NANO Nuclear Energy and Blockfusion Sign Memorandum of Understanding to Explore Advanced Microreactor Solutions for Power Remote Artificial Intelligence Datacenters
NANO Nuclear Energy (NASDAQ: NNE) has signed a non-binding, non-exclusive Memorandum of Understanding (MOU) with Blockfusion Ventures to explore advanced microreactor solutions for powering remote artificial intelligence datacenters. The 23-month collaboration will focus on:
1. Evaluating NANO Nuclear's microreactor technologies for Blockfusion's Niagara Falls datacenter
2. Assessing clean energy alternatives like wind and solar
3. Considering environmental, regulatory, and economic factors
NANO Nuclear's 'ZEUS' microreactor, designed to fit in a 45-foot container, can generate 1-2 MW of electricity without fluid coolant. This collaboration aims to address the growing energy demands of AI and data centers with sustainable solutions.
NANO Nuclear Energy (NASDAQ: NNE) ha firmato un Memorandum of Understanding (MOU) non vincolante e non esclusivo con Blockfusion Ventures per esplorare soluzioni avanzate di microreattori per alimentare centri di dati di intelligenza artificiale remoti. La collaborazione di 23 mesi si concentrerà su:
1. Valutazione delle tecnologie microreattori di NANO Nuclear per il centro dati di Blockfusion a Niagara Falls
2. Valutazione di alternative di energia pulita come eolica e solare
3. Considerazione di fattori ambientali, normativi ed economici
Il microreattore 'ZEUS' di NANO Nuclear, progettato per adattarsi a un container di 45 piedi, può generare 1-2 MW di elettricità senza refrigerante fluido. Questa collaborazione si propone di affrontare le crescenti esigenze energetiche dell'IA e dei centri dati con soluzioni sostenibili.
NANO Nuclear Energy (NASDAQ: NNE) ha firmado un Memorando de Entendimiento (MOU) no vinculante y no exclusivo con Blockfusion Ventures para explorar soluciones avanzadas de microreactores para alimentar centros de datos de inteligencia artificial remotos. La colaboración de 23 meses se centrará en:
1. Evaluar las tecnologías de microreactores de NANO Nuclear para el centro de datos de Blockfusion en Niagara Falls
2. Evaluar alternativas de energía limpia como la eólica y la solar
3. Considerar factores ambientales, regulatorios y económicos
El microreactor 'ZEUS' de NANO Nuclear, diseñado para encajar en un contenedor de 45 pies, puede generar 1-2 MW de electricidad sin refrigerante líquido. Esta colaboración tiene como objetivo abordar la creciente demanda de energía de la IA y los centros de datos con soluciones sostenibles.
NANO Nuclear Energy (NASDAQ: NNE)는 Blockfusion Ventures와 함께 원거리 인공지능 데이터 센터를 위한 고급 마이크로 리액터 솔루션을 탐색하기 위해 비구속적이고 비독점적인 양해각서(MOU)를 체결했습니다. 23개월간의 협업은 다음에 집중될 것입니다:
1. Blockfusion의 나이아가라 폭포 데이터 센터를 위한 NANO Nuclear의 마이크로 리액터 기술 평가
2. 풍력 및 태양력과 같은 청정 에너지 대안 평가
3. 환경, 규제 및 경제적 요인 고려
NANO Nuclear의 'ZEUS' 마이크로 리액터는 45피트 컨테이너에 맞게 설계되어 있으며, 냉각제를 사용하지 않고도 1-2 MW의 전기를 생성할 수 있습니다. 이 협업은 AI와 데이터 센터의 증가하는 에너지 수요를 지속 가능한 솔루션으로 해결하는 것을 목표로 합니다.
NANO Nuclear Energy (NASDAQ: NNE) a signé un protocole d'accord (MOU) non contraignant et non exclusif avec Blockfusion Ventures pour explorer des solutions avancées de microréacteurs pour alimenter des centres de données d'intelligence artificielle à distance. La collaboration de 23 mois se concentrera sur :
1. L'évaluation des technologies de microréacteurs de NANO Nuclear pour le centre de données de Blockfusion à Niagara Falls
2. L'évaluation d'alternatives énergétiques propres telles que l'éolien et le solaire
3. La prise en compte des facteurs environnementaux, réglementaires et économiques
Le microréacteur 'ZEUS' de NANO Nuclear, conçu pour s'adapter à un conteneur de 45 pieds, peut générer 1 à 2 MW d'électricité sans fluide de refroidissement. Cette collaboration vise à répondre aux besoins énergétiques croissants de l'IA et des centres de données avec des solutions durables.
NANO Nuclear Energy (NASDAQ: NNE) hat ein unverbindliches und nicht exklusives Memorandum of Understanding (MOU) mit Blockfusion Ventures unterzeichnet, um fortschrittliche Mikroreaktorlösungen zur Versorgung abgelegener Rechenzentren für künstliche Intelligenz zu erkunden. Die 23-monatige Zusammenarbeit wird sich auf Folgendes konzentrieren:
1. Bewertung der Mikroreaktortechnologien von NANO Nuclear für das Rechenzentrum von Blockfusion in den Niagarafällen
2. Bewertung alternativer sauberer Energien wie Wind- und Solarenergie
3. Berücksichtigung von Umwelt-, Regulierungs- und wirtschaftlichen Faktoren
Der 'ZEUS' Mikroreaktor von NANO Nuclear, der für einen 45-Fuß-Container konzipiert ist, kann ohne Flüssigkeitskühlmittel 1-2 MW Strom erzeugen. Diese Zusammenarbeit zielt darauf ab, den wachsenden Energiebedarf von KI und Rechenzentren mit nachhaltigen Lösungen zu decken.
- Potential new market opportunity in powering AI datacenters
- Collaboration with established datacenter operator Blockfusion
- ZEUS microreactor design fits in a 45-foot container, suitable for remote applications
- ZEUS can generate 1-2 MW of electricity without fluid coolant
- MOU is non-binding and non-exclusive
- No immediate revenue impact from the agreement
The MOU between NANO Nuclear Energy and Blockfusion marks a significant step towards exploring advanced microreactor solutions for powering AI datacenters. This collaboration could potentially revolutionize the energy landscape for data-intensive operations.
Key points to consider:
- NANO Nuclear's 'ZEUS' microreactor, designed to fit in a 45-foot container, could generate
1 to 2 MW of electricity without fluid coolant, simplifying the system and enhancing safety. - The 23-month collaboration framework allows for thorough technical assessment and potential integration of microreactor technologies with Blockfusion's energy requirements.
- This partnership aligns with the growing trend of sustainable energy solutions for high-demand sectors like AI, quantum computing and cryptocurrency mining.
However, investors should note that while promising, this MOU is non-binding and non-exclusive. The success of this venture hinges on the technical feasibility, regulatory approvals and economic viability of implementing microreactor technology in datacenter operations. The outcome of this collaboration could significantly impact NANO Nuclear's market position in the clean energy sector.
The potential integration of NANO Nuclear's microreactor technology into Blockfusion's datacenter operations presents an intriguing case study in sustainable energy transitions. Here's why this matters:
- Blockfusion's facility, converted from a decommissioned coal plant, already utilizes hydroelectric power from Niagara Falls, showcasing a commitment to clean energy.
- NANO Nuclear's microreactors could provide a reliable, clean baseload energy source to supplement hydroelectric power during peak demand or disruptions.
- Unlike other renewable alternatives, these microreactors are designed for efficient space usage, potentially minimizing additional land use or construction needs.
From an environmental perspective, this collaboration represents a multi-faceted approach to sustainable energy. It combines hydroelectric power with potential nuclear microreactors, demonstrating how diverse clean energy sources can work in tandem. However, it's important to monitor how regulatory bodies will assess the environmental impact of deploying nuclear technology in this context, particularly given the proximity to a significant water source like Niagara Falls.
The partnership between NANO Nuclear and Blockfusion highlights the increasing energy demands of AI and data-intensive technologies. This collaboration could be a game-changer for the tech industry:
- AI datacenters require massive, consistent power supplies to operate efficiently. NANO Nuclear's microreactors could potentially provide this stable baseload energy.
- The ability to power AI operations with clean, reliable energy could accelerate AI development and deployment, particularly in areas with access to traditional power grids.
- This solution could address the growing concern over AI's carbon footprint, potentially making AI more environmentally sustainable.
However, investors should consider the technical challenges. Integrating nuclear microreactors with sensitive AI hardware requires careful planning and robust safety measures. The success of this venture could set a precedent for powering next-generation technologies, but it also hinges on overcoming significant technical and regulatory hurdles. If successful, this could open new markets for both NANO Nuclear and companies operating large-scale AI infrastructures.
NANO Nuclear will lead the technical evaluation of viable power supply solutions for Blockfusion’s remote artificial intelligence datacenter.
New York, N.Y., July 30, 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 Blockfusion Ventures, an affiliate of data center operator Blockfusion USA, Inc.
Under the MOU, NANO Nuclear will lead the technical assessment of advanced power supply systems for Blockfusion's datacenter in Niagara Falls, NY. NANO Nuclear will explore the potential integration of its advanced microreactor technologies, evaluating compatibility between its microreactors’ electric output and the artificial intelligence (AI) datacenter's energy requirements. NANO Nuclear will also assist Blockfusion in assessing the potential for other clean energy source alternatives like wind and solar. Additionally, considerations will be made in relation to environmental and regulatory constraints, as well as economic feasibility, alongside risk assessments. The MOU is non-binding and non-exclusive, but establishes a collaboration framework for a period of twenty-three months which could lead to the execution of definitive agreements in the future.
“We are thrilled to be collaborating with NANO Nuclear on this exciting endeavor,” said Alex Martini, CEO of Blockfusion. “The groundbreaking microreactor technology NANO Nuclear is developing has the potential to revolutionize the way data centers are powered, ensuring a sustainable future while meeting the very large and ever-growing energy demands of data center and artificial intelligence sectors.”
“We have long considered datacenters focused on AI, quantum computing and crypto mining as an ideal potential customer for our micro nuclear reactors in development, and this MOU provides an excellent opportunity to explore the real-world demands our microreactors can meet for this important sector,” said Jay Yu, Founder and Chairman of NANO Nuclear. “We are pleased to collaborate with Blockfusion as a fellow New York State, clean energy-focused company on the next steps of optimizing our innovative microreactors. Together, we are committed to maintaining environmentally sustainable operations to meet the high energy demands of artificial intelligence and data centers. We believe that the data and observations arising out of this MOU will be instrumental in further refining and optimizing our microreactor solutions.”
Figure 1 - NANO Nuclear Energy Signs Memorandum of Understanding with Blockfusion.
Blockfusion’s facility has undergone a multi-million-dollar conversion from a decommissioned coal power plant to a state-of-the-art data center powered by the hydroelectric energy of Niagara Falls. NANO Nuclear has been tasked with exploring its potential to supplement the Blockfusion’s datacenter’s energy demands during off peak hours or times of disruption. With its potential for reliability and capacity for providing a consistent and clean baseload energy, nuclear power is well-suited for this purpose. NANO Nuclear’s microreactors are being designed for use in remote applications and efficient space usage, and are seeking to offer an environmentally sustainable alternative to other renewable energy solutions which may require additional land or construction.
Figure 2 - Blockfusion's State-of-the-Art Datacenter, Converted from a Decommissioned Dirty-Coal Power Plant.
The 'ZEUS' microreactor, designed to fit within the dimensions of a 45-foot high-cube container, features a power conversion unit capable of generating 1 to 2 MW of electricity without the need for a fluid coolant. This fluid-free design simplifies the system, relying entirely on passive components to enhance safety and reliability. Its configuration is being designed to make ‘ZEUS’ suitable for a wide range of applications, including remote data centers, AI and quantum computing, and cryptocurrency mining, among others.
“We are delighted that Blockfusion has chosen us to help research and to meet their energy demands with our next-generation, cutting-edge microreactor solutions,” said James Walker, Chief Executive Officer and Head of Reactor Development of NANO Nuclear Energy. “The ability to meet remote energy demands like Blockfusion’s with minimal environmental impact and high reliability was the driving force behind the inception of NANO Nuclear. It is very gratifying to partner with an established and forward-thinking company that recognizes the potential of our microreactors to provide a sustainable solution to their baseload energy needs.”
About Blockfusion
Blockfusion owns, develops and operates data centers powered by clean energy.
About NANO Nuclear Energy Inc.
NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across four business lines: (i) cutting edge portable microreactor technology, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation and (iv) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S.
Led by a world-class nuclear engineering team, NANO Nuclear’s products in technical development are “ZEUS”, a solid core battery reactor, and “ODIN”, a low-pressure coolant reactor, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors.
Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America.
HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear’s own microreactors as well as the broader advanced nuclear reactor industry.
For more corporate information please visit: https://NanoNuclearEnergy.com/
For further information, please contact:
Email: IR@NANONuclearEnergy.com
Business Tel: (212) 634-9206
PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE:
NANO Nuclear Energy LINKEDIN
NANO Nuclear Energy YOUTUBE
NANO Nuclear Energy TWITTER
Cautionary Note Regarding Forward Looking Statements
This news release and statements of NANO Nuclear’s management in connection with this news release or related events contain or may contain "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements (including statements regarding the potential benefits of the MOU with Blockfusion and related technologies in development as described herein) related to future events, which may impact our expected future business and financial performance, and often contain words such as "expects", "anticipates", "intends", "plans", "believes", “potential”, "will", "should", "could", "would" or "may" and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management's current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy (“DOE”) nuclear fuel manufacturing submission and the development of new or advanced technology, including difficulties with design and testing, cost overruns, development of competitive technology, (ii) our ability to obtain contracts and funding to be able to continue operations, (iii) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor technology, (iv) risks related to the impact of government regulation and policies including by the DOE and the U.S. Nuclear Regulatory Commission, including those associated with the recently enacted ADVANCE Act, and (v) risks related to the collaborations such as the one with Blockfusion described herein, as well as similar risks and uncertainties associated with the business of a start-up business operating a highly regulated industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and the NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.
Attachment
FAQ
What is the purpose of the MOU between NANO Nuclear Energy (NNE) and Blockfusion?
How long is the collaboration period for the MOU between NANO Nuclear (NNE) and Blockfusion?
What are the key features of NANO Nuclear's (NNE) 'ZEUS' microreactor?
What potential applications does NANO Nuclear (NNE) envision for its microreactors?
