tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Nano Nuclear Energy announces 1 GW feasibility study with BaRupOn

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

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1