Jay Yu, president and executive chairman of Nano Nuclear Energy (NNE), returns to Next Gen Investing and explains how the company's Department of Energy voucher for its Kronos reactor is such a significant step in development. Jay later touches on the greater energy trade amid tensions in the Strait of Hormuz and the "X-factor" nuclear power presents not just to the world's AI buildout, but also in the final frontier.
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Questions asked in this interview
5
1:18What do you think has differentiated you from maybe your peers within the industry that are struggling to get to that point?
2:47I mean, what does that site really represent strategically?
3:52We've spent so much time talking about what can microreactors like this Kronos that you're describing, your product, do to help with that equation?
5:00And so how does tristructural isotropic fuel and passive helium cooling perhaps ease some of that risk?
Nano Nuclear Energy is making headlines after submitting a permit application for its Kronos Microreactor. So for more on what this means for energy and the future of nuclear power, we're now joined by Jay Yu, founder, executive chairman and president of Nano Nuclear Energy. Jay, so appreciate your time. Thank you so much for joining us today. Now, Nano Nuclear is making moves, being the first commercial microreactor developer to submit this construction permit application. So walk us through why this milestone was so significant.
Yeah, this is a very critical milestone here because it's thousands of pages of technical work, thousands of hours, engagement with the US regulatory bodies. And it's essentially one of those milestones that, you know, you go from a paper reactor to now a real life reactor, essentially. So, you know, we've conditioned this for a 12-month review, meaning that in a year we could be potentially pouring concrete and steel. Right? So that is now Nano Nuclear Kronos MMR coming to life. And that's why it's really important.
And I guess you've kind of described it as that phase being deployment-ready. You're just waiting for approvals. You're ready to, you know, put shovel to dirt as they say, I guess. What do you think has differentiated you from maybe your peers within the industry that are struggling to get to that point?
I think, you know, there's a historic, I would say, data points for high-temperature reactors. And that's what our Kronos Micro Modular Reactor is, is a high-temperature reactor. And now you complement that with TRISO fuel, which has been funded by the Department of Energy to the tune of billions of dollars. So you kind of merge the new generation of fuel technology with now historic data points with high-temperature reactors. So you kind of combine this and you have something that the NRC, or the Nuclear Regulatory Commission, is comfortable with. This is not novel stuff that they've never seen before. So I think our approach has been to simplify this, to make sure that it's off-the-shelf components to an extent. And also, you know, we're able to actually build this right and mass-produce this in a modular fashion. We believe our Kronos MMR is the biggest you could build a reactor while keeping it modular, in terms of microreactor. So we're very pleased with the results so far.
Okay. And I do know that you had the first planned deployment, at least at the University of Illinois at Urbana-Champaign, which I will say is my alma mater. So I'm very excited to ask this question. I mean, what does that site really represent strategically?
Yeah, it shows that public and private relationship there. And it's, you know, many hours by the university and months and years to educate the public, to educate the campus, right? Like let's visualize this. You have dorm rooms that are going to be across the street from our reactor. So that shows you the safety profile of this reactor, that the actual nuclear engineering department and experts feel comfortable, that the safety measures are met, that there will be dorm rooms right across the street. So this is a huge moment also, because we'll be able to showcase a full-scale Kronos MMR to the world. And what that means is, you know, showcasing that to our commercial partners across the globe.
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Yu, J. (2026, April 9). Nano Nuclear Energy (NNE) President on Kronos Reactor Voucher, AI & Space Hopes [Interview transcript]. Schwab Network. CEOInterviews.AI. https://ceointerviews.ai/interview/1167790/
MLA
Jay Yu. "Nano Nuclear Energy (NNE) President on Kronos Reactor Voucher, AI & Space Hopes." Schwab Network, 9 Apr. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/1167790/.
BibTeX
@misc{yu2026_1167790,
author = {Jay Yu},
title = {Nano Nuclear Energy (NNE) President on Kronos Reactor Voucher, AI \& Space Hopes},
howpublished = {Interview transcript, Schwab Network. CEOInterviews.AI},
year = {2026},
month = {apr},
url = {https://ceointerviews.ai/interview/1167790/},
note = {Speaker-attributed transcript with timestamps}
}