NANO Nuclear Energy

What NANO Nuclear Energy does

NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced-technology-driven nuclear energy company developing portable and stationary micro modular reactors. Its lead product, the patented KRONOS MMR Energy System, is a high-temperature gas-cooled microreactor using TRISO fuel and helium coolant technology in a Generation IV design, producing up to 45 MWth (approximately 15 MWe) per unit with 20-year operation without refueling. Complementary product lines include the ZEUS solid core battery reactor and the LOKI MMR portable reactor targeted at space and defense applications.

The company operates a vertically integrated business model spanning microreactor design, nuclear fuel fabrication (HALEU Energy Fuel subsidiary), nuclear fuel transportation (Advanced Fuel Transportation and the recently acquired Secured Transportation Services), nuclear applications for space (NANO Nuclear Space subsidiary), and nuclear industry consulting services. A pipeline of approximately 16 strategic MOUs and CRADAs targets AI data centers (Supermicro, Digihost, BaRupOn), military and defense, international markets (UAE, South Korea, Rwanda, Togo, Argentina), and university research partners (University of Illinois Urbana-Champaign).

Commercial deployment of the KRONOS MMR is targeted for around 2030, contingent on completion of the NRC Construction Permit Application review (formal acceptance received May 2026, expected completion 2027). The company is pre-revenue from microreactor operations but reported approximately $7.1 million in FY2025 revenue from the STS subsidiary. As of March 31, 2026, NANO Nuclear held approximately $569 million in cash, cash equivalents, and short-term investments, providing a multi-year operating runway despite ongoing pre-revenue losses.

Name

NANO Nuclear Energy

Legal name

NANO Nuclear Energy Inc.

Website

https://nanonuclearenergy.com

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

51–100 employees

Short description

NANO Nuclear Energy (NASDAQ: NNE) is a publicly listed nuclear technology company developing the KRONOS MMR high-temperature gas-cooled microreactor for AI data centers, defense, industrial, and international customers. Operations span reactor design, HALEU fuel fabrication, and nuclear materials transportation.

Ownership category

akta.pro rank

Product category

Advanced Nuclear Microreactors

NAICS

Nuclear Electric Power Generation (221113)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Gen IV / Advanced Reactor Systems (SFR, LFR, GFR, MSR, HTGR, Microreactors) (EUAKADAC)

akta.pro secondary industries

Fuel Fabrication (UO2 Fuel Pellets, Rods & Assemblies) (EUAKACAF), Fuel Cycle Chemical & Process Equipment (Cylinders, autoclaves, fluorination systems) (EUAKACAI), Nuclear Plant EPC & Construction (EUAEAAAC)

Keywords

• Advanced nuclear reactors
• Micro modular reactors
• Nuclear fuel transportation
• HALEU fuel fabrication
• Nuclear energy consulting

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Supply Chain

Revenue model

1. Microreactor Sales and Deployment: The company plans to generate revenue through direct sales and deployment of KRONOS, ZEUS, and LOKI MMR microreactors to customers including AI data centers, military bases, industrial facilities, and remote communities. Target commercial deployment around 2030 pending regulatory approvals.
2. Nuclear Fuel Transportation Services: Through acquired subsidiary Secured Transportation Services (STS), the company provides nuclear materials transportation services. STS generated approximately $7.1 million in revenue and $1.3 million in net income for FY2025. Services include HALEU transport, spent fuel logistics, and DOE/NNSA mission support.
3. Nuclear Fuel Fabrication: Through HALEU Energy Fuel Inc. subsidiary, the company is developing domestic source for HALEU fuel fabrication pipeline for own microreactors and broader advanced nuclear reactor industry.
4. Nuclear Industry Consulting: The company provides consulting services related to regulatory advice, site assessment, roadmap development, and stakeholder engagement for nuclear deployment projects.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

NANO Nuclear Energy develops stationary and portable micro modular reactors (KRONOS MMR, ZEUS, LOKI MMR) using high-temperature gas-cooled TRISO fuel technology, alongside nuclear fuel fabrication (HALEU Energy Fuel), nuclear fuel transportation services (Advanced Fuel Transportation and Secured Transportation Services), and nuclear industry consulting. The KRONOS MMR is the lead product, currently in NRC construction permit review for deployment at the University of Illinois Urbana-Champaign, targeting commercial deployment around 2030.

Product overview

NANO Nuclear Energy is an advanced technology-driven nuclear energy company with a diversified, vertically integrated business model spanning: (i) portable and stationary microreactor technologies (KRONOS MMR™, ZEUS™, LOKI MMR™), (ii) nuclear fuel fabrication (HALEU Energy Fuel Inc.), (iii) nuclear fuel transportation (Advanced Fuel Transportation Inc. and Secured Transportation Services LLC), (iv) nuclear applications for space (NANO Nuclear Space Inc.), and (v) nuclear industry consulting services. The core product is the patented KRONOS MMR™ Energy System, a stationary high-temperature gas-cooled microreactor currently in NRC construction permit review, supplemented by portable reactor designs ZEUS™ and LOKI MMR™ for space applications.

Differentiator

Problem solved

Functional benefit

Brands

• KRONOS MMR: Patented stationary high-temperature gas-cooled 15 MW microreactor energy system in NRC pre-application process for deployment at University of Illinois
• ZEUS
• LOKI MMR
• Advanced Fuel Transportation
• HALEU Energy Fuel
• Secured Transportation Services

Products and services

• KRONOS MMR Energy System Patented stationary high-temperature gas-cooled microreactor energy system designed to provide clean, reliable baseload power for data centers, industrial facilities, remote communities, mining projects, and military bases. Produces up to 45 MWth (approximately 15 MWe) in single-unit configuration with 20-year operation without refueling.
• ZEUS Solid Core Battery Reactor Solid core battery reactor design for long-duration stationary power generation with minimal maintenance requirements, representing an advanced development in clean energy microreactor technology.
• LOKI MMR Portable Microreactor Space-capable, portable micro modular reactor designed for extraterrestrial projects, human sustaining environments, remote terrestrial applications, and potentially propulsion technology for long haul space missions.
• Secured Transportation Services (STS) Nuclear Materials Transportation Specialized U.S.-based nuclear logistics, transportation, and services company providing safe, secure, compliant movement of radioactive and nuclear materials including HALEU transport, spent fuel logistics, and DOE/NNSA mission support. Generated approximately $7.1 million revenue in FY2025.
• Advanced Fuel Transportation (AFT) HALEU Fuel Logistics Subsidiary building a North American transportation company providing commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories.
• HALEU Energy Fuel (HEF) Fabrication Pipeline Subsidiary developing a domestic source for High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline serving NANO Nuclear's own microreactors as well as the broader advanced nuclear reactor industry.
• NANO Nuclear Space (NNS) Space Nuclear Applications Subsidiary exploring commercial applications of micronuclear reactor technology in space, focusing on ZEUS and LOKI MMR systems for extraterrestrial projects, human sustaining environments, and propulsion technology for long haul space missions.
• Annular Linear Induction Pump (ALIP) Technology Patent-pending proprietary pump technology for small nuclear reactor cooling, protected by nine patent applications including U.S. and international filings.
• Nuclear Industry Consulting Services Consulting services for nuclear deployment projects including regulatory advice, site assessment, roadmap development, and stakeholder engagement, provided to enterprise customers.

Quantifiable outcome

• KRONOS MMR capable of producing up to 45 MWth (approximately 15 MWe) in single-unit configuration or gigawatt-scale in multi-unit deployments
• +3 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

17 partnerships are on record, tiered minor, core and major.

• Rwanda (Dual Fluid Energy mentioned as potential partner)minorStrategic or Co-development Partner · 26 May 2026During Nuclear Energy Innovation Summit for Africa (NEISA) 2026, Rwanda pursued SMR partnerships with Canadian-German startup Dual Fluid Energy and US startup Nano Nuclear as part of strategy to source more than 60% of electricity from nuclear by 2050.
• Secured Transportation Services LLC (STS)coreTechnology or Integration · 22 May 2026Acquired for up to $13 million ($6M cash, $7M restricted shares). STS brings over 20 years nuclear transportation experience, approvals for 90%+ of NRC-approved spent fuel routes, generated $7.1M revenue and $1.3M net income in FY2025. Transaction closed May 22, 2026.
• Super Micro Computer (Supermicro)coreStrategic or Co-development Partner · 6 May 2026Non-binding MOU to explore integrating NANO Nuclear's KRONOS MMR microreactor systems with Supermicro's AI server and data center platforms. Collaboration targets the surging electricity demand from AI infrastructure, aiming to deploy dedicated on-site nuclear power for data centers. Non-binding agreement establishes framework for future joint deployments.
• EHC Investment LLCcoreStrategic or Co-development Partner · 24 February 2026Non-binding MOU to explore joint venture for deployment of KRONOS MMR system in the Gulf region. Abu Dhabi-based investment firm with prior experience in gas industry; discussions with UAE firm associated with National Security Adviser Sheikh Tahnoon Bin Zayed for potential investment.
• DS DansukcoreStrategic or Co-development Partner · 13 January 2026MOU to explore localization, manufacturing, and deployment of KRONOS MMR system in South Korea and broader Asia region. Aims to access South Korea's industrial base, regulatory institutions, and regional networks.
• BaRupOn LLCmajorStrategic or Co-development Partner · 24 November 2025Completed feasibility study evaluating 1 GW power deployment with KRONOS MMR system for BaRupOn's Liberty American Manufacturing Park (LAMP) in Texas. Study recommends staged deployment to reach desired gigawatt power needs; companies jointly advancing project toward licensing process.
• Global First Power Limited (GFPL)coreTechnology or Integration · 22 October 2025Acquired Global First Power Limited from Ultra Safe Nuclear Corporation affiliates to enhance microreactor development activities in North America. Enables advancement of KRONOS MMR licensing, construction, and deployment at projects in Canada and U.S.
• Idaho National Laboratory (INL)coreStrategic or Co-development Partner · 4 September 2025Ten-year CRADA to leverage INL's world-class capabilities and expertise through the National Reactor Innovation Center. Agreement enables NANO to access reactor design, materials qualification, siting, regulatory licensing, deployment, and decommissioning support for KRONOS MMR and LOKI MMR systems.
• UrAmerica Ltd.minorStrategic or Co-development Partner · 8 July 2025MOU to modernize and develop Argentina's nuclear fuel supply chain. Pursuing favorable uranium offtake agreements, potential investments in mineral production and fuel-cycle infrastructure, and future joint ventures or collaboration.
• AmerescomajorStrategic or Co-development Partner · 12 January 2025MOU to explore deployment of advanced microreactor technologies on federal and commercial sites. Ameresco is an energy efficiency and renewable energy company providing infrastructure upgrades for government facilities.
• Digihost Technology Inc.majorStrategic or Co-development Partner · 13 December 2024MOU to establish microreactor technology at Digihost's 60MW power plant in upstate New York. NANO providing consulting services for planning, regulatory advice, site assessment, roadmap development, and stakeholder engagement. Collaboration to transition existing gas infrastructure to nuclear.
• Government of the Togolese RepublicmajorStrategic or Co-development Partner · 5 December 2024MOU to advance development and deployment of nuclear reactors, fuel facilities, and nuclear material transportation within Togo. Focus on evaluating regional needs for energy systems supporting remote mines, industries, data centers, towns, hospitals, and desalination plants.
• Vert2Grow Energy SolutionsminorStrategic or Co-development Partner · 3 December 2024MOU to explore integration of NANO's portable microreactor technology with Vert2Grow's vertical farming solutions and Food Security Structures Canada technology. Target is delivering sustainable power and food production to remote communities worldwide.
• GNS Gesellschaft für Nuklear-Service mbHcoreTechnology or Integration · 1 September 2024Collaboration to develop proprietary HALEU fuel transportation system. Completed conceptual design milestones including optimized fuel payload baskets and preliminary transport package overpack design. Work performed under NRC Quality Assurance program; plans to pursue NRC certification under 10 CFR Part 71.
• Rwanda Atomic Energy Board (RAEB)majorStrategic or Co-development Partner · 15 August 2024MOU to develop robust nuclear energy ecosystem within Rwanda. NANO will support technical assistance, training, and educational programs. Collaboration with Cambridge Nuclear Energy Centre to strengthen Rwanda's educational programs for domestic nuclear industry.
• Centrus Energy Corp.coreTechnology or Integration · 1 July 2024MOU for HALEU supply from Centrus to HALEU Energy Fuel. Centrus providing HALEU to support research, development, commercialization efforts, fuel qualification, and test reactor cores. Also providing engineering, manufacturing, and consulting services for fabrication, deconversion, regulatory, licensing, and transportation.
• CURIO SolutionsminorStrategic or Co-development Partner · 1 July 2024MOU to collaborate on advanced nuclear fuel recycling. Curio is pioneer of NuCycle process which dramatically reduces nuclear waste. Opportunity to optimize Curio's recycling capabilities for NANO's next-generation portable microreactors.

Scale indicators8 records

Recent moves7 records

Expansion highlights7 records

Broad incumbents

• Westinghouse Electric Company: Incumbent nuclear reactor OEM developing AP300 SMR as a derivative of the AP1000. Established player with deep NRC licensing experience, global supply chain, and major utility customer relationships competing in adjacent SMR segment.

Others

• Centrus Energy: HALEU fuel supplier and NANO Nuclear partner. Strategic enabler rather than competitor — provides HALEU feedstock that NANO depends on, creating a vertical relationship in the nuclear fuel cycle.

Direct peers

• Rolls-Royce SMR: UK-based SMR developer pursuing 470 MWe small modular reactor. Competing internationally for the same data center and utility advanced reactor market with established Rolls-Royce engineering depth.
• NuScale Power: Public SMR developer (NYSE: SMR) pursuing NRC-licensed small modular reactors. Closest direct peer — also a publicly-traded advanced reactor company pursuing NRC licensing for modular nuclear designs, competing for the same hyperscaler and utility customer base.
• BWX Technologies (BWXT): Large nuclear components manufacturer developing the BANR microreactor and supplying naval/propulsion nuclear systems. Direct competitor in microreactor development with significantly greater manufacturing scale and government contracting depth.
• Oklo: Public advanced fission company (NYSE: OKLO) developing Aurora microreactor. Direct competitor targeting data center and off-grid power customers with similar Generation IV design philosophy and NRC pre-application status.
• X-Energy: Developer of Xe-100 high-temperature gas-cooled reactor and TRISO fuel. Closest technology peer — same HTGR/TRISO fuel architecture as KRONOS MMR, pursuing data center customers including Amazon-backed deployments.
• TerraPower: Bill Gates-backed advanced reactor developer pursuing Natrium sodium-cooled fast reactor. Competing for hyperscaler and government advanced reactor funding; larger balance sheet and broader technology portfolio.
• Holtec International: Developer of SMR-160 small modular reactor. Established nuclear industrial player entering the SMR/microreactor space, leveraging existing nuclear fuel and storage technology capabilities.

Emerging players

• Last Energy: Private microreactor startup developing small modular PWR-type reactors for European data center customers. Emerging competitor pursuing similar small-footprint, factory-fabricated microreactor deployments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/nano_nuclear
• YouTubeyoutube.com/channel/UC7ISe0ZrbFJusUQ9-vh-CnA
• Facebookfacebook.com/nanonuclearenergy
• LinkedInlinkedin.com/company/nano-nuclear-energy-inc
• Instagraminstagram.com/nanonuclear
• TikToktiktok.com/@nanonuclearenergy

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries5 records

Funding overview

Funding rounds9 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NANO Nuclear Energy