Loop heat pipes seem a promising approach for application in modern technologies where such thermal devices as cooling fans and radiators cannot satisfy overall requirements. Even though a loop heat pipe has a big potential to remove the thermal energy from a high heat flux source, the heat removal performance of heat pipes cannot be predicted well since a first principles of evaporation has not been established. An evaporation model based on statistical rate theory has been recently suggested by Ward and developed for a single pore by Oinuma. A loop heat pipe with coherent pore wick structure has been proposed as a design model. To limit product development risk and to enhance performance assurance, design model features and performance parameters have been carefully reviewed during the concept development phase and have been deliberately selected so as to be well-founded on the limited existing loop heat pipe knowledge base. A first principles evaporation model has been applied for evaporator geometry optimization. A number of iteration calculations have been performed to satisfy design and operating limitations. A set of recommendations for design optimization has been formulated. An optimal model has been found and proposed for manufacture and experimental investigation.