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NANO Nuclear Signs a Memorandum of Understanding with the Rwanda Atomic Energy Board to Develop a Robust Nuclear Energy Ecosystem within the Republic of Rwanda
NANO Nuclear and the Rwanda Atomic Energy Board will cooperate on educational, regulatory and physical development of the country’s nuclear energy
About this update from Nano Nuclear Energy Inc.
[{"type":"text","content":"NANO Nuclear and the Rwanda Atomic Energy Board will cooperate on educational, regulatory and physical development of the country’s nuclear energy infrastructure. New York, N.Y., Aug. 15, 2024 (GLOBE NEWSWIRE) -- NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear”), a vertically integrated advanced nuclear energy and technology company developing portable clean energy solutions, today announced that it has signed a Memorandum of Understanding (MOU) with the Rwanda Atomic Energy Board (RAEB). The MOU establishes a framework under which NANO Nuclear work alongside the RAEB to facilitate the introduction and eventual integration of small modular reactors (SMRs) and microreactors, like ‘ZEUS’ and ‘ODIN’, NANO Nuclear’s next generation microreactors in development, throughout the Republic of Rwanda. NANO Nuclear will also be responsible for enabling the development of the country’s entire ecosystem of nuclear energy systems. This includes providing technical assistance, training and educational programs to develop Rwanda’s technical expertise in the nuclear energy industry. The MOU marks NANO Nuclear’s first entry into the sizeable market for nuclear energy in Africa and highlights the benefits of the Executive Advisory Board NANO Nuclear has assembled. Dr. Lassina Zerbo, Chair of the Executive Advisory Board for Africa, is a nuclear science diplomat and former Prime Minister of Burkina Faso. His efforts were key in assisting NANO Nuclear with this MOU. \"Our MOU with NANO Nuclear once again highlights Rwanda's commitment to being a proof-of-concept destination as a strategy to accelerate the integration of innovative technologies and build a knowledge-based economy,” said Dr. Fidele Ndahayo, Chief Executive Officer of the Rwanda Atomic Energy Board. “SMR technologies are now being developed, and Rwanda wishes to be part of the development process. This will position us well to embrace the technology when it becomes available on the market. This is a valuable opportunity for education and training, resulting in technology transfer and innovation.\" Figure 1 - NANO Nuclear Energy Inc. Signs a Memorandum of Understanding with the Rwanda Atomic Energy Board (RAEB) to prepare the Republic of Rwanda for the next generation of nuclear energy technologies including SMRs and Microreactors. “This framework agreement between NANO Nuclear an...