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NANO Nuclear and the Rwanda Atomic Energy Board will cooperate on educational, regulatory and physical development of the country's nuclear energy infrastructure.
New York, N.Y., Aug. 15, 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 the Rwanda Atomic Energy Board (RAEB).
The MOU establishes a framework under which NANO Nuclear work alongside the RAEB to facilitate the introduction and eventual integration of small modular reactors (SMRs) and microreactors, like ‘ZEUS' and ‘ODIN', NANO Nuclear's next generation microreactors in development, throughout the Republic of Rwanda. NANO Nuclear will also be responsible for enabling the development of the country's entire ecosystem of nuclear energy systems. This includes providing technical assistance, training and educational programs to develop Rwanda's technical expertise in the nuclear energy industry.
The MOU marks NANO Nuclear's first entry into the sizeable market for nuclear energy in Africa and highlights the benefits of the Executive Advisory Board NANO Nuclear has assembled. Dr. Lassina Zerbo, Chair of the Executive Advisory Board for Africa, is a nuclear science diplomat and former Prime Minister of Burkina Faso. His efforts were key in assisting NANO Nuclear with this MOU.
Posted In: NNE
