Tennessee

• Hermes 2Kairos Power · Fission · Tennessee · 50 MWCONSTRUCTION~2030
• HermesKairos Power · Fission · TennesseeCONSTRUCTION
• Infinity TwoType One Energy · Fusion · Tennessee · 350 MWPERMITTED~By 2034
• Clinch River BWRX-300TVA · Fission · Tennessee · 300 MWPERMITTED~2032 (TVA target)
• Infinity One prototypeType One Energy · Fusion · TennesseePERMITTED~2029

• GrantPUBLIC · Clinch River BWRX-300US Department of Energy (Gen III+ SMR program)$400MANNOUNCED · 2025-12
• GrantPUBLIC · HermesDOE Advanced Reactor Demonstration Program (risk reduction)$303M2020-12
• Company equityPRIVATE · Infinity TwoBreakthrough Energy Ventures; Clutterbuck Capital (co-leads) · company-wide, not in totals$200M2026-10

Company-wide raises are listed but not counted in totals.

• Russian uranium ban → enrichment squeeze → advanced reactors

  STEP 5/6 · AT RISK Advanced reactor timelinesFuel availability becomes a gating item for first units.

  STEP 6/6 · SECURE Standard-fuel SMRs are less exposedLight-water SMRs (BWRX-300, SMR-300) use regular low-enriched fuel, which Western enrichers supply.

• China's yttrium controls → fusion magnets and solid-oxide cells

  STEP 2/4 · AT RISK REBCO superconducting tapeHigh-temperature superconducting magnets use a rare-earth barium copper oxide layer.

• AI data-center demand → clean firm power deals → first-of-a-kind plants

  STEP 4/5 · WATCH Advanced nuclear gets anchor customersBuyers fund development and commit to output from first units.

Critical inputs