Terra Innovatum, the developer of micro-modular nuclear reactors preparing to go public through a merger with GSR III Acquisition Corp., told Investing.com that it has signed a memorandum of understanding with Conuar, an Argentinean leading nuclear systems and fuel supplier, to secure critical components for its SOLO reactor.
The agreement is said to cover cooling and fuel components required for the industrial production of SOLO, Terra Innovatum’s flagship micro-modular reactor.
The two companies will also explore establishing a supply chain hub and assembly lines in South America.
“We are excited to partner with Conuar as a key supplier for our first-of-a-kind SOLO and beyond,” Alessandro Petruzzi, CEO of Terra Innovatum, stated.
“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 and Chief Business Development Officer at Terra Innovatum, said the company is building “a truly global supply chain and deployment strategy for SOLO, ensuring resilience and reach across multiple continents.”
He added that the reactor’s “off-grid, behind-the-meter capabilities” will allow power delivery directly to communities and industries without major new infrastructure.
Conuar’s expertise is expected to help accelerate the deployment of safe, clean, and sustainable energy solutions. Conuar has supplied Argentina’s nuclear industry for more than four decades, including 100% of the country’s nuclear fuel.
The MOU also includes pilot programs to evaluate component supply and joint manufacturing opportunities in South America.
Source :
https://www.investing.com/news/stock-market-news/exclusive-terra-innovatum-signs-mou-with-conuar-ahead-of-spac-listing-4240221
