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NANO Nuclear Energy Acquires Novel Nuclear Reactor Cooling Technology
Annular Linear Induction Pump (ALIP) Technology is a key enabling technology for NANO Nuclear’s ‘ODIN’ microreactor and has significant potential for separate
About this update from Nano Nuclear Energy Inc.
[{"type":"text","content":"Annular Linear Induction Pump (ALIP) Technology is a key enabling technology for NANO Nuclear’s ‘ODIN’ microreactor and has significant potential for separate commercialization within a year NANO Nuclear will fund and oversee a related Small Business Innovation Research (SBIR) Phase III project previously funded $1.37M by DOE grants. New York, N.Y., June 24, 2024 (GLOBE NEWSWIRE) -- NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear”), an emerging vertically integrated microreactor and advanced nuclear technology company, led by a world-class nuclear engineering team, developing portable clean energy solutions, today announced its acquisition of novel annular linear induction pump (ALIP) intellectual property used in small nuclear reactor cooling and heat transfer from noted physicist, research engineer and project manager Carlos O. Maidana, PhD. of Maidana Research. Dr. Maidana has agreed to collaborate with NANO Nuclear as a consultant on further development of the ALIP technology with a view towards achieving SBIR Phase III Award status. These efforts will build on previous Department of Energy grants for the technology, aggregating over $1.37 million in prior phases. NANO Nuclear will provide funding (estimated to be approximately $350,000) and other resources necessary for the Phase III project, and Dr. Maidana will be the Principal Investigator on this project. The ALIP technology, which is based on electromagnetic (rather than mechanical) pumps, is a key-enabling technology to NANO Nuclear’s ODIN’, a clean energy, portable micro nuclear reactor in development. Following the previously announced completion of Idaho National Laboratory’s (INL) review of the ‘ODIN’ microreactor design in February 2024, NANO Nuclear engineers have diligently worked to identify relevant technologies to further optimize and simplify ODIN’s design. The acquired ALIP technology, to be refined during the SBIR Phase III program, is an example of this strategy in action. Figure 1: NANO Nuclear Energy’s Annular Linear Induction Pump (ALIP) MR-12 internal structure (skeleton) rendering. Moreover, NANO Nuclear believes there is significant potential for this technology to be separately commercialized within a year as a component for liquid metal and molten salt-based nuclear reactors. Most advanced nuclear reactor designs utilize liquid-metals and m...