NANO Nuclear Energy Signs Of A Non-Binding MOU With Vert2Grow Energy Solutions, To Explore The Integration Of Nano Nuclear's Portable Microreactor Technology In Development With The Innovative Vertical Farming Solutions Of Vert2Grow And Its Technology Partner FSSC To Deliver Sustainable Power And Food Production Capabilities To Remote Communities Worldwide
NANO Nuclear Energy Inc. (NASDAQ:NNE) ("NANO Nuclear" or "the Company"), a leading advanced nuclear energy and technology company focused on developing portable, clean energy solutions, today announced the signing of a non-binding Memorandum of Understanding (MOU) with Vert2Grow Energy Solutions Inc. (Vert2Grow). Vert2Grow utilizes vertical farming technology provided by Food Security Structures Canada (FSSC).
Under the MOU, the parties aim to explore the integration of Nano Nuclear's portable microreactor technology in development with the innovative vertical farming solutions of Vert2Grow and its technology partner FSSC to deliver sustainable power and food production capabilities to remote communities worldwide.
The MOU, which establishes an initial, two-year exploration period, seeks to address the pressing challenges faced by remote and underserved areas, where access to reliable energy and food supply is limited. By leveraging NANO Nuclear's advanced reactor systems in development and FSSC's proprietary controlled-environment agriculture technology, the collaboration will develop a comprehensive framework to deliver innovative solutions that can transform isolated communities, disaster-prone regions, and industrial sites and may eventuate in the execution of one or more definitive agreements between the parties.
