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NANO Nuclear Energy Advances Fuel Fabrication Facility Ambitions with Key U.S. Department of Energy (DOE) Submission

By District Energy posted 08-22-2023 09:22


Globe Newswire


NANO Nuclear Energy Inc. (“NANO Nuclear”), an emerging micro-small modular reactor and advanced nuclear reactor technology company led by a world-class nuclear engineering team developing proprietary, portable and carbon free energy solutions, announced that it made a key submission to the U.S. Department of Energy (DOE). The submission initiates its due diligence for consideration of locating a NANO Nuclear fuel fabrication capability on the Idaho National Laboratory (INL) site. This line of business would vertically integrate into NANO Nuclear’s existing business of developing its proprietary Zeus and Odin small nuclear microreactors. The company’s current submission includes answers to questions posed by DOE along with a proposed memorandum of understanding, including facility site selection, for the project.

“This submission and our collaboration with INL are a big step forward for NANO Nuclear, and we are very grateful to INL for their invaluable input and assistance with our DOE submission” said Jay Jiang Yu, Founder, Executive Chairman and President of NANO Nuclear Energy. “We believe that our Zeus and Odin microreactors represent the leading edge of advanced nuclear microreactor technology and pairing this with the ability to focus on our own fuel in collaboration with the nation’s preeminent nuclear laboratory would be key vertical integration for our company that would both propel our own reactor business and create very promising additional business opportunities for Nano Nuclear.”

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