NANO Nuclear Energy Inc.
NANO Nuclear Energy Signs Memorandum of Understanding with Blockfusion
NANO Nuclear will lead the technical evaluation of viable power supply solutions for Blockfusion's remote artificial intelligence datacenter.
New York, N.Y., July 30, 2024 (GLOBE NEWSWIRE) -- NANO Nuclear Energy Inc. (NASDAQ: NNE) ("NANO Nuclear"), a vertically integrated advanced nuclear energy and technology company developing portable clean energy solutions, today announced that it has signed a Memorandum of Understanding (MOU) with Blockfusion Ventures, an affiliate of data center operator Blockfusion USA, Inc.
Under the MOU, NANO Nuclear will lead the technical assessment of advanced power supply systems for Blockfusion's datacenter in Niagara Falls, NY. NANO Nuclear will explore the potential integration of its advanced microreactor technologies, evaluating compatibility between its microreactors' electric output and the artificial intelligence (AI) datacenter's energy requirements. NANO Nuclear will also assist Blockfusion in assessing the potential for other clean energy source alternatives like wind and solar. Additionally, considerations will be made in relation to environmental and regulatory constraints, as well as economic feasibility, alongside risk assessments. The MOU is non-binding and non-exclusive, but establishes a collaboration framework for a period of twenty-three months which could lead to the execution of definitive agreements in the future.
"We are thrilled to be collaborating with NANO Nuclear on this exciting endeavor," said Alex Martini, CEO of Blockfusion. "The groundbreaking microreactor technology NANO Nuclear is developing has the potential to revolutionize the way data centers are powered, ensuring a sustainable future while meeting the very large and ever-growing energy demands of data center and artificial intelligence sectors."
"We have long considered datacenters focused on AI, quantum computing and crypto mining as an ideal potential customer for our micro nuclear reactors in development, and this MOU provides an excellent opportunity to explore the real-world demands our microreactors can meet for this important sector," said Jay Yu, Founder and Chairman of NANO Nuclear. "We are pleased to collaborate with Blockfusion as a fellow New York State, clean energy-focused company on the next steps of optimizing our innovative microreactors. Together, we are committed to maintaining environmentally sustainable operations to meet the high energy demands of artificial intelligence and data centers. We believe that the data and observations arising out of this MOU will be instrumental in further refining and optimizing our microreactor solutions."
Figure 1 - NANO Nuclear Energy Signs Memorandum of Understanding with Blockfusion.
Blockfusion's facility has undergone a multi-million-dollar conversion from a decommissioned coal power plant to a state-of-the-art data center powered by the hydroelectric energy of Niagara Falls. NANO Nuclear has been tasked with exploring its potential to supplement the Blockfusion's datacenter's energy demands during off peak hours or times of disruption. With its potential for reliability and capacity for providing a consistent and clean baseload energy, nuclear power is well-suited for this purpose. NANO Nuclear's microreactors are being designed for use in remote applications and efficient space usage, and are seeking to offer an environmentally sustainable alternative to other renewable energy solutions which may require additional land or construction.
Figure 2 - Blockfusion's State-of-the-Art Datacenter, Converted from a Decommissioned Dirty-Coal Power Plant.
The 'ZEUS' microreactor, designed to fit within the dimensions of a 45-foot high-cube container, features a power conversion unit capable of generating 1 to 2 MW of electricity without the need for a fluid coolant. This fluid-free design simplifies the system, relying entirely on passive components to enhance safety and reliability. Its configuration is being designed to make 'ZEUS' suitable for a wide range of applications, including remote data centers, AI and quantum computing, and cryptocurrency mining, among others.
"We are delighted that Blockfusion has chosen us to help research and to meet their energy demands with our next-generation, cutting-edge microreactor solutions," said James Walker, Chief Executive Officer and Head of Reactor Development of NANO Nuclear Energy. "The ability to meet remote energy demands like Blockfusion's with minimal environmental impact and high reliability was the driving force behind the inception of NANO Nuclear. It is very gratifying to partner with an established and forward-thinking company that recognizes the potential of our microreactors to provide a sustainable solution to their baseload energy needs."
About Blockfusion
Blockfusion owns, develops and operates data centers powered by clean energy.
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 four business lines: (i) cutting edge portable microreactor technology, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation and (iv) 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 products in technical development are "ZEUS", a solid core battery reactor, and "ODIN", a low-pressure coolant reactor, 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.
For more corporate information please visit:
For further information, please contact:
Email: IR@NANONuclearEnergy.com
Business Tel: (212) 634-9206
PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE:
NANO Nuclear Energy LINKEDIN
NANO Nuclear Energy YOUTUBE
NANO Nuclear Energy TWITTER
Cautionary Note Regarding Forward Looking Statements
This news release and statements of NANO Nuclear's management in connection with this news release or related events 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 (including statements regarding the potential benefits of the MOU with Blockfusion and related technologies in development as described herein) 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. These 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") nuclear fuel manufacturing submission and the development of new or advanced technology, including difficulties with design and testing, cost overruns, development of competitive technology, (ii) our ability to obtain contracts and funding to be able to continue operations, (iii) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor technology, (iv) risks related to the impact of government regulation and policies including by the DOE and the U.S. Nuclear Regulatory Commission, including those associated with the recently enacted ADVANCE Act, and (v) risks related to the collaborations such as the one with Blockfusion described herein, as well as similar risks and uncertainties associated with the business of a start-up business operating a highly regulated 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 the 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 www.sec.gov 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.
Attachment
纳米核能公司
NANO 核能与 Blockfusion 签署谅解备忘录
NANO Nuclear将领导Blockfusion远程人工智能数据中心可行电源解决方案的技术评估。
纽约州纽约,2024年7月30日(GLOBE NEWSWIRE)——开发便携式清洁能源解决方案的垂直整合先进核能和技术公司纳米核能公司(纳斯达克股票代码:NNE)(“NANO Nuclear”)今天宣布,它已与数据中心运营商Blockfusion USA, Inc.的子公司Blockfusion Ventures签署了谅解备忘录(MOU)。
根据谅解备忘录,NANO Nuclear将领导位于纽约州尼亚加拉大瀑布的Blockfusion数据中心的先进电力供应系统的技术评估。NANO Nuclear将探索其先进微反应器技术的潜在整合,评估其微反应堆的电力输出与人工智能(AI)数据中心的能量需求之间的兼容性。NANO Nuclear还将协助Blockfusion评估风能和太阳能等其他清洁能源替代品的潜力。此外,除了风险评估外,还将考虑环境和监管限制因素以及经济可行性。谅解备忘录不具约束力和排他性,但建立了为期二十三个月的合作框架,这可能会导致未来最终协议的执行。
Blockfusion首席执行官亚历克斯·马蒂尼表示:“我们很高兴能与NANO Nuclear合作开展这项激动人心的工作。”“NANO Nuclear正在开发的突破性微反应器技术有可能彻底改变数据中心的供电方式,确保可持续的未来,同时满足数据中心和人工智能领域庞大且不断增长的能源需求。”
NANO Nuclear创始人兼董事长Jay Yu表示:“长期以来,我们一直将专注于人工智能、量子计算和加密采矿的数据中心视为我们正在开发的微型核反应堆的理想潜在客户,这份谅解备忘录为探索我们的微反应堆可以满足这一重要领域的现实需求提供了绝佳的机会。”“作为纽约州一家专注于清洁能源的公司,我们很高兴与Blockfusion合作,共同采取下一步措施来优化我们的创新微反应器。我们共同致力于维持环境可持续的运营,以满足人工智能和数据中心的高能源需求。我们相信,该谅解备忘录产生的数据和观测结果将有助于进一步完善和优化我们的微反应器解决方案。”
图 1-纳米核能与 Blockfusion 签署谅解备忘录。
Blockfusion的设施已经从一座退役的燃煤电厂改建为由尼亚加拉大瀑布的水力发电提供动力的先进数据中心,耗资数百万美元。NANO Nuclear的任务是探索其在非高峰时段或中断时期补充Blockfusion数据中心的能源需求的潜力。由于其潜在的可靠性和提供稳定和清洁的基本负荷能量的能力,核能非常适合这一目的。NANO Nuclear的微反应堆设计用于远程应用和高效的空间利用,并正在寻求为可能需要额外土地或建筑的其他可再生能源解决方案提供一种环境可持续的替代方案。
图 2-Blockfusion 最先进的数据中心,由退役的污煤发电厂改建而成。
“ZEUS” 微反应器专为容纳 45 英尺高的立方体容器而设计,其功率转换装置能够产生 1 到 2 兆瓦的电力,而无需流体冷却剂。这种无流体设计简化了系统,完全依赖于被动组件来增强安全性和可靠性。其配置旨在使 “ZEUS” 适用于各种应用,包括远程数据中心、人工智能和量子计算以及加密货币挖矿等。
纳米核能首席执行官兼反应堆开发主管詹姆斯·沃克表示:“我们很高兴Blockfusion选择我们来帮助研究并通过我们的下一代尖端微反应堆解决方案满足他们的能源需求。”“能够以最小环境影响和高可靠性满足Blockfusion等远程能源需求的能力是NANO Nuclear成立的推动力。与一家具有前瞻性思维的知名公司合作非常令人高兴,该公司认识到我们的微反应堆有潜力为其基本负荷能源需求提供可持续的解决方案。”
关于 Blockfusion
Blockfusion 拥有、开发和运营由清洁能源提供动力的数据中心。
关于纳米核能公司
NANO Nuclear Energy Inc.(纳斯达克股票代码:NNE)是一家以先进技术为导向的核能公司,致力于成为一家以商业为重点、多元化和垂直整合的公司,涵盖四个业务领域:(i)尖端的便携式微反应堆技术,(ii)核燃料制造,(iii)核燃料运输和(iv)核工业咨询服务。NANO Nuclear认为这是第一家在美国公开上市的便携式核微反应堆公司。
在世界一流的核工程团队的领导下,NANO Nuclear的技术开发产品是 “ZEUS”(固体核心电池反应堆)和 “ODIN”(低压冷却剂反应堆),每种产品都代表着清洁能源解决方案的先进发展,这些解决方案是便携式、可按需使用的先进核微反应堆。
纳米核子公司Advanced Fuel Transportation Inc.(AFT)由全球最大的运输公司的前高管领导,其目标是建立一家北美运输公司,为小型模块化反应堆、微反应堆公司、国家实验室、军事和美国能源部项目提供商业数量的HALEU燃料。通过NANO Nuclear,AFT是获得专利的高容量HALEU燃料运输篮的独家许可人,该篮子由美国三大国家核实验室开发,由能源部资助。假设开发和商业化,AFT有望成为北美唯一的垂直整合核燃料业务的一部分。
纳米核子公司HALEU Energy Fuel Inc.(HEF)专注于未来为纳米核自有微反应堆以及更广泛的先进核反应堆行业开发高分析、低浓缩铀(HALEU)燃料制造管道的国内来源。
欲了解更多企业信息,请访问:
欲了解更多信息,请联系:
电子邮件:IR@NANONuclearEnergy.com
商务电话:(212) 634-9206
请在此处关注我们的社交媒体页面:
纳米核能 LINKEDIN
纳米核能优酷
纳米核能推特
关于前瞻性陈述的警示说明
本新闻稿和NANO Nuclear管理层与本新闻稿或相关事件相关的声明包含或可能包含经修订的1934年《证券交易法》第21E条和1995年《私人证券诉讼改革法》所指的 “前瞻性陈述”。在这种情况下,前瞻性陈述是指与未来事件相关的陈述(包括关于与Blockfusion达成的谅解备忘录以及本文所述相关技术可能带来的潜在收益的陈述),这些陈述可能影响我们预期的未来业务和财务业绩,通常包含 “期望”、“打算”、“计划”、“相信”、“潜在”、“将”、“应该”、“可以” 或 “将” 或 “将” 等词语可能” 和其他具有类似含义的词语。这些前瞻性陈述基于截至本新闻发布之日我们获得的信息,代表管理层当前的观点和假设。前瞻性陈述不能保证未来的业绩、事件或结果,涉及重大的已知和未知风险、不确定性和其他可能超出我们控制范围的因素。对于NANO Nuclear而言,可能导致我们未来实际业绩与前瞻性陈述中表达的结果存在重大差异的特定风险和不确定性包括但不限于以下风险:(i)与美国能源部(“DOE”)核燃料制造申请以及新技术或先进技术开发相关的风险,包括设计和测试方面的困难、成本超支、竞争性技术的开发,(ii)我们获得合同和资金的能力,从而能够继续运营,(iii)风险与我们在技术上开发和商业部署具有竞争力的先进核反应堆技术的能力的不确定性有关,(iv)与包括美国能源部和美国核监管委员会在内的政府监管和政策的影响相关的风险,包括与最近颁布的ADVANCE法案相关的风险,以及(v)与本文所述的与Blockfusion合作相关的风险,以及与经营高度监管的初创企业业务相关的类似风险和不确定性工业。提醒读者不要过分依赖这些前瞻性陈述,这些陈述仅在本新闻发布之日适用。这些因素可能不构成可能导致实际业绩与任何前瞻性陈述中讨论的结果不同的全部因素,因此,NANO Nuclear鼓励投资者在向美国证券交易委员会提交的文件中审查可能影响未来业绩的其他因素,这些文件可在www.sec.gov和上网查阅。因此,不应将前瞻性陈述作为实际业绩的预测指标。除非法律要求,否则我们不承诺更新我们的前瞻性陈述以反映本新闻发布之日之后可能发生的事件或情况。
附件