NANO Nuclear Energy (NNE) 28th Annual Needham Growth Conference Virtual summary

Strategic focus and industry context

• Emphasizes vertical integration across the nuclear fuel cycle, including enrichment, conversion, and transportation, to de-risk micro-reactor deployment and support industry growth.

• Highlights strong global demand for clean, reliable base load energy, driven by data centers, industrial reshoring, and electrification.

• Notes unprecedented bipartisan government support and legislative initiatives like the ADVANCE Act, expediting advanced reactor deployment.

• Cites climate mandates and commitments to triple or quadruple nuclear capacity by 2050 as key industry tailwinds.

• References major tech companies' recent announcements to expand nuclear capabilities for AI data centers.

KRONOS MMR technology and differentiation

• KRONOS MMR, a 15 MWe high-temperature gas reactor using TRISO fuel, is the closest to deployment and the main focus.

• Design leverages factory fabrication, modular assembly, and commercially available components for cost-effective scaling.

• Can operate on LEU+ fuel, avoiding reliance on HALEU, and offers a favorable safety and footprint profile.

• Benefits from over $120 million in prior investment and a proven technology lineage, aiding licensing and deployment.

• Versatility allows serving both large-scale and remote applications, with modularity enabling flexible project scaling.

Commercial pipeline and project development

• Pipeline includes feasibility studies for up to 1 GW with BaRupOn in Texas, plus multiple 500 MW–1 GW data center and industrial projects.

• Prototype project at University of Illinois targets construction permit submission in early 2026 and online operation by 2029–2030.

• Chalk River, Ontario, is a potential second prototype site, with licensing to be expedited by leveraging NRC and CNSC collaboration.

• Strong support from EPCM firms, the University of Illinois, and state and federal agencies is expected to accelerate deployment.

• Additional portable micro-reactors (ZEUS, LOKI) are in development, benefiting from KRONOS' licensing progress.