Key Takeaways
- NANO Nuclear Energy and Vert2Grow Energy Solutions sign a non-binding MOU to integrate microreactor technology with vertical farming systems.
- The partnership aims to address energy and food security challenges in remote communities worldwide.
- Initial scope includes feasibility studies, site selection, pilot project implementation, and community training over a two-year exploration period.
- Food Security Structures Canada (FSSC), a technology partner of Vert2Grow, provides advanced vertical farming systems designed for scalability and operational efficiency.
- The collaboration targets global deployment by the early 2030s, contingent on achieving regulatory and technical milestones.
Partnership Overview
NANO Nuclear Energy Inc. (NASDAQ: NNE) announced the signing of a non-binding Memorandum of Understanding (MOU) with Vert2Grow Energy Solutions Inc., marking a step toward integrating portable microreactor technology with vertical farming solutions. The partnership leverages FSSC’s controlled-environment agriculture technology to deliver sustainable power and food production capabilities in remote and underserved regions.
“This collaboration embodies NANO Nuclear Energy’s vision to deliver not just power, but transformative solutions for communities that need them most,” said James Walker, CEO and Head of Reactor Development at NANO Nuclear Energy.
Addressing Remote Challenges
The collaboration aims to tackle two critical needs in isolated and underserved communities:
- Reliable Energy: By deploying NANO Nuclear’s portable microreactor systems.
- Food Security: Using FSSC’s scalable vertical farming systems designed for high-yield, year-round food production.
This combined approach offers a sustainable solution for regions currently dependent on diesel generators and imported food supplies.
Initial Scope of Work
Over the next two years, the partnership will focus on:
- Feasibility Studies: Evaluating technical compatibility, economic viability, and market demand for integrating microreactors with vertical farms.
- Site Selection: Identifying optimal locations for pilot projects, targeting regions in sub-Saharan Africa, South America, Southeast Asia, and Northern Canada.
- Pilot Implementation: Launching a potential pilot program by 2027, integrating a microreactor system with a demonstration vertical farm.
- Community Training: Developing outreach programs to train local personnel in operating and maintaining the systems, ensuring long-term sustainability.
Deployment is anticipated to scale globally in the early 2030s, adapting systems to specific customer needs, such as isolated villages, mining operations, and disaster-prone regions.
Leadership Perspectives
Jay Yu, Founder and Chairman of NANO Nuclear Energy: “The potential of this collaboration to redefine food and energy access in remote regions is another step forward for our company. We are thrilled to partner with Vert2Grow to address critical challenges in food production and energy supply, contributing to resilient and self-sufficient communities worldwide.”
Kim Parker, President & CEO of Food Security Structures Canada: “Affordable energy is one of the biggest challenges with any controlled-environment agricultural system. By pairing our systems with NANO Nuclear Energy’s technology, we could radically transform food production in remote communities, fulfilling our mission to empower communities to grow fresh, nutritious food year-round, regardless of location.”
