![[NANO-logo.png|300]] Company website: [https://nanonuclearenergy.com/](https://nanonuclearenergy.com/) ### Introduction NANO Nuclear Energy Inc. (NNE) was founded in 2022 by Jay Jiang Yu, who serves as its Chairman and President, building on his vision to create a vertically integrated nuclear energy company focused on advanced microreactor technologies. Headquartered in New York, New York, the company's mission is to become a commercially focused, diversified, and vertically integrated nuclear energy enterprise that captures market share in portable microreactor technologies, nuclear fuel fabrication, fuel transportation, space applications, and consulting services, delivering smaller, cheaper, and safer nuclear solutions for clean energy. The company's key focus areas include developing portable advanced microreactors for decentralized power, establishing domestic High-Assay Low-Enriched Uranium (HALEU) fuel production, advancing nuclear fuel transportation systems, exploring space-based nuclear applications, and providing industry consulting; NANO Nuclear leverages intellectual property acquisitions and partnerships to accelerate commercialization, targeting markets like data centers, military installations, remote communities, and extraterrestrial environments while emphasizing regulatory compliance and innovation in nuclear safety. ### Key Products and Technology - **ZEUS Solid-Core Battery Reactor**: A portable microreactor with solid-core design and conductive moderator matrix for heat dissipation; features include sealed core for safety, scalability, low-pressure operation, and potential for space applications; applications in remote power supply, military bases, data centers, and extraterrestrial environments like cis-lunar missions. - **ODIN Low-Pressure Coolant Reactor**: An advanced microreactor using low-pressure coolant for enhanced efficiency; features passive safety systems, compact design for transportability, and integration with existing infrastructure; applications in on-demand clean energy for industrial sites, grid-independent operations, and hybrid renewable systems. - **KRONOS MMR Energy System**: A stationary high-temperature gas-cooled micro modular reactor (MMR) with up to 10 MWe output; features advanced fuel efficiency, seismic resilience, and collaboration for licensing; applications in university research, commercial power generation, and testing for broader deployment. - **LOKI MMR System**: A portable microreactor optimized for space; features compact size, high energy density, and propulsion potential; applications in extraterrestrial projects, human habitats on other planets, and long-haul space missions. - **HALEU Fuel Fabrication (via HALEU Energy Fuel Inc.)**: Domestic production of High-Assay Low-Enriched Uranium fuel; features deconversion and enrichment processes for advanced reactors; applications in supplying fuel for microreactors, national labs, and DOE programs. - **Advanced Fuel Transportation (via Advanced Fuel Transportation Inc.)**: Patented high-capacity HALEU transportation basket; features secure, compliant design for rail/road/sea transport; applications in commercial delivery of HALEU to reactors and facilities. ### Team and Leadership - **Jay Jiang Yu, Founder, Executive Chairman, and President**: Founded NANO Nuclear in 2022; oversees strategic direction and vertical integration; background in finance and energy investments. - **James Walker, Chief Executive Officer and Director**: Leads operations and commercialization; nuclear physicist and engineer with experience in reactor design; focuses on microreactor advancements. - **Florent Heidet, Ph.D., Chief Technology Officer and Head of Reactor Development**: Directs technology R&D; renowned expert in advanced reactors with 20 years at Argonne National Lab; specializes in microreactor innovation. - **Ian Farnan, Ph.D., Lead of Nuclear Fuel Cycle, Radiation, and Materials**: Manages fuel cycle and materials science; Professor at Cambridge University, expert in radiation effects on nuclear materials. ### Recent News and Developments (2025) | Date | Event | Details | |------|--------|---------| | July 24, 2025 | Joins Canadian Nuclear Association | NANO Nuclear became a member to support advanced nuclear technologies in Canada, aligning with its microreactor focus. | | July 14, 2025 | Advances KRONOS MMR Program | Progressed construction and deployment of KRONOS MMR at University of Illinois Urbana-Champaign for research and licensing. | | July 10, 2025 | Participates in H.C. Wainwright Fireside Chat | CEO James Walker discussed business developments and microreactor progress at the Powering America Summit. | | June 10, 2025 | Files $620 Million Mixed Securities Shelf | Submitted for flexibility in future capital raises to support growth and technology advancement. | | May 29, 2025 | Closes $105 Million Private Placement | Raised funds primarily from institutional investors to boost cash reserves for operations and development. | | May 16, 2025 | Announces Q2 Financial Results | Reported operational highlights, including facility retrofits and acquisitions, with outlook for demonstrations in 2025. | | May 7, 2025 | Completes Retrofit of NY Testing Facility | Finished upgrades to Westchester facility for ZEUS component testing throughout 2025. | | May 1, 2025 | Sponsors Reuters SMR Conference | Named Platinum Sponsor for SMR & Advanced Reactor 2025, with CEO keynote on U.S. growth. | | April 22, 2025 | Partners with UIUC for Research Reactor | Received grant to advance KRONOS MMR licensing and deployment at university site. | | April 9, 2025 | Sponsors Innovation Zero Congress | Announced sponsorship and speaking at London event on April 29-30, focusing on clean energy. | | April 2, 2025 | Signs Agreement with UIUC | Landmark deal to build first KRONOS MMR research reactor on campus. | | March 4, 2025 | Participates in SMR Canada Summit | Engaged in discussions on advanced nuclear technologies at Alberta event. | | February 24, 2025 | Partners at IDGA Operational Energy Summit | Announced as Two Star Partner with CEO presentation on February 25-26. | | February 5, 2025 | Opens NY Demonstration Facility | Launched site to showcase nonnuclear microreactor components. | | January 23, 2025 | Highlights Key Acquisitions | Emphasized integration of nuclear technology assets acquired on January 10. | | January 8, 2025 | Collaborates with LIS Technologies | Formed partnership for uranium hexafluoride supply to support fuel needs. | ### Partnerships and Collaborations - **University of Illinois Urbana-Champaign (UIUC)**: Signed landmark agreement in April 2025 to build and operate the first KRONOS MMR research reactor on campus, including licensing and public engagement. - **CURIO Solutions**: Memorandum of Understanding (MOU) for collaboration on advanced nuclear fuel recycling to support microreactor fuel cycles. - **Digihost Technology Inc.**: Collaboration announced in December 2024 (ongoing 2025) to deploy microreactors at Digihost's 60 MW power plant in upstate New York for zero-emission energy. - **Vert2Grow Energy Solutions**: MOU signed in December 2024 (extended into 2025) to bring sustainable energy and food production to remote communities using microreactors. - **LIS Technologies Inc.**: Partnership formed in January 2025 to provide uranium hexafluoride (UF6) for advanced fuel production. - **Canadian Nuclear Association**: Joined in July 2025 to advocate for next-generation nuclear technologies in Canada. ### Closing Note As a publicly traded company (NASDAQ: NNE) that raised over $159 million through IPO follow-ons and private placements in 2025, NANO Nuclear Energy is at a development stage with a strong cash position, poised for technology demonstrations and initial deployments by 2027 amid expanding partnerships in research and commercialization. *Report generated July 28, 2025*