NANO Nuclear Energy Extends Relationship with the University of Illinois Urbana-Champaign to Construct and Operate the First KRONOS MMR™ Energy System on U.S. University Land

Core Insights - NANO Nuclear Energy Inc. has signed a Memorandum of Understanding (MOU) with the University of Illinois Urbana-Champaign to collaborate on the development, construction, and operation of the KRONOS micro modular reactor (MMR) on campus, marking a significant step in advanced nuclear energy technology [1][2][4]. Group 1: Project Overview - The MOU extends the existing relationship between NANO Nuclear and the University of Illinois, which already includes a sponsored research agreement for design and regulatory licensing of the KRONOS MMR prototype [2]. - The primary goal of the project is the safe and efficient deployment of the KRONOS MMR, aligning with Illinois' energy strategy and carbon-reduction targets as outlined in the Climate and Equitable Jobs Act (CEJA) [3][10]. - Upon completion, the University of Illinois will assume ownership and operational responsibility for the first advanced microreactor on a U.S. university campus, contributing to research and educational programs [9]. Group 2: Collaboration and Operations - NANO Nuclear and the University of Illinois will establish joint project and operations steering committees to oversee technical coordination, safety compliance, and long-term operational planning [5]. - The University will continue to support regulatory engagements with the U.S. Nuclear Regulatory Commission and the State of Illinois, while NANO Nuclear will handle project execution, including engineering and reactor system installation [6][14]. - The collaboration aims to generate real-world operational data to refine future deployment strategies and enhance the commercial viability of NANO Nuclear's technology [12]. Group 3: Technological Aspects - The KRONOS MMR is a high-temperature, gas-cooled microreactor utilizing helium coolant and TRISO particle fuel, designed for safety, reliability, and operational stability [10]. - Its modular architecture allows for flexible deployment and scalable power output, suitable for various applications including large industrial campuses [10]. - NANO Nuclear is also developing other advanced reactor technologies, including the ZEUS solid core battery reactor and the portable LOKI MMR for space applications [15]. Group 4: Future Growth and Employment - NANO Nuclear plans to expand its workforce by adding dozens of engineers to its Oak Brook facility, which serves as the development hub for the KRONOS MMR [11]. - The Illinois government has been supportive of NANO Nuclear's initiatives, creating a conducive environment for the company's growth and advanced nuclear deployment [11].