NANO Nuclear and Hyundai Engineering to deploy 15 MW KRONOS MMR in US

NANO Nuclear Energy has partnered with South Korea's Hyundai Engineering to plan deployment of its 15-MWe KRONOS MMR microreactor at the University of Illinois Urbana-Champaign. The non-exclusive agreement sets a framework for binding engineering, procurement and construction contracts as the project clears NRC licensing.

• KRONOS MMR microreactor has a 15-MWe output
• NRC accepted the construction permit application for review in 2026
• Hyundai Engineering could take over full EPC work under future contracts
• Agreement is non-exclusive and carries no direct construction funding