Terra Innovatum Partners with Conuar for SOLO Micro-Modular Reactor Components

Terra Innovatum Srl, a developer of micro-modular nuclear reactors, and GSR III Acquisition Corp. (Nasdaq: GSRT), a publicly traded special purpose acquisition company, announced that Terra Innovatum has signed a memorandum of understanding with Conuar, a globally recognized international component manufacturer and fuel supplier, for the supply of critical components to be used in the production of Terra Innovatum’s SOLO micro-modular nuclear reactor. Alessandro Petruzzi, CEO of Terra Innovatum, stated, "We are excited to partner with Conuar as a key supplier for our first-of-a-kind SOLO and beyond. With more than 40 years of expertise in fuel production and component manufacturing, Conuar has been central to powering Latin America’s nuclear sector. This partnership not only strengthens SOLO’s global supply chain but also marks a strategic entry into the Latin American market- one of the most important growth regions for the future of nuclear energy."

Giordano Morichi, Partner, Chief Business Development Officer & Investor Relations, emphasized the strategic implications: "Terra Innovatum is propelling the development of a truly global supply chain and deployment strategy for SOLO, ensuring resilience and reach across multiple continents. This positions us to bring affordable, zero-carbon, non-proliferant and reliable energy to emerging markets, extending access to regions where infrastructure is limited or non-existent. With SOLO’s off-grid, behind-the-meter capabilities, we can deliver power directly to communities and industries without requiring large-scale investments in new infrastructure." Rodolfo Kramer, CEO of Conuar, added, "This agreement with Terra Innovatum marks a milestone in international cooperation for the development of advanced nuclear technologies. The SOLO reactor embodies innovation and the future, and at Conuar, we are proud to contribute our industrial expertise and technical know-how to make it a reality. Bringing together Terra Innovatum’s innovative vision with Conuar’s proven capabilities is a unique opportunity to accelerate safe, clean, and sustainable energy solutions that will benefit future generations."

Under the MOU, Terra Innovatum and Conuar will conduct pilot programs to evaluate the scope and pricing for Conuar to supply coolant tubs and plates, control rod mechanisms, fuel rods, and stainless steel and special alloy components. Additionally, the companies will collaborate on and consider opportunities to develop a manufacturing and assembly hub in South America to increase production capabilities and better serve local customers over time. Conuar is a leading nuclear development and high-precision technology manufacturer that has been serving the nuclear industry for over 40 years. The company specializes in fuel supply and component manufacturing and has produced 100% of the nuclear fuel used by Argentina. Conuar engineers and integrates critical components with specialized engineering, advanced manufacturing, and strict adherence to international standards in demanding environments, and produces seamless tubes of high alloys for nuclear industry.

It is anticipated that SOLO will be available globally within the next three years. Conceptualized in 2018 and engineered over six years by experts in nuclear safety, licensing, innovation, and R&D, SOLO addresses pressing global energy demands with a market-ready solution. Built from readily available commercial off-the-shelf components, the proven licensing path for SOLO enables rapid deployment and minimizes supply chain risks, ensuring final cost predictability. Designed to adapt with evolving fuel options, SOLO supports both LEU+ and HALEU, offering a platform ready to transition to future fuel supplies. SOLO will offer a wide range of versatile applications, providing CO2-free, behind-the-meter, and off-grid power solutions for data centers, mini-grids serving remote towns and villages, and large-scale industrial operations in hard-to-abate sectors like cement production, oil and gas, steel manufacturing, and mining. To learn more, visit https://www.terrainnovatum.com.