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NANO Nuclear Energy Signs MOU with Vert2Grow Energy Solutions to Bring Sustainable Energy and Food Production to Remote Communities
NNENano Nuclear Energy Inc.(NNE) GlobeNewswire News Room·2024-12-03 14:00

Core Insights - NANO Nuclear Energy Inc. has signed a non-binding Memorandum of Understanding (MOU) with Vert2Grow Energy Solutions Inc. to explore the integration of portable microreactor technology with vertical farming solutions [1][2][3] Project Scope - The collaboration will focus on feasibility studies to evaluate the integration of microreactor and vertical farming technologies, including technical compatibility and economic viability [6] - Site selection will target optimal locations for pilot projects in remote communities and disaster-prone areas across sub-Saharan Africa, South America, Southeast Asia, and Northern Canada [7] - A potential pilot program is planned for launch by 2027, integrating a prototype microreactor system with a demonstration vertical farm [7][8] Community Empowerment - The partnership aims to provide consistent access to fresh food while reducing reliance on diesel generators and imported provisions, thereby empowering remote communities [9] - The collaboration envisions significant economic, social, and environmental benefits, contributing to resilient and self-sufficient communities [9][10] Company Background - NANO Nuclear Energy Inc. is focused on developing portable microreactor technology and aims to become a diversified, vertically integrated company across multiple business lines [13][14] - Food Security Structures Canada specializes in scalable vertical farming systems designed for operational efficiency and resilience, enabling year-round food production [4][12]