Nano Nuclear and Ameresco signed a memorandum of understanding (MOU) to explore collaborating to deploy Nano’s KRONOS microreactor at commercial and federal sites.
Nano Nuclear is currently developing the KRONOS modular microreactor, which is made to be portable and produce up to 15 megawatts of electricity and 45 megawatts of thermal energy.
Ameresco, headquartered in Framingham, Mass., is an energy infrastructure solutions provider that seeks to help customers cut their carbon footprint. Though Ameresco’s portfolio is predominantly made up of renewable energy projects, the company has recently explored nuclear power projects by collaborating with Charlotte, N.C.-based Terrestrial Energy.
According to Nano Nuclear’s Monday press release, the MOU covers the proposed joint effort to evaluate options for siting, construction, licensing, operation and decommissioning of Nano’s reactor technologies.
Following an assessment of regulatory and financial considerations, stakeholder engagement and utility interconnections, the companies are expected to enter into specific agreements. Under these, Ameresco would lead engineering, procurement and construction for Nano Nuclear’s domestic projects, Nano said.
“This collaboration will help us to ensure that our microreactors will be suited to meet the growing power demands of AI [artificial intelligence] data centers, and other energy-intensive applications,” Nano Nuclear CEO James Walker said in the release. Walker added: “we look forward to continuing discussions around potential sites and future development opportunities.”