Core Insights - NANO Nuclear Energy Inc. has received significant support from key stakeholders for its KRONOS MMR microreactor project, including a feasibility study announcement from potential customer BaRupOn LLC for deploying 15 reactors [1][2][3] - The company has raised over $600 million since May 2024, indicating strong institutional backing and confidence in its technology and market potential [7][8] - The KRONOS MMR is designed for modularity and scalability, aiming to meet the growing energy demands of sectors like data centers and military applications [9][18][20] Company Developments - The KRONOS MMR prototype project is being developed in partnership with the University of Illinois Urbana-Champaign, with site-characterization drilling recently commenced [1][11] - NANO Nuclear's management highlighted the technological readiness of the KRONOS MMR, which has benefited from nearly a decade of R&D and significant investment [7][9] - The company aims to integrate vertically across the nuclear fuel supply chain, enhancing its operational efficiency and market reach [8][23] Market Opportunities - The demand for reliable energy sources is increasing, particularly in AI-driven data centers, with projections indicating U.S. data-center power demand could rise from 41 GW in 2025 to 176 GW by 2035 [18][19] - NANO Nuclear's microreactors are positioned to provide off-grid, baseload power, addressing the challenges of traditional energy sources [9][19] - The military sector is also a target market, with the KRONOS MMR's safety and reliability being critical for energy independence and resilience [20] Technical Aspects - The KRONOS MMR utilizes high-temperature gas-cooled reactor technology, designed for passive safety and minimal emergency planning zones [9] - The reactor's modular design allows for scalable deployment, from single units to larger clusters, which can be tailored to various applications [9][18] - The project is aligned with the University of Illinois' mission and aims to demonstrate advanced microreactor technologies for educational and workforce development purposes [12][13]