Company: NKLR
Filing Date: 2025-09-03
Form Type: S-4/A
Source: 0001213900-25-084087
Chunk: 217

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-03
Form: S-4/A
Chunk 217
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: Step-Change in Production Capacity A significant inflection in our production capacity is projected for Year5, with output expected to reach 1,000 reactors. This step -changeis predicated on the strategic expansion of our suppliers’ manufacturing infrastructure. To scale beyond the 150 -200annual reactor production level, our suppliers have indicated that they must undertake significant capital investments in new factories, supply chains, and logistical capabilities. Based on our discussions, key suppliers have indicated their willingness to commit to these investments following our first successful year of operations. These expansion projects have an estimated lead time of three years to become fully operational. Therefore, capital commitments made after Year 1 will result in newly expanded capacity coming online in time for Year 5. Thereafter, projected deployment numbers again reflect the continued operational ramp of our key suppliers. The number of reactors which could be sold over the years was assessed based on an evaluation of the demand in different sectors in the countries in which the reactor could be sold. Terra Innovatum performed customer interviews and secondary research to assess the total addressable market and the total serviceable market over the coming years. Customers interviewed notably included US and European mid to large companies operating in the logistics and storage sector, port operations sector, pulp and paper manufacturing sector, food manufacturing sector, digital and computing infrastructure providers sector (data center developers and operators, crypto mining), mining sector and electricity generation, transmission, and distribution sector. Secondary research included the review of reports on energy markets, electricity transmission and distribution, SMRs and MMRs applications. from international, regional and country level institutions including but not limited to the International Energy Agency, the International Atomic energy Agency, the US Department of Energy, the US Department of Defense, EU institutions (and more specifically Euratom), the Canadian Nuclear Laboratories, the Japan Atomic Energy Agency, the UK Department of Energy and Climate Change, the French Alternative Energies and Atomic Energy Commission (“Commissariat à l’énergie atomique et aux énergies alternatives”). Secondary research also included the inputs of private and public company data including the public information released by companies operating notably in the large reactors design, construction, 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