NANO Nuclear, EHC Sign MOU to Deploy KRONOS MMR in UAE, Gulf

NANO Nuclear Energy Inc. signed a Memorandum of Understanding with EHC Investment L.L.C. to explore deployment pathways for its KRONOS MMR™ Energy System in the United Arab Emirates and select Gulf markets, the companies announced Feb. 24, 2026. The non-binding MOU frames a business-development phase to identify host sites, evaluate commercial agreements and assess supply-chain pathways that could lead to a formal joint venture after securing a first commercial project or order, the press release said.

Under the MOU, NANO Nuclear will work with EHC to identify and evaluate opportunities to enter and engage select regional markets, analyze ways to create a nuclear supply chain, and identify potential future commercial agreements with EHC or other third-party stakeholders, the Feb. 24 press materials state. The collaboration explicitly targets national and regional clean energy objectives and lists potential end users such as data centers, industrial facilities and other energy-intensive infrastructure in the UAE and wider Gulf region.

Technical and market positioning for KRONOS is described in the coverage accompanying the release. ExchangeMonitor reported that KRONOS is being developed as a portable, modular microreactor capable of producing up to 15 megawatts of electricity and 45 megawatts of thermal energy, and Marketscreener reposted NANO’s description of micro modular reactors as offering “a transformative solution to deliver reliable, carbon free power to critical infrastructure, including data centers and industrial ecosystems.” These performance figures and the “portable” descriptor come from ExchangeMonitor’s item summarizing the MOU.

NANO named its leadership on the announcement: James Walker is identified as CEO and Jay Yu as Founder and Chairman, while EHC’s managing director is named as Ali Al Gebely in press-release figure captions. In ExchangeMonitor’s reporting and the company materials, Walker said: “We are excited to explore the opportunities this MOU presents for both NANO Nuclear, the UAE and the Gulf region. We believe the KRONOS MMR™ is well suited to the region, offering scalable capacity to meet growing demand and providing a resilient source of clean energy for power-intensive applications and critical infrastructure.”

Markets-focused reposts captured market metadata alongside the corporate news. Marketscreener showed NANO trading under ticker NNE on NASDAQ with a snapshot price of 25.42 USD and an intraday change of +4.01%, and listed ISIN US63010H1086 as part of its item framing.

Sources diverge on details of EHC’s corporate lineage: NANO’s press release describes EHC Investment as “a diversified United Arab Emirates investment holding company based in Abu Dhabi,” while ExchangeMonitor reported that EHC has existed for more than 35 years and operates 12 subsidiaries, including EHC Energy. An additional brief supplied separately identifies EHC as a subsidiary of International Holding Company; that parentage is not stated in NANO’s press release and the accounts differ across outlets.

The announcement contains no timeline, regulatory commitments, cost or financing details and includes no EHC quote; it instead sets out a series of analyses and business-development steps aimed at establishing supply chains and identifying host sites in the UAE and select Gulf markets, with a formal joint venture to be pursued only after a first commercial project or order is secured.