NANO Nuclear Energy Inc., a major advanced nuclear micro modular reactor and technology company focused on developing clean energy solutions, has signed a Memorandum of Understanding (MOU) with the Board of Trustees of the University of Illinois on behalf of the University of Illinois Urbana-Champaign (U. of I.).
The MOU sets forth the next steps for the design, construction, ownership and ultimate operation of a KRONOS MMR™ on the U. of I. campus.
The primary goal of the project is the safe, efficient, and responsible deployment of the KRONOS MMR™ microreactor at U. of I, which aligns with Illinois’ long-term energy strategy and supports the carbon-reduction targets outlined in the state’s Climate and Equitable Jobs Act (known as the CEJA).
As part of the project, U. of I. will continue its support of regulatory and permitting engagements with the U.S. Nuclear Regulatory Commission and the State of Illinois, contributing to enabling activities and coordination efforts as appropriate, while engaging with the U.S. Department of Energy regarding fuel availability and procurement options for the KRONOS MMR™.