Announced
Synopsis
Terra Innovatum, a developer of micro-modular nuclear reactors, agreed to go public via SPAC merger with GSR III Acquisition, a publicly traded special purpose acquisition company, in a $475m deal. "We are excited to take Terra Innovatum public, which will mark a major milestone in our mission to make nuclear power simple, safe, and scalable. Our reactor, SOLO™, aims to bring low cost, off-grid, zero-carbon power to industrial, remote, and high-demand sectors. With 1 MWe at a time for a single SOLO unit, we can leverage our modularity to power up to one GWe with a lower footprint of a similar GWe plant. Backed by strong leadership and GSRT's support, we're ready to accelerate deployment and reshape the future of clean energy." Alessandro Petruzzi, Terra Innovatum Co-Founder & CEO
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