NANO Down on Patent News
NANO Nuclear Energy Inc. (NASDAQ: NNE) shares dive into the red Friday. The leading advanced nuclear energy and technology company today announced that it has filed six new utility patent applications with the United States Patent and Trademark Office (USPTO) related to its ZEUS™ microreactor.
ZEUS™ is being designed as a solid core battery reactor with a fully sealed core that uses a highly conductive moderator matrix to dissipate fission heat. As designed, there is no fluid inside the core, which lowers the risk typically associated in core coolant accident scenarios.
The ZEUS™ design calls for all reactor and support systems to fit within a standard shipping container, creating the potential for exceptional transportability to sites lacking conventional energy infrastructure. The unit is also designed to deliver thermal energy directly for heat applications or convert it to electricity, making it adaptable for a wide range of needs, including district heating, power generation and non electric uses such as hydrogen production.
NNE shares dropped 87 cents, or 2.8%, to $30.27.