The U.S. Senate has passed the Accelerating Deployment of Versatile, Advanced Nuclear for Clean Energy (ADVANCE) Act of 2023, following approval from the House and awaiting President Biden’s signature. NANO Nuclear Energy Inc. (NASDAQ: NNE), a leading advanced nuclear energy company, has praised the bipartisan support for the bill. The Act aims to expedite the deployment of advanced nuclear energy in the country by providing funding and directives for new nuclear technologies. It also reduces regulatory costs for companies seeking government licenses for advanced nuclear reactors and authorizes investments to enhance domestic uranium enrichment capacity. This legislation is crucial for companies like NANO Nuclear, which is focused on developing cutting-edge portable micro nuclear reactors. The company’s Founder and Executive Chairman, Jay Yu, highlights the significance of the ADVANCE Act in fostering innovation and streamlining regulatory processes to accelerate the deployment of advanced nuclear reactors. NANO Nuclear is at the forefront of developing portable microreactors, including the “ZEUS” solid core battery reactor and “ODIN” low-pressure coolant reactor. The company’s subsidiaries, Advanced Fuel Transportation Inc. (AFT) and HALEU Energy Fuel Inc. (HEF), are also working towards providing commercial quantities of HALEU fuel and developing a domestic source for HALEU fuel fabrication. The passage of the ADVANCE Act signifies a major step towards revolutionizing the nuclear energy landscape in the U.S. and promoting sustainable energy solutions for the future.