NANO Nuclear joins 127 global nuclear energy and technology companies to support the goal of tripling global nuclear energy capacity by 2050
New York, N.Y., May 23, 2024 (GLOBE NEWSWIRE) -- NANO Nuclear Energy Inc. (NASDAQ: NNE) ("NANO Nuclear"), an emerging vertically integrated microreactor and advanced nuclear technology company led by a world-class nuclear engineering team developing proprietary, portable, and clean energy solutions, is pleased to announce that is has committed its support to the World Nuclear Association's Net Zero Nuclear ("NZN") initiative.
Partners of the initiative, including other U.S. corporations such as Uranium Energy Corp. and Centrus Energy Corp., recognize that nuclear generation is the largest source of clean, low-carbon electricity in member countries of the Organisation for Economic Co-operation and Development (OECD) and that a resilient strategy for achieving net-zero should include an increase in the share of electricity provided by nuclear energy.
Figure 1 - NANO Nuclear Energy Inc. (NASDAQ NNE) Signs the Net Zero Nuclear Industry Pledge in Solidarity with the Declaration to Triple Nuclear Energy made at COP28.
The initiative aims to focus the industry's collective efforts on realistic, actionable, solutions-focused dialogue to enable the rapid expansion of the global nuclear fleet and the acceleration research and development into emerging nuclear technologies.
"Nano Nuclear Energy has joined the more than 120 companies that have pledged to support global efforts to triple nuclear energy capacity by 2050. I welcome NANO Nuclear's endorsement of the Net Zero Nuclear Industry Pledge and encourage other companies to follow their example" said Sama Bilbao y León, Director General of World Nuclear Association"
The 128 companies currently involved with the NZN seek to at least triple nuclear capabilities by 2050 to help achieve global goals for decarbonization, clean energy supply and enhanced energy resiliency and security, as outlined by more than 20 countries from four continents during the World Climate Action Summit of the 28th Conference of the Parties to the U.N. Framework Convention on Climate Change.
Nuclear technologies are expected to have a significant role in helping decarbonize hard to abate sectors, for example through the provision of high temperature industrial process heat, hydrogen production, district heating and the production of synthetic fuels. This is a belief that is shared by NANO Nuclear.
"The Net Zero Nuclear initiative is a testament to the rekindled interest in the nuclear energy industry and shows a collective commitment to sustainable energy solutions we are very proud to support," said Jay Yu, Executive Chairman and President of NANO Nuclear Energy. "By supporting the initiative to triple nuclear energy capacity by 2050, we are contributing to the significant momentum in the industry as we aim to meaningfully contribute to a sustainable energy future. This initiative aligns with our mission to advance nuclear technology and underscores our dedication to achieving net zero emissions. We are honored to join leading nuclear and technology companies around the world in our collective commitment to sustainable energy solutions."
A core principle of NANO Nuclear's mission is the comprehensive revitalization of the nuclear energy industry in the United States. As such, NANO Nuclear has positioned itself at the forefront of numerous business verticals, including nuclear fuel fabrication and transportation, in addition to developing its own portable microreactor solutions and providing nuclear consulting services.
Assuming the development and commercialization of its exclusively licensed high-capacity HALEU fuel transportation basket, created by three major U.S. national nuclear laboratories and funded by the Department of Energy, we believe that NANO Nuclear's wholly owned subsidiaries, Advanced Fuel Transportation and HALEU Energy Fuel, may become part of the only vertically integrated nuclear fuel business of its kind in North America.
Many next-generation Small Modular Reactor (SMRs) and microreactors (defined as reactors generating less than 20 megawatts of power) are designed to utilize High-Assay Low-Enrichment Uranium (HALEU) fuel. With the expectation that demand and competition for HALEU will continue to grow, NANO Nuclear is taking measures to ensure it has the material necessary to power its reactors, ensure manufacture of its products and support the broader industry.
"The global community is gradually recognizing the critical role of nuclear energy in achieving a sustainable future," said James Walker, Chief Executive Officer of NANO Nuclear Energy. "The nuclear energy industry must overcome several challenges, including the bottleneck in the supply of HALEU, which will intensify once the recent ban on Russian uranium imports goes into effect this summer. However, this ban also releases $2.72 billion in federal funding to expand the U.S. uranium industry, signifying a pivotal opportunity to address supply chain constraints, bolster domestic production, and take a step closer to achieving the goals set out at COP28."
About Net Zero Nuclear
Net Zero Nuclear is an initiative that calls for unprecedented collaboration between government and industry leaders to at least triple global nuclear capacity to achieve carbon neutrality by 2050. The initiative aims to focus the industry's collective efforts on realistic, actionable, solutions-focused dialogue to enable the rapid expansion of the global nuclear fleet and the acceleration research and development into emerging nuclear technologies.
About NANO Nuclear Energy Inc.
NANO Nuclear Energy Inc. (NASDAQ: NNE) is an emerging, advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across four business lines: (i) cutting edge portable microreactor technology, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation and (iv) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S.
Led by a world-class nuclear engineering team, NANO Nuclear's products in technical development are "ZEUS", a solid core battery reactor, and "ODIN", a low-pressure coolant reactor, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors.
Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America.
HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear's own microreactors as well as the broader advanced nuclear reactor industry.
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Cautionary Note Regarding Forward Looking Statements
This news release and statements of NANO Nuclear's management in connection with this news release or related events contain or may contain "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as "expects", "anticipates", "intends", "plans", "believes", "potential", "will", "should", "could", "would" or "may" and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management's current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results (including the anticipated benefits of Gen. Clark's association with the Company or the results of NANO Nuclear's microreactor development activities as described herein) to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy ("DOE") nuclear fuel manufacturing submission and the development of new or advanced technology, including difficulties with design and testing, cost overruns, development of competitive technology, (ii) our ability to obtain contracts and funding to be able to continue operations; (iii) risks related to uncertainty regarding our ability to commercially deploy a competitive advanced nuclear reactor technology, (iv) risks related to the impact of government regulation and policies including by the DOE and the U.S. Nuclear Regulatory Commission; and similar risks and uncertainties associated with the business of a start-up business operating a highly regulated industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.
NANO Nuclear加入了全球127家核能和技术公司的行列，以支持到2050年将全球核能容量增加三倍的目标
纽约州纽约，2024年5月23日（GLOBE NEWSWIRE）——NANO Nuclear Energy（纳斯达克股票代码：NNE）（“NANO Nuclear”）是一家由开发专有便携式清洁能源解决方案的世界级核工程团队领导的新兴垂直整合微反应堆和先进核技术公司，很高兴地宣布，它已承诺支持世界核协会的净零核（“NZN”）倡议。
该计划的合作伙伴，包括铀能源公司和Centrus Energy Corp. 等其他美国公司，都认识到，核能发电是经济合作与发展组织（经合组织）成员国最大的清洁、低碳电力来源，实现净零的弹性战略应包括增加核能提供的电力份额。
图 1-纳米核能公司（NASDAQ NNE）签署了《核工业净零承诺》，以声援在 COP28 上发表的《核能三倍宣言》。
该计划旨在将业界的集体努力集中在切合实际、可行、以解决方案为重点的对话上，以实现全球核机队的快速扩张和新兴核技术的研究和开发。
“纳米核能已加入120多家公司的行列，这些公司承诺支持到2050年将核能容量提高三倍的全球努力。我欢迎NANO Nuclear认可《核工业净零承诺》，并鼓励其他公司效仿。” 世界核协会总干事萨玛·毕尔巴鄂和莱昂说。”
正如来自四大洲的20多个国家在28国世界气候行动峰会期间所概述的那样，目前参与NZN的128家公司力求到2050年将核能力至少提高三倍，以帮助实现脱碳、清洁能源供应以及增强能源弹性和安全的全球目标第四 《联合国气候变化框架公约》缔约方会议。
核技术有望在帮助难以减排的行业脱碳方面发挥重要作用，例如通过提供高温工业过程热能、氢气生产、区域供热和合成燃料的生产。这是纳米核能的共同信念。
NANO Nuclear Energy执行董事长兼总裁Jay Yu表示：“净零核计划证明了人们重新燃起了人们对核能行业的兴趣，也表明了我们对可持续能源解决方案的集体承诺，我们非常自豪能够支持。”“通过支持到2050年将核能容量提高三倍的倡议，我们正在为该行业的强劲势头做出贡献，因为我们的目标是为可持续能源的未来做出有意义的贡献。该举措符合我们推进核技术的使命，凸显了我们对实现净零排放的承诺。我们很荣幸能加入全球领先的核电和技术公司，共同致力于可持续能源解决方案。”
NANO Nuclear使命的核心原则是全面振兴美国的核能产业。因此，除了开发自己的便携式微反应堆解决方案和提供核咨询服务外，NANO Nuclear还将自己定位在众多垂直业务领域的最前沿，包括核燃料制造和运输。
假设由美国三大国家核实验室创建并由能源部资助的独家许可的大容量HALEU燃料运输篮子已开发和商业化，我们认为NANO Nuclear的全资子公司Advanced Fuel Transportation和HALEU Energy Fuel可能会成为北美唯一的垂直整合核燃料业务的一部分。
许多下一代小型模块化反应堆（SMR）和微反应堆（定义为功率小于20兆瓦的反应堆）都设计为使用高测定低浓缩铀（HALEU）燃料。预计对HALEU的需求和竞争将继续增长，NANO Nuclear正在采取措施，确保其拥有为反应堆提供动力、确保其产品制造和支持更广泛的行业所需的材料。
纳米核能首席执行官詹姆斯·沃克说：“全球社会逐渐认识到核能在实现可持续未来方面的关键作用。”“核能行业必须克服一些挑战，包括HALEU供应的瓶颈，一旦最近的俄罗斯铀进口禁令于今年夏天生效，这种瓶颈将加剧。但是，该禁令还释放了27.2亿美元的联邦资金，用于扩大美国的铀产业，这标志着解决供应链限制、提高国内产量以及向实现 COP28 设定的目标又近了一步的关键机会。”
关于 “净零核”
净零核能是一项倡议，呼吁政府与行业领导者进行前所未有的合作，将全球核能力至少提高三倍，到2050年实现碳中和。该计划旨在将业界的集体努力集中在切合实际、可行、以解决方案为重点的对话上，以实现全球核机队的快速扩张和新兴核技术的研究和开发。
关于纳米核能公司
NANO Nuclear Energy Inc.（纳斯达克股票代码：NNE）是一家以先进技术为导向的新兴核能公司，致力于成为一家以商业为重点、多元化和垂直整合的公司，涵盖四个业务领域：（i）尖端的便携式微反应堆技术，（ii）核燃料制造，（iii）核燃料运输和（iv）核工业咨询服务。NANO Nuclear认为这是第一家在美国公开上市的便携式核微反应堆公司。
在世界一流的核工程团队的领导下，NANO Nuclear的技术开发产品是 “ZEUS”（固体核心电池反应堆）和 “ODIN”（低压冷却剂反应堆），每种产品都代表着清洁能源解决方案的先进发展，这些解决方案是便携式、可按需使用的先进核微反应堆。
纳米核子公司Advanced Fuel Transportation Inc.（AFT）由全球最大的运输公司的前高管领导，其目标是建立一家北美运输公司，为小型模块化反应堆、微反应堆公司、国家实验室、军事和美国能源部项目提供商业数量的HALEU燃料。通过NANO Nuclear，AFT是获得专利的高容量HALEU燃料运输篮的独家许可人，该篮子由美国三大国家核实验室开发，由能源部资助。假设开发和商业化，AFT有望成为北美唯一的垂直整合核燃料业务的一部分。
纳米核子公司HALEU Energy Fuel Inc.（HEF）专注于未来为纳米核自有微反应堆以及更广泛的先进核反应堆行业开发高分析、低浓缩铀（HALEU）燃料制造管道的国内来源。
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关于前瞻性陈述的警示说明
本新闻稿和NANO Nuclear管理层与本新闻稿或相关事件相关的声明包含或可能包含经修订的1934年《证券交易法》第21E条和1995年《私人证券诉讼改革法》所指的 “前瞻性陈述”。在这种情况下，前瞻性陈述是指与未来事件相关的陈述，这些陈述可能会影响我们预期的未来业务和财务业绩，通常包含 “期望”、“预期”、“打算”、“计划”、“相信”、“潜力”、“将”、“应该”、“将” 或 “可能” 等词语以及其他具有类似含义的词语。这些前瞻性陈述基于截至本新闻发布之日我们获得的信息，代表管理层当前的观点和假设。前瞻性陈述不能保证未来的业绩、事件或结果，涉及已知和未知的风险、不确定性和其他可能超出我们控制范围的因素。对于NANO Nuclear而言，可能导致我们未来实际业绩（包括克拉克将军与公司合作的预期收益或本文所述的NANO Nuclear微反应器开发活动的结果）与我们的前瞻性陈述中表达的重大差异的特定风险和不确定性包括但不限于以下方面：（i）与美国能源部（“DOE”）提交的核燃料制造文件以及新技术或先进技术的开发相关的风险，包括遇到的困难设计和测试、成本超支、竞争性技术的开发，（ii）我们获得合同和资金以继续运营的能力；（iii）与我们在商业上部署具有竞争力的先进核反应堆技术的能力的不确定性相关的风险；（iv）与包括美国能源部和美国核监管委员会在内的政府监管和政策的影响相关的风险；以及与经营高度监管行业的初创企业业务相关的类似风险和不确定性。提醒读者不要过分依赖这些前瞻性陈述，这些陈述仅在本新闻发布之日适用。这些因素可能不构成可能导致实际业绩与任何前瞻性陈述中讨论的结果不同的所有因素。因此，不应将前瞻性陈述作为实际业绩的预测指标。除非法律要求，否则我们不承诺更新我们的前瞻性陈述以反映本新闻发布之日之后可能发生的事件或情况。
