Latest news with #microreactors
Globe and Mail
24-07-2025
- Business
- Globe and Mail
NANO Nuclear Joins the Canadian Nuclear Association to Support the Adoption of Next-Generation Advanced Nuclear Energy Technologies in Canada
New York, New York--(Newsfile Corp. - July 24, 2025) - 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 that it has joined the Canadian Nuclear Association (CNA), the leading Canadian nuclear industry advocacy group since 1960. According to the CNA, every year in Canada, nuclear technology helps avoid 80 million tons of carbon dioxide emissions by displacing fossil fuels and supplies 50% of the global supply of cobalt-60, radioisotopes that are used to treat cancer and sterilize medical equipment, among other things. With the introduction of next-generation technologies in the form of small or micro nuclear reactors, like those being developed by NANO Nuclear, there is a significant opportunity for Canada to solidify a leading position in the global nuclear industry. "We're pleased to welcome NANO Nuclear Energy to the Canadian Nuclear Association. Their focus on advanced microreactor technologies aligns with Canada's growing leadership in innovative and scalable nuclear solutions. We look forward to supporting their engagement in the Canadian nuclear industry and working together to advance non-emitting, reliable, and secure energy for the future", said George Christidis, CEO and President Canadian Nuclear Association. Figure 1 - NANO Nuclear Energy Inc. Joins the Canadian Nuclear Association (CNA) and its Mission to Support the Development of Nuclear Energy Technologies in Canada, including Advanced Nuclear Energy Technologies. To view an enhanced version of this graphic, please visit: "We are proud to join the Canadian Nuclear Association and support its work to highlight the environmental, economic, and other benefits that nuclear technology brings to Canadians," said Jay Yu, Founder and Chairman of NANO Nuclear."Canada has shown strong commitment to advanced nuclear energy systems and is taking concrete steps toward deploying next-generation reactors like our KRONOS MMR TM, which are actively seeking to develop in Canada. This is an opportune time for NANO Nuclear to focus on our efforts to establish ourselves as the first North American commercially licensed microreactor technology company, and joining the CNA positions us to contribute to, and grow with, Canada's evolving energy landscape." NANO Nuclear has begun to lay the groundwork for site-specific engineering in preparation for bringing its lead microreactor project, the patented KRONOS MMR™ Energy System, to Canada and guiding it toward construction, testing and licensing. Alongside its U.S. progress, NANO Nuclear aims to renew its collaboration with Canadian Nuclear Laboratories and pursue the establishment of a KRONOS MMR™ demonstration site at Chalk River, Ontario, one of the leading hubs for nuclear energy expertise and engineering in Canada. NANO Nuclear further aims to foster technical leadership through strategic business relationships, and its membership in the CNA will enable NANO Nuclear to better position itself to support Canada's transition to the next generation of advanced nuclear energy systems. "The Canadian Nuclear Association is a leading voice in the nation's nuclear sector, and we're pleased to join the CNA and take an active role in advancing next generation technologies in Canada," said James Walker, Chief Executive Officer of NANO Nuclear."Strengthening ties with key policymakers and industry decision-makers is central to our goal of establishing NANO Nuclear as a global leader in advanced nuclear technology, including micro nuclear reactors. Our membership in the CNA broadens our insight into the Canadian market and positions us for next steps in the country, including establishing a demonstration site for the KRONOS MMR™ in Chalk River, Ontario, in conjunction with the Canadian Nuclear Laboratories and the Canadian Nuclear Safety Commission." 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 patented KRONOS MMR ™ Energy System, a stationary high-temperature gas-cooled reactor that is in construction permit pre-application engagement U.S. Nuclear Regulatory Commission (NRC) in collaboration with University of Illinois Urbana-Champaign (U. of I.), " ZEUS", a solid core battery reactor, and " ODIN", a low-pressure coolant reactor, and the space focused, portable LOKI MMR ™, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors. 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 LOKI MMR ™ 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. For more corporate information please visit: For further NANO Nuclear information, please contact: Email: IR@ Business Tel: (212) 634-9206 PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE: NANO Nuclear Energy LINKEDIN NANO Nuclear Energy YOUTUBE NANO Nuclear Energy X PLATFORM 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 relate to the anticipated benefits to NANO Nuclear of its joining the CNA, as well as the Company's development plans for the KRONOS MMR TM in Canada. These and other 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 or non-U.S. nuclear 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 the May 23, 2025 Executive Orders seeking to streamline nuclear regulation, 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 and at 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.
Gizmodo
12-07-2025
- Science
- Gizmodo
The U.S. Is Testing Tiny Nuclear Reactors That Can Go Practically Anywhere
In contrast to other technological advances, the objective for next-generation nuclear reactors seems to be to scale down, not up—an initiative backed by the Department of Energy (DOE). Earlier this month, the DOE announced a conditional agreement made with private firms Westinghouse and Radiant to conduct the first reactor tests at its Demonstration on Microreactor Experiment (DOME) facility, located at Idaho National Laboratory. These experiments, featuring two trailer-sized microreactors, will be 'the first of their kind in the world' and will assist in meeting 'the nation's demand for more abundant, affordable, and reliable power,' the DOE stated in a press release. The microreactors eVinci (Westinghouse) and Kaleidos (Radiant) each produce only 5 megawatts and 1.2 megawatts of power. The DOE defines microreactors as small reactors that generate between 1 and 50 megawatts of power. That's tiny compared to traditional reactors, which are capable of generating around 833 times the power of Kaleidos. That being said, these microreactors aren't meant to power crowded cities. Rather, the compact efficiency of microreactors could greatly benefit small, remote sites that run on less efficient sources. The average U.S. household consumes about 30 kilowatt-hours, or 0.03 megawatts worth of electricity daily—meaning, in theory, Kaleidos on its own could supply many homes in a distant rural area. Not only that, these microreactors are relatively easy to assemble and transportable by train, truck, or plane. That makes them potentially useful in unexpected situations such as blackouts caused by natural disasters or cyberattacks. For eVinci and Kaleidos in particular, the DOE's intention is to employ the microreactors as a possible power source for remote data centers and an alternative to diesel generators, respectively. 'Microreactors will play a big role in expanding the use of nuclear power in the United States,' added Mike Goff, the Acting Assistant Secretary for Nuclear Energy, in the same release. 'These DOME experiments will test new reactor designs that will be counted on in the future to reliably power our homes, military bases, and mission-critical infrastructure.' The first fueled experiments at DOME are slated to begin as early as spring 2026, operating for up to six months to test technological ability and efficiency.
Associated Press
01-07-2025
- Business
- Associated Press
Tam Fortis Launches Initiative to Develop World's Smallest Portable Nuclear Reactors, Directly Responding to New Executive Orders
Microreactors and Mini Modular Power Cells set to revolutionize portable power for defense, mining, and robotics. LOS ANGELES, June 30, 2025 /PRNewswire/ -- Tam Fortis Solutions today announced its mission to develop the world's smallest portable nuclear reactors, delivering safe, clean energy from 15 W to 40 kW for remote and autonomous applications. This initiative directly responds to President Trump's May 23, 2025, executive orders, which prioritize advanced nuclear technologies for national security and energy independence—making this launch exceptionally timely. The orders urgently call for: 'Advanced nuclear … Generation III+ reactors, small modular reactors, microreactors, and stationary and mobile reactors that have the potential to deliver resilient, secure, and reliable power to critical defense facilities and other mission capability resources.' Tam Fortis is developing two flagship products to meet this vision: Both products will feature inherently safe designs, leveraging advanced fuel configurations and thermal conversion technologies to achieve unprecedented portability. Beyond-state-of-the-art AI ensures fault-tolerant, autonomous operations in remote, high-stakes environments. Innovation That Redefines Mobile Power Tam Fortis's Microreactor will power forward operating bases, disaster response efforts, and U.S. rare-earth mining operations, enabling 24/7 clean energy where grids and diesel cannot reach. The Mini Modular Power Cell will support autonomous robotics and sensors in defense and industrial applications. CEO Allan Grosvenor, aerospace hypersonics and AI pioneer, says: 'The Department of Defense has identified urgent requirements for portable nuclear power in remote operations. Our solutions not only meet these needs but also have compelling dual-use applications for industrial and consumer markets, promising massive business growth beyond initial DoD contracts.' Prince 'Stash' Klossowski de Rola, Tam Fortis's Chief Visionary and a proven innovator with more than 50 years of turning bold ideas into culture-shaping ventures, adds: 'Our company is pioneering a new frontier in energy. These portable nuclear reactors, the first of their kind, directly address the urgent needs outlined in the recent executive orders. We're not just responding to a mandate; we're leading a revolution in safe, mobile power.' A Microreactor Innovation 'Dream Team' Tam Fortis has assembled a veritable 'dream team' advisory board: Powering the Future Tam Fortis invites investors and partners from the DoD, DOE, and private sector to join us in shaping the future of portable energy. Contact us at [email protected] or visit About Tam Fortis Solutions: Pioneering safe, AI-driven nuclear energy, Tam Fortis is developing the world's smallest portable reactors to meet tomorrow's challenges. Media Contact: Allan Grosvenor, CEO – [email protected] View original content to download multimedia: SOURCE Tam Fortis Solutions
Forbes
30-06-2025
- Business
- Forbes
Nuclear Regulatory Commission Advances New Microreactor Policies
Engineer in a nuclear fusion reactor research factory. The U.S. Nuclear Regulatory Commission announced it is moving forward to advance new uses of factory-built microreactors by accepting three policies recommended by staff. Microreactors are small modular reactors that would generate nuclear energy for particular uses such as to create a power supply for a company or generate energy an isolated community. This use of nuclear energy could also be provide emergency power reserves. This unique application of nuclear energy would serve non-conventional nuclear markets and differ from an electric utility providing nuclear power among its energy mix for its customer base. The NRC revealed this key development in a short June 18 public notice called 'NRC Advances Factory-Built Microreactor Policy.' The agency briefly described its three new federal policies. 'These very small reactors could be built, loaded with fuel, and tested at factories before being shipped to operating sites, and would generate about 1% or less of the power of a current large reactor,' NRC stated. Microreactor characteristics. The new NRC policies are: Furthermore, the NRC also directed its staff 'to continue other microreactor-related activities, such as engaging with' the U.S. Department of Energy as well as the U.S. Department Defense 'to build and operate microreactors on DOE/DOD sites or as part of critical national security infrastructure.' The NRC announcement referred to a June 17 memo from Dr. Mirela Gavrilas, NRC executive director for operations, to Tomas Herrera, acting NRC secretary. The memo stated NRC staff should explore additional recommendations by stakeholders, such as using existing National Oceanic and Atmospheric Administration and National Weather Service meteorology and weather information to support analyses and design bases. 'The staff should ensure that it is clear that when features to preclude criticality are inserted to support transportation after completion of operational testing or at the end of the operating cycle, the license for the reactor does not authorize operation at power,' the memo recommended. In addition, NRC staff should plan proactively develop a comprehensive regulatory framework and microreactor manufacturers licensing options that combine the activities of a microreactor applicant (for factory fabrication, operational testing, fuel loading and microreactor transportation) in a single federal license. 'Such a framework could clarify the appropriate use of using license conditions or technical specifications to address unique technical considerations such as the need for features to preclude criticality while the microreactor is in transit,' the memo added. Key features of microreactors. The DOE has a Microreactor Program to examine new technologies to create, test and deploy very small, transportable reactors to provide decentralized energy and heat for civilian, industrial and defense uses. DOE is looking into different type of microreactor reactor designs—such as gas, heat-pipe-cooled, liquid-metal and molten-salt. Microreactor would be able to operate for up to a decade or even longer. Another feature they would offer is the ability to be used and sent quickly as emergency power supplies. The MARVEL microreactor. The DOE's Microreactor Program is being spearheaded by its Idaho Falls-based Idaho National Laboratory. In February, INL hailed reaching a milestone with the Battelle Energy Alliance to start developing a primary coolant system for a MARVEL (Microreactor Applications Research Validation and Evaluation Project) microreactor. The MARVEL is a sodium-potassium-cooled reactor designed to produce 85 kilowatts of thermal energy. 'It will be one of the lab's first new reactors in nearly 50 years,' INL says. 'MARVEL will help developers demonstrate microreactor applications and evaluate systems for new microreactor technologies. The primary coolant system manages the heat produced in the reactor core and will be the most complex fabrication of the MARVEL project.'
Yahoo
28-06-2025
- Business
- Yahoo
Should You Buy Oklo Stock for July 2025?
In Alaska's frozen frontier, power is not optional, but critical for survival. At Eielson Air Force Base, where resilience is mission-critical, nuclear energy is emerging as the dependable, clean solution, immune to fuel disruptions and extreme weather conditions. As the U.S. military explores energy solutions fit for the 21st century, nuclear microreactors are fast becoming a key strategic asset. And that's exactly where Oklo (OKLO) steps in. The California-based startup now stands at the edge of its biggest breakthrough yet. The company was recently issued a Notice of Intent to Award (NOITA) by the Defense Logistics Agency Energy (DLA Energy), on behalf of the Department of the Air Force (DAF) and the U.S. Department of Defense. Dear Nvidia Stock Fans, Watch This Event Today Closely Can Broadcom Stock Hit $400 in 2025? A $2 Billion Reason to Sell Super Micro Computer Stock Now Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. The potential deal would see Oklo deploy a 5 MW Aurora microreactor at Alaska's Eielson Air Force Base. That's tiny compared to traditional reactors, but purpose-built for isolated operations. If finalized, Oklo would design, own, and operate a pilot reactor delivering both electricity and heat to the base. The stock jumped on the news, but with regulatory hurdles still in play, should investors bet on the nuclear stock now? Founded in 2013 by MIT grads Jacob DeWitte and Caroline Cochran, Oklo (OKLO) builds compact, fast reactors designed for rapid deployment. It aims to make nuclear energy scalable, flexible, and fit for the modern grid. Its market cap stands at $8.5 billion. Since going public, shares of the nuclear energy firm have surged 452%, up a whopping 490% over the past 52 weeks. In May alone, OKLO rose over 120%, fueled by pro-nuclear executive orders, global momentum around clean atomic energy, and Oklo's better-than-expected Q1 results. Shares are up 13.7% in the past month powered by an upbeat analyst outlook and a new military contract, which pushed the stock higher by 30% on June 11. That renewed confidence sent investors scrambling, pushing Oklo's shares to an all-time high of $73.55 on June 16. Oklo's first-quarter results on May 13 gave investors something to cheer about, with shares jumping over 15% the next day, signaling progress beneath the surface. The nuclear startup, still pre-revenue, posted a net loss of $0.07 per share, narrowing its deficit from a year ago and beating analysts' expectations of a $0.11-per-share loss. Yet operating losses widened to $17.9 million, driven by a sharp rise in R&D costs, which more than doubled to $7.8 million, and general and administrative expenses, which climbed to $10 million. Plus, the company burned $12.6 million in free cash flow, used $12.2 million in cash for operating activities, and ended the quarter with a cash reserve of $260.7 million. Looking ahead, management expects the total 2025 operational spend to be between $65 million and $80 million. Meanwhile, eyes remain on the company's first Aurora microreactor, which targets a launch at the Idaho National Laboratory by late 2027 or early 2028, pushing Oklo steadily toward commercialization. Analysts monitoring Oklo predict the company's losses to shrink to $0.46 per share in 2025. Oklo's selection for Alaska's Eielson AFB project marks a turning point in its quest to commercialize small modular nuclear reactors. This is not the company's first military rodeo - an earlier agreement in 2023 was withdrawn after initial plans to build a reactor at Eielson fell apart. But now, the Department of Defense has circled back with renewed confidence, issuing a NOITA that names Oklo as the preferred provider following a competitive process. Under the deal, Oklo will deploy its off-grid Aurora microreactor at Eielson, advancing the Air Force's push for energy-resilient, mission-critical infrastructure. As Washington pushes to triple nuclear capacity by 2050, and President Donald Trump's latest executive order accelerates deployment timelines, nuclear energy is being recast as essential infrastructure. Big Tech and AI hyperscalers, like Meta (META) and Amazon (AMZN), are already locking in long-term nuclear energy deals to meet soaring energy demands. Oklo, with its compact, off-grid Aurora microreactor, is built for this moment - ready to serve both military and commercial power needs. Wall Street remains upbeat about OKLO's potential, with a consensus rating of 'Moderate Buy.' Of the nine analysts covering the stock, five recommend a 'Strong Buy,' one advises a 'Moderate Buy,' and the remaining three analysts are playing it safe with a 'Hold' rating. Its average price target of $60.28 implies 9% upside potential, and the Street-high target of $75 suggests a surge of 36% from current levels. Oklo's military nod adds serious momentum, but the road ahead remains uncertain. With no Nuclear Regulatory Commission (NRC) approval, zero revenue, and unproven technology, the 2028 launch goal for the Aurora reactor plant seems ambitious, especially when even approved peers like NuScale Power (SMR) aim for 2030. For now, Oklo offers potential wrapped in promise, not proof. So, investors should tread carefully - this is high-stakes, high-risk nuclear speculation. On the date of publication, Sristi Suman Jayaswal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. 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