Governor Pritzker Announces NANO Nuclear Energy to Establish Operations in Illinois

Core Insights - NANO Nuclear Energy Inc. has announced plans to establish a manufacturing and research & development facility in Illinois, supported by a $6.8 million incentive award from the REV Illinois program [1][2][3] Group 1: Company Developments - The company will invest over $12 million to create 50 new full-time jobs in Illinois [2] - NANO Nuclear has acquired a 23,537-square-foot facility in the Chicagoland area, which includes a dedicated 7,400-square-foot non-nuclear demonstration area [3] - The facility will support collaboration with the University of Illinois Urbana-Champaign on the KRONOS MMR Microreactor Energy System [3][5] Group 2: Government and Economic Support - Governor JB Pritzker emphasized Illinois' competitive advantages in clean energy production, including a qualified workforce and infrastructure [3] - The REV Illinois program aims to foster innovation and sustainability in clean energy production and advanced manufacturing [5][6] - NANO Nuclear's establishment in Illinois aligns with the state's Economic Growth Plan and supports the growing clean energy economy [5][6] Group 3: Industry Context - NANO Nuclear is positioned as a leader in advanced nuclear energy technology, focusing on portable microreactor technologies and nuclear fuel fabrication [10][11] - The company aims to commercialize its KRONOS MMR Energy System, which is currently in the pre-application phase with the U.S. Nuclear Regulatory Commission [11] - NANO Nuclear's subsidiaries are involved in various aspects of the nuclear energy sector, including fuel transportation and space applications [12][14]