NANO Nuclear Energy Acquires New Headquarters Facility
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NANO Nuclear Energy Acquires Facility for Headquarters
14,000 sq. ft. Facility on 1.64-acres
Purchased for $1.71 Million
New York, N.Y. – NANO Nuclear Energy Inc. (NASDAQ: NNE), a vertically integrated advanced nuclear energy and technology company developing portable clean energy solutions, has announced the acquisition of a 1.64-acre land package in the historic Heritage Center Industrial Park. This acquisition includes a 14,000 sq. ft., 2-story building designated to house NANO Nuclear’s Nuclear Technology Headquarters.
This facility is strategically located for innovative nuclear technology research and development. It will act as the central hub for NANO Nuclear’s advanced nuclear technology design and engineering capabilities. The Nuclear Technology Headquarters is adjacent to the Oak Ridge National Laboratory and other renowned research centers. NANO Nuclear expects to increase personnel at the facility over the next year, aiming to ultimately employ up to 30 individuals.
“Our company is progressing towards our goal of bringing advanced portable micronuclear reactors and other technologies to the market,” said Jay Yu, Founder and Chairman of NANO Nuclear Energy. “Establishing our Nuclear Technology Headquarters is a critical milestone in this journey. We are proud to build our technology home where American nuclear innovation began.”
The $1.71 million property lies within the Heritage Center, a site of immense historical importance in the United States since World War II. Originally part of the Manhattan Project, the Heritage Center housed some of the world’s largest gaseous diffusion plants, which contributed significantly to the development of nuclear technologies.
“Oak Ridge holds a legendary place in the history of America’s nuclear innovation,” said James Walker, Chief Executive Officer and Head of Reactor Development of NANO Nuclear Energy. “We are committed to pushing the boundaries with our proprietary nuclear technologies and establishing our headquarters in this significant location is a vital step towards that innovation.”
About NANO Nuclear Technology
NANO Nuclear Energy Inc. (NASDAQ: NNE) specializes in advanced technology-driven nuclear energy solutions. The company aims to develop commercially viable, diversified, and integrated operations across four business lines: portable microreactor technology, nuclear fuel fabrication, nuclear fuel transportation, and industry consulting services.
NANO Nuclear is working on groundbreaking technologies like the “ZEUS,” a solid core battery reactor, and “ODIN,” a low-pressure coolant reactor, both representing significant advancements in clean energy solutions.
As part of its initiatives, NANO Nuclear also oversees Advanced Fuel Transportation Inc. (AFT), which focuses on building a North American transportation company for HALEU fuel supply, aiming to support small modular reactors and military applications.
For corporate information, please refer to their official website.
For further information, please contact:
Email: IR@NANONuclearEnergy.com
Business Tel: (212) 634-9206
Frequently Asked Questions
What is the purpose of the new facility acquired by NANO Nuclear Energy?
The facility will serve as the Nuclear Technology Headquarters, centralizing NANO Nuclear's advanced nuclear technology design and engineering capabilities.
How many employees does NANO Nuclear expect to have at the new facility?
NANO Nuclear plans to grow its personnel to up to 30 employees at the new location.
What is the historical significance of the Heritage Center?
The Heritage Center was a crucial site during the Manhattan Project, housing various operations that contributed to the development of nuclear technology.
What kind of technologies is NANO Nuclear developing?
NANO Nuclear is developing portable microreactor technology and a variety of advanced nuclear technologies aimed at clean energy solutions.
What is HALEU, and why is it important for NANO Nuclear?
HALEU stands for High-Assay, Low-Enriched Uranium, which is essential for the advanced reactor technologies that NANO Nuclear is focusing on, enhancing fuel performance and efficiency.
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