The Associated Press
Created: December 14, 2019 11:03 AM
ALBUQUERQUE, N.M. (AP) — 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.
State economic development officials say the company will invest up to $125 million on the campus and create more than 65 high-paying jobs over the next few years.
The state and city of Albuquerque also have proposed pitching in millions of dollars in economic development funding for the project.
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