look to add 500 MW of new 24/7 carbon-free power to U.S. electricity grids,” says Michael Terrell, Google Senior Director of Energy and Climate. “This agreement is a key part of our effort to commercialize and scale the advanced energy technologies we need to reach our net zero and 24/7 carbon-free energy goals and ensure that more communities benefit from clean and affordable power in the future.”
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