- New Headquarters in Oak Ridge: NANO Nuclear Energy Inc. has purchased a 1.64-acre site in Oak Ridge, Tennessee, to establish its Nuclear Technology Headquarters, positioning itself at the heart of America’s nuclear innovation landscape.
- Strategic Location: The new facility is strategically located near Oak Ridge National Laboratory and other key research centers, enhancing NANO Nuclear’s capabilities in nuclear technology design, engineering, and regulatory licensing.
- Expanding Workforce: NANO Nuclear plans to grow its team at the Oak Ridge facility, aiming to employ up to 30 personnel, further advancing the development and commercialization of its portable microreactor technologies.
NANO Nuclear Energy Inc. (NASDAQ: NNE), a leading company in advanced nuclear energy and technology, has secured a 1.64-acre property in the historic Heritage Center Industrial Park in Oak Ridge, Tennessee, marking a significant milestone in the company’s journey toward advancing portable clean energy solutions. This $1.71 million acquisition includes a 14,000 sq. ft., two-story building that will serve as NANO Nuclear’s Nuclear Technology Headquarters.
Situated in a world-renowned hub for nuclear innovation, the new facility is strategically positioned near Oak Ridge National Laboratory, the Spallation Neutron Source, the National Transportation Research Center, and The University of Tennessee’s Center of Excellence in Engineering. This proximity to key research institutions will allow NANO Nuclear to enhance its design, engineering, and regulatory licensing capabilities.
“Our new Nuclear Technology Headquarters in Oak Ridge is a critical step forward in our mission to bring advanced portable microreactors and other nuclear technologies from design and testing stages to market,” said Jay Yu, Founder and Chairman of NANO Nuclear Energy. “Oak Ridge has a rich history in nuclear energy development, and we are honored to contribute to its legacy by advancing the next generation of American nuclear innovation.”
The Heritage Center, once a pivotal site during World War II as part of the Manhattan Project, has a storied past in supporting nuclear advancements. NANO Nuclear’s decision to establish its headquarters in this historically significant location underscores the company’s commitment to continuing America’s nuclear innovation tradition. The facility is expected to employ up to 30 personnel as NANO Nuclear expands its operations and advances its proprietary microreactor technologies, including the “ZEUS” solid core battery reactor and the “ODIN” low-pressure coolant reactor.
James Walker, CEO and Head of Reactor Development at NANO Nuclear Energy, expressed excitement about the new headquarters, stating, “Oak Ridge holds a legendary place in the history of America’s nuclear innovation. We are thrilled to establish and grow our technology headquarters in such a significant location, continuing the proud tradition of nuclear advancements while pushing the boundaries with our proprietary technologies.”
NANO Nuclear’s establishment of the Nuclear Technology Headquarters in Oak Ridge signifies a new chapter in the company’s efforts to revolutionize the nuclear energy industry through cutting-edge technology and strategic partnerships.