Digihost Technology and NANO Nuclear Energy Partner to Advance Carbon-Free Energy
MIAMI and NEW YORK, December 13, 2024 (GLOBE NEWSWIRE) – Digihost Technology Inc. and NANO Nuclear Energy Inc. have announced a strategic collaboration to advance the transition to carbon-free energy. The companies signed a Memorandum of Understanding (MOU) on December 12, 2024, to integrate clean energy solutions at Digihost’s 60-megawatt power plant in upstate New York.
This partnership will use NANO Nuclear’s advanced nuclear reactor technologies to provide sustainable energy for Digihost’s high-tech operations. These operations include AI-driven data centers and digital asset colocation programs. The non-binding MOU is the first step in a broader strategic relationship, positioning both companies at the forefront of renewable energy solutions.
The MOU establishes a framework to increase public understanding and community support for nuclear energy. Specifically, it promotes advanced nuclear technologies such as NANO Nuclear’s ‘ZEUS’ and ‘ODIN’ portable microreactors. These reactors are designed to provide consistent, carbon-neutral baseload energy. This collaboration marks a pivotal step towards zero-emission energy solutions for Digihost, by transitioning its existing power infrastructure to advanced nuclear energy. In the interim, NANO Nuclear will assist in optimizing Digihost’s existing gas power to ensure energy stability while nuclear deployment is in development.
As part of the collaboration, NANO Nuclear will provide its expertise to Digihost through consulting services. This support will aid in the planning and execution of the project. The services include regulatory advice, site assessment, roadmap development, and stakeholder engagement.
“The opportunity to collaborate with NANO Nuclear represents a bold move toward achieving our sustainability goals,” said Michel Amar, CEO of Digihost Technology. “By leveraging NANO Nuclear’s advanced nuclear reactor technology, we gain the potential ability to scale quickly across our existing power assets following successful initial deployment. This collaboration positions Digihost at the forefront of delivering reliable, modular baseline power, enabling the development of Tier III HPC data centers in locations previously deemed unfeasible. This strategic move also allows us to capitalize on the rapidly expanding Tier III data center market, further solidifying our leadership in the industry.”
The deployment of NANO Nuclear’s advanced nuclear reactor technology is expected to replace Digihost’s existing infrastructure. This will further Digihost’s commitment to carbon neutrality. It will also provide reliable baseload power for Digihost’s expanding data center operations. The project’s timeline aligns with NANO Nuclear’s expectations for licensing and deployment. Reactor integration within Digihost’s operations is targeted for 2031.
Before deployment, both companies will conduct a comprehensive site assessment of Digihost’s location. They will also initiate site preparations and develop a detailed, phased implementation strategy. The collaboration will focus on the design, construction, testing, and commissioning of an advanced microreactor power system. Additionally, both companies will work on regulatory and licensing activities.
“This MOU with Digihost highlights the demand for innovative, clean energy solutions. These solutions are required to meet the growing power demands of next-generation digital ecosystems,” said Jay Yu, Founder, Chairman, and President of NANO Nuclear. “We look forward to leveraging our consulting expertise to help position Digihost as an industry leader in adopting innovative and sustainable energy solutions and optimize its use of current energy solutions in the leadup to a wholesale overhaul of its energy sources, and to further exploring opportunities with Digihost .”
“We are excited to collaborate with Digihost to redefine energy solutions for high-tech industries,” said James Walker, Chief Executive Officer and Head of Reactor Development of NANO Nuclear Energy. “This MOU marks a significant step toward delivering carbon-free, scalable energy while ensuring operational reliability. It also allows us to refine and adapt our approach to addressing large-scale energy demands that were previously outside the focus of our microreactors, equipping us with invaluable insights and data to improve the scalability of our power systems and expand our range of solutions in the future.”
