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NANO Nuclear Energy Establishes Specialized Facility in New York State to Demonstrate Key Components of its Nuclear Microreactor Designs
New York, N.Y., Feb. 04, 2025 (GLOBE NEWSWIRE) -- NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy
About this update from Nano Nuclear Energy Inc.
[{"type":"text","content":"New York, N.Y., Feb. 04, 2025 (GLOBE NEWSWIRE) -- NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy and technology company focused on developing clean energy solutions, today announced that it is establishing a purpose-built demonstration facility in Westchester County, New York to be used to demonstrate the operation and viability of several non-nuclear parts and components of NANO Nuclear’s four nuclear microreactors in development: ZEUSTM, ODINTM, LOKI MMRTM and KRONOS MMRTM. Figure 1 – Image of Exterior of NANO Nuclear’s New Advanced Demonstration Facility for Key Components of its Nuclear Microreactor Designs in Westchester County, NY The facility will also support ongoing work on NANO Nuclear’s SBIR Phase III project for its Annular Linear Induction Pump (ALIP) technology. ALIP addresses challenges in high-efficiency thermal fluid management for clean energy and high-temperature industrial processes and is based on electromagnetic (rather than mecha1nical) pumps. A key enabling technology for NANO Nuclear’s suite of nuclear microreactors, ALIP is being further developed under the SBIR Phase III project to accelerate the transition from research to practical products and services. “This advanced facility, will play a major role in our development efforts, providing our technical teams with access to key physical data. We plan to announce timely updates throughout the year on certain key research and developmental milestones,” said Jay Yu, Founder and Chairman of NANO Nuclear Energy. “The facility will also be used to advance commercialization efforts surrounding our ALIP technology, which could have a significant impact on the wider nuclear energy sector in addition to being a key enabling technology for our own, proprietary suite of microreactor technologies.” Figure 2 – Image of NANO Nuclear’s Management and Technical teams at the Company’s New Advanced Demonstration Facility for Key Components of its Nuclear Microreactor Designs in Westchester County, New York The expansion of NANO Nuclear’s operations in New York State follows its December 17, 2024 response to a New York State Energy Research and Development Authority (NYSERDA) Request for Information (RFI) concerning the development of advanced nuclear energy technologies in New York State. The demonstration fac...