Core Viewpoint - NANO Nuclear Energy Inc. has been designated as the reactor designer for the KRONOS MMRTM Energy System, marking a significant milestone in its collaboration with the University of Illinois Urbana-Champaign and the U.S. Nuclear Regulatory Commission [1][3][5]. Group 1: Company Developments - In January 2025, NANO Nuclear acquired nuclear energy technology assets from Ultra Safe Nuclear Corporation, including the KRONOS MMRTM Energy System, and plans to extend collaboration with the University of Illinois to demonstrate the system's technology readiness [2][5]. - The KRONOS MMRTM Energy System will utilize TRISO particle fuel, helium gas coolant, and a graphite moderator, with a molten salt secondary loop for thermal integration on the university's Urbana campus [3][8]. - The update to the university's regulatory docket reflects ongoing progress and NANO Nuclear's commitment to guiding the KRONOS MMRTM through demonstration and regulatory processes [2][5]. Group 2: Strategic Goals - The collaboration with the University of Illinois aims to demonstrate compliance with U.S. nuclear regulatory standards, facilitating the licensing process and moving closer to commercialization [5][8]. - NANO Nuclear is focused on developing a suite of portable microreactor technologies, including ODIN, ZEUS, and LOKI MMRTM, which represent advanced developments in clean energy solutions [3][8]. - The company aims to establish a vertically integrated nuclear fuel business through its subsidiaries, including Advanced Fuel Transportation Inc. and HALEU Energy Fuel Inc., to support its microreactor technologies [9][10].
NANO Nuclear Energy Confirmed as Reactor Designer of KRONOS MMR by U.S. Nuclear Regulatory Commission