Nano Nuclear Energy Inc. is a pioneering company focused on developing advanced nuclear energy solutions, particularly in the realm of small modular reactors and innovative nuclear technologies
The company aims to provide clean, safe, and efficient energy alternatives to meet the growing global demand for sustainable power. By leveraging cutting-edge research and engineering, Nano Nuclear Energy seeks to make nuclear energy more accessible and environmentally friendly, contributing to the transition towards renewable energy sources while ensuring energy security.
Operating losses widened to $3.92 million compared to $1.35 million in the same quarter a year ago. The company reported an earnings loss of $0.09, which was wider than the expected loss of $0.07, according to FinChat data.
Nano Nuclear founder and chairman Jay Yu said the inclusion will significantly enhance the firm’s visibility and accessibility among capital markets and institutional investors worldwide.
NANO Nuclear’s New York facility will be used to demonstrate the operation and viability of several non-nuclear parts and components of the company’s four nuclear microreactors in development.
PALM BEACH, Fla., Jan. 14, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The global carbon fiber market has been growing substantially in recent years and is poised to continue in the years to come. The carbon fiber market is driven by the material's advantageous properties and strong demand across diverse sectors. One significant driver is the growing need for lightweight and high-strength materials in the automotive and aerospace industries. Carbon fiber is renowned for its high strength-to-weight ratio, which makes it ideal for manufacturing lighter vehicles and aircraft. This results in increased fuel efficiency and reduced emissions, aligning with global efforts to meet sustainability goals and reduce environmental impact. In aerospace, the use of carbon fiber components contributes to reduced fuel consumption and enhanced aircraft performance, making it highly valued for modern aircraft and spacecraft design. A report from Grand View Research said that the global carbon fiber market size was estimated at USD $5.75 billion in 2024 and is projected to grow at a CAGR of 10.9% from 2025 to 2030. It continued: “This growth can be attributed to the rising use of carbon fiber in wind energy applications, driven by the global shift toward renewable energy. As countries aim to reduce their dependence on fossil fuels, the demand for wind turbines is increasing, and carbon fiber's strength and durability make it ideal for turbine blades. Carbon fiber allows for longer and more efficient blades that capture more wind energy, thus improving the efficiency of wind farms.” Active companies in news today include: KULR Technology Group, Inc. (NYSEKULR), NuScale Power Corporation NYSE: SMRNYSESMR)(NASDAQ: NNENASDAQNNE, Oklo Inc. (NYSE: OKLONYSE), NVIDIA Corporation (NASDAQ: NVDANVDA).
As the world transitions to cleaner and more sustainable energy solutions, nuclear power is experiencing a resurgence as a key player in the energy sector.
Nano Nuclear Energy Inc (NASDAQNNE) shares are trading higher Tuesday. The company announced a deal to acquire nuclear technology assets from Ultra Safe Nuclear Corporation.
