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NANO Nuclear, Enveniam Sign MOU to Explore US Nuclear Fuel, Microreactor Projects

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NANO Nuclear Energy (NNE) and Enveniam will explore a broad nuclear partnership under a non-binding memorandum of understand covering fuel, microreactors and energy infrastructure, NANO Nuclear said Friday.

The agreement will draw on Enveniam's nuclear engineering, safety, licensing, and project integration expertise to support NANO Nuclear's reactor, fuel fabrication, and transportation programs.

The companies will assess cooperation across six areas, including HALEU fuel transportation, uranium conversion and deconversion, and commercialization support for NANO Nuclear's KRONOS MMR Energy System and portable microreactors.

They will also examine advanced manufacturing and domestic fuel supply chains as part of efforts to strengthen nuclear production and support future reactor deployment.

The companies will also explore reliable power and process heat for data centers and remote users, including desalination and hybrid systems pairing microreactors with renewable generation, subject to feasibility, financing, and licensing.

NANO Nuclear and Enveniam plan to form a joint working group to review opportunities, identify projects for funded work, and pursue federal or state funding, while each company retains control of its own commitments.

"NANO Nuclear is building a vertically integrated platform spanning microreactors, nuclear fuel, and transportation, while Enveniam brings extensive experience integrating complex nuclear and energy programs," said Jay Yu, Founder and Chairman of NANO Nuclear Energy.

Price: $17.72, Change: $+0.07, Percent Change: +0.40%

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