April 20, 2023
NANO Nuclear Energy Signs Strategic Partnership Project Agreement with Idaho National Laboratory for an Expert Review Panel of its ZEUS Micro Reactor Design

NANO Nuclear Energy Inc. (“NANO Nuclear”), a Vertically Integrated DeepTech company emerging from the shared micro Small Modular Reactor (µSMR) and Advanced Nuclear Reactor (ANR) ambitions of a world class nuclear engineering team filled with leading nuclear experts in the field, working alongside business and industry professionals, possessing strong relationships with both government, and the private and public nuclear industries, is pleased to announce that it has signed a Strategic Partnership Project Agreement with Idaho National Laboratory (INL), which is managed by Battelle Energy Alliance for the U.S. Department of Energy (DOE).

INL will provide an expert design review panel of the NANO Nuclear Energy Inc. proprietary “ZEUS” portable and micro reactor design.

“This agreement is a big step forward in the development of our proprietary design,” said Jay Jiang Yu, NANO Nuclear Energy’s Founder, Chairman and President. “The scope of work we have received is detailed and thorough, and INL’s world-class expertise will allow NANO Nuclear to better position itself for long term growth as well as support further research and development of our proprietary reactor design and ambitions.”

Over a 6-month period, INL will review technical information from NANO on its reactor design, siting, fuel, and decommissioning strategy and will organize a Panel Review Workshop to discuss numerous areas of the design. This review panel will provide recommendations on the current design as well as outline a path forward for further design and collaboration between INL and the Company.

Following the review, INL subject matter experts will provide written feedback regarding design options, questions, or areas to explore.

The agreement follows NANO Nuclear leadership’s on-site tour of INL in late 2022. During the meetings and visit, NANO Nuclear Founder, Chairman & President Jay Jiang Yu, CEO & Head of Nuclear Reactor Development James Walker and Head of Nuclear Laboratories and Technologies Dr. Jeffrey Binder, respectively, were introduced to key INL leadership personnel and participated in an extensive tour of INL’s state of the art nuclear facilities.

“Having a facility like INL involved in the review and advancement of the ‘ZEUS’ micro reactor design is essential to achieving our milestones this coming year,” said James Walker, NANO Nuclear Energy’s CEO and Head of Nuclear Reactor Development“INL’s capabilities are unmatched and the importance of our access to their world class facilities and scientists cannot be understated. Looking forward, we will use the lessons learned from this project and review panel to better position NANO Nuclear for long term growth and optimizing the ‘ZEUS’ design.”

“I have a lot of experience working with the leadership of national laboratories, as well as their scientists and researchers, and I cannot be more enthused to continue working alongside them on this project,” said Dr. Jeffrey L. Binder, NANO Nuclear Energy’s Head of Nuclear Laboratory and Technologies. “NANO Nuclear has the potential to change the way the nuclear energy is utilized around the world and this collaboration will only further and expand on that potential.”

Additionally, NANO Nuclear has hailed the Fueling Our Nuclear Future Act, which seeks to establish a program to accelerate the availability of commercially produced high-assay, low-enriched uranium (HALEU) in the United States and make it available for use in advanced nuclear reactors.

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