- NANO Nuclear Energy (NNE, Financial) advances its KRONOS MMR microreactor project at the University of Illinois Urbana-Champaign.
- Partnership with AECOM for engineering and environmental services is a pivotal step in regulatory process.
- The project positions NANO Nuclear as a potential leader in the U.S. microreactor industry.
NANO Nuclear Energy Inc. (NASDAQ: NNE) has announced significant advancements in its KRONOS MMR microreactor construction program at the University of Illinois Urbana-Champaign (UIUC). The company has engaged AECOM, a global infrastructure leader, under a master services agreement to provide essential engineering and environmental services required for the project's development.
This collaboration includes detailed environmental reviews, regulatory pathway planning, and site drilling to gather geological data necessary for submitting a construction permit application to the U.S. Nuclear Regulatory Commission (NRC). This strategic partnership is instrumental in progressing towards the deployment of the microreactor, which aims to be one of the first licensed on a U.S. university campus.
The site-specific work at UIUC consists of technical feasibility studies, site assessments, environmental analyses, and regulatory interface coordination. This places NANO Nuclear at the forefront of the microreactor industry, offering substantial research and training opportunities while positioning UIUC as a hub for clean energy innovation.
The KRONOS MMR project at UIUC marks a transformative step for NANO Nuclear, showcasing its commitment to turning next-generation nuclear technology into viable energy solutions. The company's ability to successfully navigate the NRC's licensing process could cement its leadership role in the U.S. microreactor sector.
