Nano Nuclear Energy said it has been named a preferred provider of nuclear technology and services to IP3 and Cybernetic Intelligence under a letter of intent signed by the companies.

The three companies on Friday said the letter of intent establishes a framework to jointly pursue nuclear-powered artificial-intelligence, national-security and computing-infrastructure opportunities in the U.S. and select international markets.

The collaboration would aim to bring together the companies' complementary capabilities: Nano would offer advanced nuclear technology and fuel services; IP3 would provide project origination, development, financing and government engagement capabilities; and Cybernetic would contribute its knowledge of AI infrastructure and access to potential defense, intelligence and commercial customers.

Together, the companies said they intend to pursue an integrated development approach that connects advanced nuclear technology with identifiable energy demand, secure computing requirements, project development and potential access to capital.

"Advanced nuclear is moving beyond traditional power markets as AI, national security and other strategic industries seek secure, reliable and resilient sources of energy," Nano Chief Executive James Walker said, adding the collaboration will put Nano at the forefront of that emerging opportunity.

"By combining our reactor and fuel capabilities with IP3's relationships, project integrator and capital formation capabilities and Cybernetic Intelligence's expertise in sovereign AI, we have the opportunity to pursue projects where the need for advanced nuclear power is tied to identifiable demand," he said.