1. NNE signed MOU with University of Illinois for KRONOS MMR™ development. 2. The project aims for safe deployment, supporting Illinois' carbon-reduction targets. 3. U. of I. will own and operate the first microreactor on a U.S. campus. 4. NNE plans to expand local engineering workforce to support project execution. 5. Collaboration aims to enhance energy innovation within Illinois and nationally.
FAQ
Why Bullish?
The MOU establishes a path towards commercialization and solidifies NNE's position in the nuclear market. Historical examples, like partnerships leading to successful projects, underline such initiatives tend to drive stock prices up.
How important is it?
This announcement directly impacts NNE's business trajectory, positioning it on a path toward substantial market relevance and innovative energy solutions.
Why Long Term?
The impact of successful deployment will unfold over several years as construction and regulatory processes take time. Similar projects, like varied commercial nuclear initiatives, can take years to realize full benefits.
NANO Nuclear Energy Expands Collaboration with University of Illinois Urbana-Champaign
New York, N.Y., Dec. 31, 2025 (GLOBE NEWSWIRE) -- NANO Nuclear Energy Inc. (NASDAQ: NNE), a premier player in nuclear energy technology focused on clean energy solutions, has announced a pivotal Memorandum of Understanding (MOU) with the University of Illinois Board of Trustees. This agreement will facilitate the development, construction, and operation of the KRONOS MMR™ as an advanced research reactor on the university's campus.
Details of the Agreement
The signing of this MOU marks a significant extension of NANO Nuclear's ongoing relationship with the University of Illinois Urbana-Champaign. While an existing sponsored research agreement supports the design and regulatory licensing of the KRONOS MMR™, the new MOU outlines the next critical steps for its design, construction, ownership, and operation. The project aims to efficiently and safely deploy the KRONOS MMR™ microreactor, aligning with Illinois’ long-term energy strategy and contributing to the state’s carbon-reduction targets as described in the Climate and Equitable Jobs Act (CEJA).
Significance for Clean Energy Innovation
This initiative not only showcases the commercial viability of NANO Nuclear’s technology but also positions the University of Illinois as a vital center for energy innovation in the state and the nation. “We are pleased to take this significant step towards the construction and operation of the first KRONOS MMR™ modular microreactor in the United States in partnership with the University of Illinois Urbana-Champaign,” stated Jay Yu, Founder and Chairman of NANO Nuclear.
- Project Goals: Safe deployment of the KRONOS MMR™.
- Collaborative Support: Ongoing engagement with the U.S. Nuclear Regulatory Commission and State of Illinois.
- Academic Partnership: Joint committees for oversight on safety and operational planning.
Future of Nuclear Energy
The project is designed to collect operational data that will enhance research and educational programs while also aiding the State of Illinois in its transition to a zero-carbon energy system. “Nuclear energy is the right power source to meet the moment for our state, our nation, and our world,” remarked Caleb S. Brooks, Donald Biggar Willett Faculty Scholar at U. of I. The KRONOS MMR™ Energy System features high-temperature gas-cooled technology, which utilizes helium coolant and TRISO particle fuel, ensuring inherent safety and reliability.
Project Development and Community Impact
NANO Nuclear will oversee the full execution of the project, including site preparation, reactor installation, and testing, pending regulatory approval. This partnership is expected to create numerous engineering positions at NANO Nuclear's Oak Brook facility, further underlining the company's commitment to advanced nuclear technology in Illinois. “By collaborating with the University of Illinois, we are in an optimal position to generate real-world operational data that will inform future deployment strategies,” added James Walker, CEO of NANO Nuclear.
About NANO Nuclear Energy Inc.
NANO Nuclear Energy Inc. (NASDAQ: NNE) aims to be a leading technology-driven nuclear energy company in North America, focused on various innovative business lines including:
- Microreactor technologies.
- Nuclear fuel fabrication.
- Nuclear fuel transportation.
- Nuclear applications for space.
- Nuclear industry consulting services.
With the KRONOS MMR™ as its flagship project, NANO Nuclear is positioned as the first publicly listed company in the U.S. dedicated to portable nuclear microreactors, driving forward with innovative solutions to meet global energy needs.