A California-based nuclear energy technology company has chosen New Mexico’s largest city as its home for a new engineering center to support the development of its reactor technology.
Kairos Power LLC plans to take up residence at a master-planned community on the southern edge of Albuquerque. It has plans to buy an existing building with room for future expansion.
State economic development officials said Friday the company will invest up to $125 million on the campus and create more than 65 high-paying jobs over the next few years.
Officials said Kairos’ operations in New Mexico will be focused on engineering and testing of high-temperature salt technology and no nuclear material will be on site.