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Nano Nuclear Energy to build $12M microreactor facility in Chicagoland with $6.8M state support, creating 50 jobs.
Nano Nuclear Energy's stock rose 8% on Tuesday after announcing plans to build a $12 million manufacturing and research hub in the Chicagoland area, backed by $6.8 million in state incentives through Illinois’ REV Illinois program.
The facility, set to create 50 jobs, will focus on developing the company’s KRONOS MMR microreactor and collaborate with the University of Illinois Urbana-Champaign.
The project supports broader clean-energy goals and advances the company’s small modular reactor technology, which is in pre-application with the U.S. Nuclear Regulatory Commission.
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Nano Nuclear Energy construirá una instalación de microrreactor de $12M en Chicagoland con $6.8M de apoyo estatal, creando 50 empleos.