NANO Nuclear will participate in quarterly meetings and other government-sponsored activities to support the secure deployment and export of advanced nuclear energy technology to Southeast Asia.
NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading vertically integrated advanced nuclear technology company developing proprietary, portable, and clean energy solutions, today announced that it is one of just 16 civil nuclear entities joining the U.S. Civil Nuclear/SMR Industry Working Group (CNIWG) for Southeast Asia to support the deployment and export of U.S. small modular reactors (SMRs) and advanced nuclear technologies to Southeast Asia.
The CNIWG for Southeast Asia is an initiative established in partnership with the U.S. Department of Commerce’s International Trade Administration (ITA), the Foreign Commercial Service at U.S. Missions in Southeast Asia, and the Industry and Analysis (I&A) Office of Energy & Environmental Industries. It supports the objectives of ITA’s interagency SMR Public-Private Program (SMR PPP) to promote the deployment and export of U.S.-based advanced nuclear technologies, adhering to the highest standards of safety, security, and nonproliferation.
Figure 1 – NANO Nuclear Energy Inc. is one of just 16 civil nuclear entities participating in the U.S. Department of Commerce’s International Trade Administration’s U.S. Civil Nuclear/SMR Industry Working Group for Southeast Asia.
“Southeast Asia presents a very promising market for our advanced, portable microreactor power solutions in development,” said Jay Yu, Founder and Chairman of NANO Nuclear Energy. “The region’s geographical challenges often limit the expansion of traditional power grids, leading many communities to rely on diesel generators. NANO Nuclear’s involvement in this working group will allow us to gain deeper insights and adapt our proprietary microreactors to meet the specific needs of Southeast Asian communities as well as remote areas generally, which has always been a part of our strategy. We’re eager to contribute to the region’s transition to carbon-neutral, secure, and portable nuclear energy solutions.”
The working group will hold quarterly meetings to review key government activities, policies, and export opportunities for SMRs and advanced civil nuclear technologies. These sessions will feature targeted briefings and updates on projected energy demand in Southeast Asia, fostering knowledge sharing among industry experts and offering valuable insights into the region’s requirements. NANO Nuclear will also be notified regarding opportunities to participate in U.S. Government initiatives, including trade missions, industry roundtables, and workshops, subject to eligibility and specific program requirements.
“From the outset, we identified remote and island communities with limited access to traditional power grids as prime use cases for our microreactor designs,” said James Walker, Chief Executive Officer and Head of Reactor Development of NANO Nuclear Energy. “Our participation in this working group will be highly valuable for NANO Nuclear, allowing us to strengthen our relationships with government officials, businesses, and communities across Southeast Asia, particularly in the Philippines, as well as key U.S. officials. Our portable microreactor solutions have the potential to greatly enhance quality of life and industry in the region, and this collaboration will help us refine our solutions to meet Southeast Asia’s particular energy needs.”
Related Articles
NANO Nuclear Energy Appoints Veteran Investment & Merchant Banker Darlene T. DeRemer as Chairwoman of its Executive Advisory Board for Institutional Finance
$2 Million Investment and Strategic Collaboration Seeks to Advance LIST’s U.S. Origin and Patented Laser Uranium Enrichment TechnologyNANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading vertically integrated advanced nuclear technology...
NANO Nuclear Energy Announces Investment, Strategic Collaboration and Future Fuel Purchasing Agreement with LIS Technologies Inc., the Only U.S.-Origin and Patented Laser-Based Uranium Enrichment Company
$2 Million Investment and Strategic Collaboration Seeks to Advance LIST’s U.S. Origin and Patented Laser Uranium Enrichment TechnologyNANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading vertically integrated advanced nuclear energy and...