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The Breeder-First Strategy
Most fusion companies must reach net electricity before they have anything to sell. Kronos does not — and that changes everything about the risk.
The breeder's outputs — tritium, neutrons and helium-3 — are valuable in themselves, independent of whether grid-scale net-electric fusion is solved. That gives Kronos a materials-and-isotopes business that does not wait on the hardest physics milestone in the field.
'Fuel follows purpose, not platform': the breeder is optimised to make fuel and neutrons; the burner is optimised to make electricity. Building the breeder first de-risks the whole programme.
The honest wedgeKronos sells materials, not (yet) electricity — so its economics do not depend on first achieving net-electric gain. That is the crux of the strategy.