Nano Nuclear Energy Inc.
NASDAQCapital Structure
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in mil. unless spec.Company Description
- CEO
- James Walker
- Full Time Employees
- 36
- Sector
- Industrials
- Industry
- Electrical Equipment & Parts
- Address
- 10 Times Square New York NY United States of America 10018
- IPO Date
- May 10, 2024
- CIK
- 0001923891
- Website
- nanonuclearenergy.com
- Similar Companies
- Business
- Nano Nuclear Energy Inc is an advanced technology-driven nuclear energy company focused on the development, commercialization, and deployment of next-generation nuclear microreactors and associated nuclear fuel solutions. Its core products include the patented KRONOS MMR™ Energy System, a stationary high-temperature gas-cooled micro modular reactor currently in construction permit pre-application with the U.S. Nuclear Regulatory Commission; ZEUS™, a solid core battery reactor; ODIN, a low-pressure coolant reactor; and LOKI MMR™, a portable, space-capable micro modular reactor. The company’s service offerings extend to nuclear fuel fabrication, nuclear fuel transportation, nuclear fuel processing, and nuclear industry consulting services. Nano Nuclear Energy targets markets requiring clean, on-demand, modular advanced nuclear energy solutions, including power generation for remote and industrial locations, space applications, and defense. Founded in 2008 and headquartered in New York, New York, Nano Nuclear Energy operates primarily in the United States and Canada, with licensing and demonstration projects underway, including a Canadian licensing application for the KRONOS MMR™ demonstration project in Ontario. The company is vertically integrating its nuclear fuel supply chain through mining, milling, and conversion initiatives to support its reactor deployment strategy. Recent major developments include the acquisition of Micro Modular Reactor (MMR®) and Pylon reactor technologies from Ultra Safe Nuclear Corp through a Chapter 11 bankruptcy auction, strengthening its intellectual property and technology portfolio. Nano Nuclear has also secured strategic partnerships, notably a feasibility study agreement with BaRupOn LLC to assess multi-unit deployment of its KRONOS MMR™ systems and a non-binding memorandum of understanding with Dioxitek S.A. for nuclear fuel production collaboration. The company was awarded an AFWERX Direct Phase II contract for research, development, testing, and evaluation of the KRONOS MMR™ system at a U.S. military base. It is advancing regulatory milestones with plans to apply for construction permits by late 2025 or early 2026, reflecting a strategic shift towards commercialization and market validation. Additionally, Nano Nuclear signed a letter of intent to sell its ODIN microreactor design and related IP to a U.K. entity, marking a focused effort to monetize select technologies and expand international presence. These recent operational and strategic moves position Nano Nuclear Energy as a leading North American developer in the nuclear microreactor industry, with a diversified product pipeline emphasizing modularity, portability, and clean energy innovation for a broad range of industrial, defense, and space power applications.
Company News
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NANO Nuclear Energy and Enveniam Sign Memorandum of Understanding to Advance U.S. Nuclear Fuel Cycle, Microreactor Deployment and Energy Infrastructure
NANO Nuclear Energy and Enveniam Sign Memorandum of Understanding to Advance U.S. Nuclear Fuel Cycle, Microreactor Deployment and Energy Infrastructure
NANO Nuclear and Howden, a Baker Hughes Business, Advance Engineering Collaboration for the KRONOS MMR™ Primary Helium Circulator to Detailed Design Phase
NANO Nuclear and Howden, a Baker Hughes Business, Advance Engineering Collaboration for the KRONOS MMR(TM) Primary Helium Circulator to Detailed Design Phase
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BlackRock Inc. Invests $73.83 Million in Nano Nuclear Energy Inc. $NNE
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