Overview

• NANO Nuclear plans to invest more than $12 million and hire about 50 full-time employees for the Chicagoland operation.
• The company acquired a 23,537-square-foot property that includes a 7,400-square-foot non-nuclear demonstration area.
• Support from the REV Illinois program totals $6.8 million in incentives tied to capital spending and job creation.
• Engineers, component manufacturers, and researchers will develop and validate the KRONOS MMR in partnership with the University of Illinois Urbana-Champaign.
• The company says the KRONOS MMR is in construction-permit pre-application engagement with the U.S. Nuclear Regulatory Commission.