NANO Nuclear Energy announced the signing of a non-binding Memorandum of Understanding with Vert2Grow Energy Solutions.
Under the MOU, the parties aim to explore the integration of Nano Nuclear's portable microreactor technology in development with the 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 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.
James Walker, Chief Executive Officer and Head of Reactor Development of NANO Nuclear Energy said: "This collaboration embodies NANO Nuclear Energy's vision to deliver not just power, but transformative solutions for communities that need them most."
Project scope:
Feasibility Studies: Conduct detailed research and assessments to evaluate the integration of microreactor and vertical farming technologies, including technical compatibility, economic viability, and market demand.
Site Selection: Identifying and shortlisting optimal locations for pilot projects, focusing on remote communities, disaster-prone areas, and industrial camps across sub-Saharan Africa, South America, Southeast Asia, and Northern Canada.
Pilot Project Implementation: Designing and launching a potential pilot program by 2027, integrating a prototype microreactor system with a demonstration vertical farm.
Community Engagement and Training: Developing outreach programs to train local personnel in operating and maintaining the integrated systems, ensuring long-term sustainability and community participation.
The collaboration also aims to scale deployment globally, tailoring systems to specific customer needs, from isolated villages to mining operations, with a target deployment timeline beginning in the early 2030s, assuming all milestones, including applicable regulatory approvals, are achieved.
For more information:
Vert2Grow Energy Solutions
vert2growenergysolutions.com/
Nano Nuclear Technology
nanonuclearenergy.com