NANO Nuclear Energy Partners with Vert2Grow Energy Solutions in MOU Agreement

On December 3, 2024, NANO Nuclear Energy Inc. (NASDAQ: NNE), a company specialized in portable nuclear energy solutions, announced a non-binding Memorandum of Understanding (MOU) with Vert2Grow Energy Solutions Inc., a Vancouver-based start-up. This partnership intends to explore the integration of NANO Nuclear's portable microreactor technology with Vert2Grow's vertical farming solutions to provide sustainable energy and food production capabilities in remote communities worldwide.

The MOU sets a two-year timeframe for exploration to address the urgent challenges faced in remote and underserved regions, where reliable access to energy and food is often lacking. By utilizing NANO Nuclear's advanced reactor systems in conjunction with Food Security Structures Canada (FSSC)’s innovative agriculture technology, this collaboration aims to develop sustainable solutions that could significantly improve the quality of life in isolated communities and disaster-prone areas.

Founded in 2019, FSSC focuses on developing scalable vertical farming systems equipped with advanced automation and climate control technologies designed for efficient year-round food production, even in harsh environments. The partnership aims to transform how remote communities achieve food security by leveraging the benefits of NANO Nuclear's energy solutions and FSSC's farming systems.

James Walker, CEO of NANO Nuclear Energy, stated that this collaboration is central to the company’s mission to deliver not only energy but transformative solutions for communities facing critical challenges. By combining clean, portable nuclear power with cutting-edge vertical farming technologies, the collaboration seeks to address two of the most pressing needs in remote areas: reliable energy and food supply.

The project’s initial scope encompasses feasibility studies to evaluate how microreactors and vertical farming technologies can be integrated effectively, along with site selection for pilot projects in regions across sub-Saharan Africa, South America, Southeast Asia, and Northern Canada. The goal is to launch a pilot project by 2027, featuring a prototype microreactor system and a demonstration vertical farm. Additionally, community engagement and training initiatives will be crucial for the local operation and maintenance of these systems, ensuring long-term sustainability and integration.

The collaboration not only promises to provide access to fresh produce but also aims to reduce reliance on expensive and environmentally damaging energy sources, like diesel generators. This integrated approach aspires to deliver significant economic, social, and environmental benefits, empowering communities to thrive under previously unsustainable conditions.

Jay Yu, Founder and Chairman of NANO Nuclear Energy, emphasized the transformative potential of this partnership in redefining access to food and energy in remote regions. Kim Parker, President & CEO of FSSC, noted that combining their low-energy farming systems with NANO Nuclear’s energy solutions could revolutionize food production in remote communities, thereby fulfilling their mission to empower communities globally.

Vert2Grow Energy Solutions is a collaborative initiative committed to providing innovative energy solutions for vertical farming by leveraging the resources and expertise of its partners, including FSSC and Marina Point Capital Inc. FSSC provides advanced indoor agriculture technologies to combat food insecurity and enhance food production efficiency.

NANO Nuclear Energy aims to diversify its operations across various segments, including portable microreactor technology and nuclear applications for space, striving to be an industry leader in advanced nuclear energy solutions. For more information about NANO Nuclear Energy and its initiatives, visit their website or contact them directly.