Nano Nuclear extends relationship with Universiry of Illinois Urbana-Champaign

NANO Nuclear Energy (NNE) signed a Memorandum of Understanding with the Board of Trustees of the University of Illinois on behalf of the University of Illinois Urbana-Champaign to collaborate on the development, construction, and operation of its KRONOS MMR on campus as an advanced research reactor. The signing of the MOU represents an extension of NANO Nuclear’s key relationship with U. of I. While the existing definitive sponsored research agreement between NANO Nuclear and U. Of I. provides for U. of I.’s support in design and regulatory licensing of the prototype KRONOS MMR, the MOU sets forth the next steps for the design, construction, ownership and ultimate operation of a KRONOS MMR on the U. of I. campus. The primary goal of the project is the safe, efficient, and responsible deployment of the KRONOS MMR microreactor at U. of I, which aligns with Illinois’ long-term energy strategy and supports the carbon-reduction targets outlined in the state’s Climate and Equitable Jobs Act.