NANO Nuclear Energy Announces KRONOS MMR as the New Tradename for its Recently Acquired Patented Micro Modular Reactor Energy System
NANO Nuclear Energy (NASDAQ: NNE) has rebranded its recently acquired Micro Modular Reactor (MMR®) Energy System as KRONOS MMR™. The system is a stationary small modular nuclear reactor designed to deliver carbon-free electricity and process heat, operating at power levels up to 45 MWt (15 MWe) with a compact footprint under 5 acres.
KRONOS MMR™ joins NANO Nuclear's existing portfolio of proprietary microreactor technologies, including 'ZEUS', 'ODIN', and the Pylon reactor. The system can utilize both low-enriched uranium (LEU) or high-assay low-enriched uranium (HALEU) and is specifically designed to serve high-energy demand markets such as data centers, AI facilities, and manufacturing operations.
The technology was previously developed at Canadian Nuclear Laboratories in collaboration with Ontario Power Generation and the University of Illinois. It holds the distinction of being the first small modular reactor to enter formal licensing review with the Canadian Nuclear Safety Commission. Pending Canadian governmental approvals, further demonstrations are planned at Chalk River Laboratories as part of the Global First Power initiative.
NANO Nuclear Energy (NASDAQ: NNE) ha ribrandizzato il suo recentemente acquisito Sistema Energetico Micro Modular Reactor (MMR®) con il nome di KRONOS MMR™. Il sistema è un reattore nucleare modulare stazionario di piccole dimensioni progettato per fornire elettricità priva di carbonio e calore di processo, operando a livelli di potenza fino a 45 MWt (15 MWe) con una superficie compatta di meno di 5 acri.
KRONOS MMR™ si unisce al portafoglio esistente di tecnologie microreattore proprietarie di NANO Nuclear, tra cui 'ZEUS', 'ODIN' e il reattore Pylon. Il sistema può utilizzare sia uranio a bassa arricchimento (LEU) che uranio ad alto contenuto arricchito a bassa concentrazione (HALEU) ed è specificamente progettato per servire mercati ad alta domanda energetica come centri dati, strutture per intelligenza artificiale e operazioni di produzione.
La tecnologia è stata precedentemente sviluppata presso i Canadian Nuclear Laboratories in collaborazione con Ontario Power Generation e l'Università dell'Illinois. Ha l'onore di essere il primo reattore modulare di piccole dimensioni a entrare nella revisione formale delle licenze con la Commissione Canadese per la Sicurezza Nucleare. In attesa delle approvazioni governative canadesi, sono previsti ulteriori dimostrazioni presso i Chalk River Laboratories come parte dell'iniziativa Global First Power.
NANO Nuclear Energy (NASDAQ: NNE) ha rebranded su sistema de reactor modular micro nuclear (MMR®) recientemente adquirido como KRONOS MMR™. El sistema es un reactor nuclear modular estacionario diseñado para proporcionar electricidad libre de carbono y calor de proceso, operando a niveles de potencia de hasta 45 MWt (15 MWe) con una huella compacta de menos de 5 acres.
KRONOS MMR™ se une al portafolio existente de tecnologías de microreactores propietarias de NANO Nuclear, que incluye 'ZEUS', 'ODIN' y el reactor Pylon. El sistema puede utilizar tanto uranio levemente enriquecido (LEU) como uranio de bajo enriquecimiento de alta ley (HALEU), y está diseñado específicamente para atender mercados de alta demanda energética como centros de datos, instalaciones de IA y operaciones de manufactura.
La tecnología fue desarrollada previamente en los Laboratorios Nucleares Canadienses en colaboración con Ontario Power Generation y la Universidad de Illinois. Tiene el distintivo de ser el primer reactor modular pequeño en entrar en revisión de licencias formal con la Comisión Canadiense de Seguridad Nuclear. A la espera de aprobaciones gubernamentales canadienses, se planifican más demostraciones en los Laboratorios de Chalk River como parte de la iniciativa Global First Power.
NANO Nuclear Energy (NASDAQ: NNE)는 최근 인수한 마이크로 모듈식 원자로(MMR®) 에너지 시스템을 KRONOS MMR™로 브랜드를 변경했습니다. 이 시스템은 45 MWt(15 MWe)까지의 전력 수준으로 작동하며, 5에이커 미만의 소형 면적으로 탄소 없는 전기와 공정 열을 제공하도록 설계된 고정식 소형 모듈형 원자로입니다.
KRONOS MMR™는 NANO Nuclear의 기존 독점 마이크로 리액터 기술 포트폴리오에 'ZEUS', 'ODIN', Pylon 리액터가 포함되어 있습니다. 이 시스템은 낮은 농축 우라늄(LEU) 또는 고농축 저농축 우라늄(HALEU)을 사용할 수 있으며, 데이터 센터, AI 시설 및 제조 작업과 같은 에너지 수요가 높은 시장을 위해 특별히 설계되었습니다.
이 기술은 이전에 온타리오 전력 생성과 일리노이 대학교와 협력하여 캐나다 원자력 연구소에서 개발되었습니다. 이 시스템은 캐나다 원자력 안전 위원회와의 공식 라이선스 검토를 첫 번째로 통과한 소형 모듈 원자로로 구별됩니다. 캐나다 정부의 승인 대기 중, Chalk River Laboratories에서 Global First Power 이니셔티브의 일환으로 추가 시연이 계획되어 있습니다.
NANO Nuclear Energy (NASDAQ: NNE) a rebrandé son système d'énergie de Micro Modular Reactor (MMR®) récemment acquis en KRONOS MMR™. Ce système est un réacteur nucléaire modulaire stationnaire, conçu pour fournir de l'électricité sans carbone et de la chaleur de processus, fonctionnant à des niveaux de puissance allant jusqu'à 45 MWt (15 MWe) avec une empreinte compacte de moins de 5 acres.
KRONOS MMR™ rejoint le portefeuille existant de technologies de microréacteurs propriétaires de NANO Nuclear, y compris 'ZEUS', 'ODIN' et le réacteur Pylon. Le système peut utiliser de l'uranium faiblement enrichi (LEU) ou de l'uranium faiblement enrichi à haute concentration (HALEU) et est spécifiquement conçu pour servir des marchés à forte demande énergétique comme les centres de données, les installations d'IA et les opérations de fabrication.
La technologie a été développée auparavant aux Canadian Nuclear Laboratories en collaboration avec Ontario Power Generation et l'Université de l'Illinois. Elle a la distinction d'être le premier petit réacteur modulaire à entrer dans un examen de licence formel avec la Commission canadienne de sécurité nucléaire. En attente des approbations gouvernementales canadiennes, d'autres démonstrations sont prévues aux Chalk River Laboratories dans le cadre de l'initiative Global First Power.
NANO Nuclear Energy (NASDAQ: NNE) hat sein kürzlich erworbenes Micro Modular Reactor (MMR®) Energie-System umbenannt in KRONOS MMR™. Das System ist ein stationärer kleiner modularer Reaktor, der dafür konzipiert ist, kohlenstofffreien Strom und Prozesswärme zu liefern und bei Leistungsstufen von bis zu 45 MWt (15 MWe) mit einer kompakten Fläche von weniger als 5 Acres zu arbeiten.
KRONOS MMR™ ergänzt das bestehende Portfolio von NANO Nuclear mit proprietären Mikroreaktortechnologien, einschließlich 'ZEUS', 'ODIN' und dem Pylon-Reaktor. Das System kann sowohl mit niedrig angereichertem Uran (LEU) als auch mit hochgradig niedrig angereichertem Uran (HALEU) betrieben werden und ist speziell zur Bedienung von Märkten mit hohem Energiebedarf wie Rechenzentren, KI-Anlagen und Fertigungsbetrieben konzipiert.
Die Technologie wurde zuvor in Zusammenarbeit mit Ontario Power Generation und der University of Illinois in den Canadian Nuclear Laboratories entwickelt. Sie hat die Auszeichnung, der erste kleine modulare Reaktor zu sein, der in die formelle Lizenzprüfung bei der kanadischen Kommission für nukleare Sicherheit eingeht. In Erwartung der Genehmigungen der kanadischen Regierung sind weitere Demonstrationen im Chalk River Laboratories im Rahmen der Global First Power-Initiative geplant.
- First small modular reactor to enter formal licensing review with Canadian Nuclear Safety Commission
- Advanced development stage reduces deployment timeline and development costs
- Compact footprint of less than 5 acres with flexible power output up to 45 MWt
- Expands market reach into high-energy demand sectors (data centers, AI, manufacturing)
- Acquisition still pending Canadian governmental approvals
- Multiple regulatory approvals still required in both Canada and US
Insights
The rebranding of the acquired MMR system to KRONOS MMR represents a strategic technological advancement for NANO Nuclear Energy. The system's 15 MWe output capacity and flexible fuel options (LEU/HALEU) position it perfectly for the rapidly growing data center and AI computing markets. The reactor's compact 5-acre footprint and 45 MWt thermal output make it particularly suitable for industrial applications requiring both electricity and process heat.
The technology's maturity is evident from its status as the first SMR to enter formal licensing review with the Canadian Nuclear Safety Commission. The existing demonstration plans at Canadian Nuclear Laboratories and the University of Illinois at Urbana-Champaign provide important validation pathways. The dual-track licensing approach in both Canada and the US significantly enhances commercial deployment potential.
This acquisition strategically positions NANO Nuclear in the high-growth data center and AI infrastructure market. With data centers consuming approximately 1-2% of global electricity and AI computing demands rising exponentially, KRONOS MMR's 15 MWe capacity aligns perfectly with the power requirements of medium-sized data centers. The system's ability to provide both electricity and process heat creates additional revenue streams through cogeneration applications.
The advanced stage of regulatory review significantly reduces time-to-market compared to developing new reactor designs from scratch, potentially giving NANO Nuclear a first-mover advantage in the commercial SMR space. This could translate into substantial market share in the estimated
The KRONOS MMR acquisition represents a significant value accelerator for NANO Nuclear. By acquiring a mature technology that's already in regulatory review, the company potentially saves 5-7 years of development time and hundreds of millions in R&D costs. The existing partnerships with Canadian Nuclear Laboratories and academic institutions provide valuable intellectual capital and testing infrastructure without requiring substantial capital investment.
The focus on data centers and AI applications targets high-margin customers with predictable, long-term energy demands, suggesting strong potential for recurring revenue streams. The company's multi-reactor portfolio strategy, now including ZEUS, ODIN, Pylon and KRONOS MMR, diversifies technological risk while maintaining focus on the growing clean energy market.
New York, N.Y., Jan. 14, 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 the rebranding of its recently acquired, patented Micro Modular Reactor (MMR®) Energy System, which will now be known as KRONOS MMR™.
Figure 1 - NANO Nuclear Energy Designates its Newly Acquired and Patented Energy System as KRONOS MMRTM
Designed as a stationary small modular nuclear reactor capable of delivering carbon-free electricity and high-quality process heat for co-located industrial applications and high-efficiency hydrogen production, KRONOS MMR™ complements NANO Nuclear’s proprietary microreactor technologies, ‘ZEUS’ and 'ODIN' as well as the recently acquired Pylon reactor, each currently under development. With a compact footprint of less than 5 acres, KRONOS MMR™ is designed to operate flexibly at power levels ranging up to 45 MWt (15 MWe) and can utilize either low-enriched uranium (LEU) or high-assay low-enriched uranium (HALEU).
The acquisition of KRONOS MMR™ specifically will enable NANO Nuclear to serve a broader range of growing markets that have high energy demands, including large-scale data and artificial intelligence centers and other energy-intensive operations in manufacturing and infrastructure.
Figure 2 – Rendering of NANO Nuclear Energy’s Newly Acquired Patented KRONOS MMRTM Energy System.
“NANO Nuclear is pleased to announce the rebranding of the KRONOS MMR™ Energy System following its acquisition from Ultra Safe Nuclear,” said Jay Yu, Founder and Chairman of NANO Nuclear Energy. “This technology has undergone extensive development at the Canadian Nuclear Laboratories in collaboration with Ontario Power Generation, as well as at the University of Illinois at Urbana-Champaign. It was also the first small modular reactor to enter the formal licensing review phase with the Canadian Nuclear Safety Commission, reflecting its progress in design and development. We are committed to continuing this technology’s journey toward regulatory licensing and ultimately commercialization and supporting all ongoing demonstration and regulatory efforts.”
Pending Canadian governmental approvals of the acquisition, further demonstrations of the KRONOS MMR™ are expected to take place at the Canadian Nuclear Laboratories (CNL). Prior to its acquisition, the MMR® was chosen by the CNL to be sited at Chalk River Laboratories as part of the Global First Power (GFP) initiative, which aims to construct and operate Canada’s first microreactor. KRONOS MMR™ is the first small modular reactor to enter the Canadian Nuclear Safety Commission’s formal licensing review.
NANO Nuclear plans to extend an existing KRONOS MMR™ collaboration with the University of Illinois at Urbana-Champaign with the aim of demonstrating the reactor’s high technology readiness level at the University. In parallel, NANO Nuclear will continue the MMR® licensing process with the U.S. Nuclear Regulatory Commission. Furthermore, NANO Nuclear plans to explore additional strategic collaborations and complementary agreements to support the efficient advancement of the technology. These efforts are aligned with NANO Nuclear's broader mission to deliver innovative, reliable, and carbon-free nuclear energy solutions to meet the needs of modern industries and communities.
“The integration of the KRONOS MMR™ energy system into our portfolio enhances our ability to address critical market demands, including the growing energy requirements for data centers and artificial intelligence applications,” said James Walker, Chief Executive Officer and Head of Reactor Development of NANO Nuclear Energy. “Its acquisition aligns with our strategy of securing pivotal technologies that strengthen our position in the advanced nuclear technology sector. With its advanced stage of development, KRONOS MMR™ enables us to significantly accelerate our deployment timeline while avoiding substantial development costs. Additionally, it enhances the robustness of our offerings, allowing us to deliver more tailored and efficient energy solutions to industries currently dependent on polluting and inefficient energy sources. By integrating this cutting-edge system into our portfolio, we believe we will be better equipped to address the particular energy needs of customers across sectors such as data centers, artificial intelligence applications, and remote industrial operations, all while supporting the transition to cleaner, more sustainable energy alternatives.”
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 five business lines: (i) cutting edge portable and other microreactor technologies, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) 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 reactor products in development include “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. NANO Nuclear is also developing patented stationary KRONOS MMR™ Energy System and space focused Pylon Transportable Reactor Platform.
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.
NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear’s developing micronuclear reactor technology in space. NNS is focusing on applications such as the Pylon transportable reactor system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS’ initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon's surface.
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Cautionary Note Regarding Forward Looking Statements
This news release and statements of NANO Nuclear’s management in connection with this news release 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 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. In this press release, forward-looking statements include, without limitation, NANO Nuclear’s future plans for KRONOS MMR and the potential for future regulatory approvals. 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”) or related state nuclear fuel licensing submissions, (ii) risks related the development of new or advanced technology and the acquisition of complimentary technology or businesses, including difficulties with design and testing, cost overruns, regulatory delays, integration issues and the development of competitive technology, (iii) our ability to obtain contracts and funding to be able to continue operations, (iv) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor or other technology in the timelines we anticipate, if ever, (v) risks related to the impact of U.S. and non-U.S. government regulation, policies and licensing requirements, including by the DOE and the U.S. Nuclear Regulatory Commission, including those associated with the recently enacted ADVANCE Act, and (vi) similar risks and uncertainties associated with the operating an early stage business a highly regulated and rapidly evolving 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 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.
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