NANO Nuclear Energy Inc (NNE) saw its stock surge 5.61% in Friday's pre-market trading session, outperforming the broader market. The rally came after the company announced a partnership with Thermal Engineering International to collaborate on the development of NNE's nuclear microreactor.
According to the announcement, NNE, a specialist in small modular reactors for nuclear energy production, will work with Thermal Engineering to design and fabricate heat exchangers for its microreactor. Thermal Engineering is a supplier of heat-transfer technology to the electric power generation industry.
This partnership is seen as a positive step forward for NNE's nuclear microreactor project, which aims to provide a compact and efficient source of nuclear energy. The collaboration with an experienced heat transfer technology provider like Thermal Engineering is expected to help accelerate the development and potential commercialization of NNE's microreactor technology.
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