New York, N.Y., Feb. 24, 2026 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear micro modular reactor (MMR) and technology company focused on developing clean energy solutions, today announced that it has signed a Memorandum of Understanding (MOU) with EHC Investment L.L.C. (EHC), a diversified United Arab Emirates (UAE) investment holding company based in Abu Dhabi, to explore a joint venture aimed at deploying micro modular reactors, notably NANO Nuclear’s KRONOS MMR™ Energy System, and necessary supply chains in the UAE.
Figure 1 – NANO Nuclear Energy Inc. Signs a Memorandum of Understanding (MOU) with EHC Investment L.L.C (EHC) to Support the Advancement of the KRONOS MMR™ Energy System in the UAE and Select Markets within the Gulf region. Ali Al Gebely, Managing Director of EHC Investment and Jay Yu, Founder and Chairman of NANO Nuclear Energy.
It is anticipated that the parties will seek to enter into a formal joint venture following the successful securing of a first commercial project or order. NANO Nuclear and EHC will also explore the future potential for deploying KRONOS MMR™ reactors in select markets across the wider Gulf region.
EHC is a holding company built on over 35 years of proven success with its leadership and 12 subsidiaries. Committed to long-term stability and growth, EHC is shaping a resilient portfolio to create lasting impact for shareholders and drive a brighter, more innovative future. An EHC subsidiary, EHC Energy, is a leading force in the UAE’s energy sector, delivering comprehensive solutions in gas contracting, distribution, trading, operations, and maintenance. With a legacy of over three decades, EHC Energy has played a pivotal role in advancing the UAE’s energy infrastructure, contributing significantly to the nation’s economic growth and urban development.
Figure 2 – NANO Nuclear Energy Inc. Signs a Memorandum of Understanding (MOU) with EHC Investment L.L.C (EHC) to Support the Advancement of the KRONOS MMR™ Energy System in the UAE and Select Markets within the Gulf region. Ali Al Gebely, Managing Director of EHC Investment and James Walker, CEO of NANO Nuclear Energy.
Ali Al Gebely, Managing Director of EHC, stated “This collaboration reflects our long-term commitment to positioning the UAE at the forefront of next generation energy technologies. Micro modular reactors offer a transformative solution to deliver reliable, carbon free power to critical infrastructure, including data centers and industrial ecosystems. Through our collaboration with NANO Nuclear, we aim to enable scalable nuclear deployment, strengthen national energy resilience, and contribute meaningfully to the UAE’s clean energy and advanced technology leadership ambitions.”
Moustafa Rashad, Chief Executive Officer of EHC, highlighted that EHC’s collaboration with NANO Nuclear represents a strategic step as part of EHC’s energy vertical vision to pioneer advanced energy technologies and develop next-generation platforms that support industrial growth, digital infrastructure, and long-term energy security. Mr. Rashad stated “We will work closely with NANO Nuclear to evaluate deployment pathways, unlock commercial opportunities, and establish the ecosystem required to enable scalable micro modular reactor adoption in the UAE and across the Gulf region.”
As part of the MOU, NANO Nuclear will collaborate with EHC to identify and evaluate opportunities to enter and engage select regional markets, assess pathways for establishing a nuclear supply chain, and identify potential future commercial agreements with EHC or other third-party stakeholders. The collaboration will also explore opportunities to support national and regional clean energy objectives.
In parallel, NANO Nuclear, alongside EHC, will analyze potential end users and host sites for deployment of KRONOS MMR™ reactors, including industrial facilities, data centers, and other energy-intensive infrastructure. This work will include identifying relevant legal, policy, and regulatory frameworks, as well as key stakeholders and potential sources of financing and investment to support future project development.
NANO Nuclear intends to use the insights gained through this engagement to inform its decision-making in the region and support a disciplined, long-term, and responsible development approach.
“This Memorandum of Understanding represents an important first step for NANO Nuclear in the Gulf region and reflects our broader vision to develop modular, scalable, and reliable advanced nuclear energy technologies on a global basis,” said Jay Yu, Founder and Chairman of NANO Nuclear. “The steps we take in the coming months with EHC will help us better understand regional opportunities and align our objectives with those of local stakeholders. We anticipate that this engagement will lead to additional agreements and enable NANO Nuclear to take meaningful steps toward supporting the development of the Gulf region’s nuclear power capabilities. We look forward to building on this momentum and identifying further opportunities where our expertise can contribute to the revolving energy needs of the UAE and beyond.”
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