NANO Nuclear Energy (NNE) signed a Feasibility Study Agreement with BaRupOn to evaluate supplying many KRONOS MMR units to provide 1 GW of nuclear energy supporting BaRupOn 701-acre Liberty American Multi-Sourced Power and Innovation Hub being developed in Liberty, Texas, USA. As part of the feasibility assessment, NANO Nuclear will evaluate the site’s projected power demand, reactor integration requirements, and the suitability of available land and site access for deployment of many KRONOS MMRunits directly on the LAMP property. BaRupOn will compensate NANO Nuclear for completion of the assessment. With rapidly increasing compute demand across the industry, BaRupOn has forecast a significant and accelerating power squeeze in Texas and across the U.S., particularly as the tech industry’s high-performance computing, and digital processing require exponentially larger electricity baseloads. Recognizing the urgency of future power constraints, and the risks they pose to long-term data center uptime, BaRupOn has expressed its willingness to co-invest directly into the construction of NANO Nuclear’s microreactors at its site following successful completion of the feasibility assessment.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NNE:
- Buy Rating on Nano Nuclear Energy Inc. Driven by Innovative Electromagnetic Pump Technology and Strategic Positioning
- DOE’s Coe says U.S. to own as many as 10 nuclear reactors, Bloomberg reports
- Nano Nuclear Energy completes full-system testing on ALIP technology
- Nano Nuclear Energy Inc call volume above normal and directionally bullish
- Largest borrow rate increases among liquid names
