Core Insights - Terra Innovatum has signed a Memorandum of Understanding with Rock City Admiral Parkway Development to establish the first deployment site for its SOLO™ micro-modular reactor in Illinois [1][5][6] - The SOLO™ reactor aims to provide clean and reliable power to Rock City's industrial, logistics, food distribution, and government clients, with the potential to deploy up to 50 reactors delivering a total of 50 MWe [1][5][6] - The partnership positions Terra Innovatum within Illinois's nuclear ecosystem, facilitating collaboration and access to talent and funding opportunities [6][9] Company Overview - Terra Innovatum is focused on making nuclear power accessible through scalable and deployable micro-reactor solutions, specifically the SOLO™ Micro-Modular Reactor [8][9] - The SOLO™ reactor is designed to address global energy shortages and is built from readily available commercial components, ensuring rapid deployment and cost predictability [10][11] - The reactor can provide CO2-free power for various applications, including data centers, industrial operations, and medical sectors, with a modular design that allows for scalability [11][10] Strategic Importance - The agreement with Rock City is seen as a critical milestone for the regulatory and commercial advancement of the SOLO™ reactor, emphasizing its design for commercial scale rather than just research [4][6] - The deployment site will enable Terra Innovatum to supply power under a 15-year term, with an option to extend operations up to 45 years, ensuring long-term energy continuity [6][5] - The partnership is expected to enhance the commercialization of SOLO™ reactors, meeting the energy needs of the community and positioning the company for future growth [6][9]
GSR III Acquisition Corp. and Terra Innovatum Announce MOU for First-of-a-Kind SOLO Deployment Site at Rock City Development’s Industrial Park, with Future Option to Deploy 50 SOLO Reactors On-Site for Commercial Expansion