NANO Nuclear Energy (NNE) announced that the Company, alongside Governor JB Pritzker and the Illinois Department of Commerce and Economic Opportunity, will establish a manufacturing and research & development facility in Illinois. NANO Nuclear plans to make an investment of more than $12M with the support from the Reimagining Energy and Vehicles in Illinois program, which will enable the company to establish its operations and create 50 new full-time jobs. NANO Nuclear will receive $6.8M in incentive awards from the REV Illinois program. NANO Nuclear recently acquired a property in the Chicagoland area featuring a 23,537-square-foot stand-alone facility, including a dedicated 7,400-square-foot non-nuclear demonstration area. The facility is expected to support nuclear engineers, component manufacturers, researchers, and support personnel who will work in collaboration with the University of Illinois Urbana-Champaign on NANO Nuclear’s lead project, the KRONOS MMR Microreactor Energy System.
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