Raised
Private and public equity. Never added to federal money.
No raised money on record.
NANO Nuclear Energy
Technology provider for the UIUC KRONOS research-reactor construction-permit application.
Deployment stage3 / 8Development
Race position
Megawatts at their strongest documented state, as of 2026-08-06.
DesignKRONOS MMR
Per unit15 MWe
LaneMicroreactor
ListingNasdaq: NNE
Rated up to 45 MWt.
No executed or announced megawatts on record
One gigawatt is 67 × 15 MWe units. No megawatts rest on an executed action yet.
Why this company is on the board: NRC accepted the KRONOS construction-permit application for the University of Illinois site. Source ↗
Funding
Three frames, never added together.
Awarded
Federal awards and cost share. A ceiling, not cash received.
- 2025-09~$1.25M AFWERX Direct-to-Phase-II contract, a feasibility study rather than a unit orderFederal award · U.S. Air ForceSource ↗
Borrowed
Debt, repayable. Never counted as a raise, federal or private.
No borrowed money on record.
Filed, not raised
A registration filed with the SEC. The filing itself raises nothing.
No filed, not raised money on record.
Cash on hand
A balance, not a raise. Reported by the company at a stated date.
- 2026-03-31$568.7M cash and short-term investmentsSource ↗
Licensing
Applications, permits and authorizations, naming the authority in each case.
- 2026-05NRC formally accepted the KRONOS construction-permit application for full review, an estimated 12-month clockPermit / authorization · Company-reportedSource ↗
- 2026-03The University of Illinois, with NANO Nuclear, submitted a construction-permit application to the NRC for a KRONOS reactor on its campusPermit / authorization · Institution-reported · A non-power research reactor. Contributes 0 MWe.Source ↗
Physical progress
Work at a site. Criticalities are proof the physics works, not electricity.
Nothing on record in this lane as of 2026-08-06.
Program selections and agreements
Being chosen for a program, or signing one. Neither is a permit nor work at a site.
Nothing on record in this lane as of 2026-08-06.
Design proof outside the U.S.
Real progress on the same design abroad. Contributes 0 MWe to the U.S. race.
Nothing on record in this lane as of 2026-08-06.
Pipeline
Executed first. Announcements are labeled as announcements and never added to them.
Backed by an executed action
No executed megawatts on record as of 2026-08-06.
Announced, non-binding
No announced pipeline on record as of 2026-08-06.
Company-stated targets
What the company says, printed beside what a regulator has documented. The site never averages a target into a prediction.
- Stated 2026-05Potential KRONOS construction start in the second half of 2027, after an estimated 12-month NRC review clockDocumented state today: No executed or announced megawatts on recordTarget source ↗
TechnologyHigh-temperature gas-cooled microreactor
Reactor classesExperimental / unclassified · Microreactor
Tracked projects1
Highest deployment stage3 · Development
Primary sourceNRC KRONOS application record ↗