Google commits to buying power generated by nuclear-energy startup Kairos Power

It’s not real funding, it’s a power purchase agreement from something that may never be built! No different from Microsoft’s previous fusion power purchase agreement. The Goog may as well announce they’ve reserved office space in a building to be built on Proxima Centauri B.

Just tech virtue signalling: Google/Microsoft trade the impression that they’re relevant leaders for some legitimacy for a blue sky startup.

A power purchase agreement is critical to getting investment. The US aviation industry is wouldn’t exist if not for the UK and French governments making a purchase agreement for planes at the start of WW2

Uhh . . . source on that claim?

Which claim? Regarding investments, from the world bank, "The pricing mechanism [a component of a PPA] is the primary mechanism for allocating revenue and market risk in respect of the project between the public and private sectors and is central to the private project proponent’s and its lenders’ assessment of the commercial viability and bankability of the project."

I believe Jigar Shah, the director of the Loan Programs Office at DoE, also talked about the importance of PPAs in attracting outside investment in his book Creating Climate Wealth: Unlocking the Impact Economy

https://ppp.worldbank.org/public-private-partnership/sector/...