Company: NKLR
Filing Date: 2025-09-11
Form Type: S-4/A
Source: 0001213900-25-086741
Chunk: 219

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-11
Form: S-4/A
Chunk 219
---
, deployment and operation sector, in the SMR and MMR sector, in the energy generation transmission and distribution sector and in the uranium fuel cycle products and services sectors (mining, conversion, enrichment, fabrication and assembly, recycling, logistics). Secondary research also included a detailed market analysis per application and per sector allowing us to derive estimated number of SOLO required per customer depending on their sector of activity and technology maturity. The secondary research consisted notably in defining the serviceable markets based on the possibility to deploy and the speed of deployment depending on the international, regional and local regulatory and commercial environments. The assessment of the serviceable market allowed to quantify across various dimensions (sectors, sub -sectorsand geographies) the number of reactors we could also consider selling and deploy. Sensitivities were also applied to factor the level of acceptance of the nuclear industry at large and of SMRs/MMRs in different countries and different sectors. The logistical aspects associated 86 with the distribution, deployment and commissioning of SOLOs were also factored to define the ability to deploy SOLOs during the first years of operations in the different markets considered. Secondary research also assessed the commercial viability of SOLO compared to current and projected energy prices, deriving the markets, in terms of geography and sectors, where SOLO reactors can be competitive compared to current energy providers from the grid or alternative known SMR/MMR solutions. These market analysis has allowed to evaluate the conservative number of units which would need to be produced, delivered and commissioned after commercial licensing. These market analyses also allowed us to evaluate the number of commercial contracts customers could reasonably be expected to sign before and after the licensing process tentative completion. The analysis of the supply chain and early engagement with suppliers led to identify long lead time items which would need to be ordered several months before the reactor assembly. These analysis allowed to evaluate what would be the conservative production ramp -upTerra Innovatum and its contracted manufacturers would be able to achieve. Based on the current discussions with potential contract manufacturers in US and in Europe, we expect to have an annual capacity for 400 SOLOs. It is estimated to take approximately 2 years to increase the capacity to 800 – 1,000 units which could require co -investment. The schedule was provided to GSR III in the fourth quarter of 2024 to begin evaluating future orders with suppliers of key components that have long lead -times. The target deliveries included in the illustrative schedule assumed that regulatory permitting approvals have been obtained to permit construction and operation of the