Company: NKLR
Filing Date: 2025-08-01
Form Type: S-4/A
Source: 0001213900-25-070223
Chunk: 211

Company: Terra Innovatum Global N.V.
Filing Date: 2025-08-01
Form: S-4/A
Chunk 211
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 1 MWe SOLO nuclear reactor are subject to change based upon how Terra Innovatum’s business develops and such changes may be significant and differ materially from those estimates provided herein. The unit economics of the 1 MWe SOLO nuclear reactor assume all regulatory approvals have been obtained on expected timelines. The regulatory process, including necessary NRC approvals and licensing, is a lengthy, complex process and projected timelines could vary materially from the actual time necessary to obtain all the required approvals. In addition to the Unit Economics depicted above, Terra Innovatum also provided to GSR III an illustrative schedule, which was the best estimate of a modest ramp -upof sales of Terra Innovatum’s standard 1 MWe SOLO nuclear reactors over a ten -yearperiod. The illustrative schedule included target deployment estimates beginning in Year 0. In Year1, the number of 1 MWe SOLO nuclear reactors expected to reach deployment is 4. In Year2, the number expected to reach deployment is 10. In Year3, the number expected to reach deployment is 50. In Year4, the number expected to reach deployment is 150. In Year5, the number expected to reach deployment is 1,000. In Year6, the number expected to reach deployment is 4,800. In Year7, the number expected to reach deployment is 10,000. The material assumptions underlying the estimated timeline for deployment are as follows: Sales Projections Basis of Projections: Production-Limited Growth Our sales projections are fundamentally based on our production and operational ramp -upcapabilities, rather than being constrained by market demand. Extensive market analysis, including primary discussions with potential customers and secondary research, indicates a total addressable market in excess of 1.5million reactors worldwide. For example, in its 2024 report on the status of renewable energy, the International Energy Agency estimates that 5.5TW of new renewable energy production will be needed and installed by 2030, this corresponds to a total addressable market of 5.5M reactors. This substantial demand effectively means our growth trajectory in the foreseeable future will be dictated by our ability to manufacture, deliver, and commission our reactors. 85 Year 1: Initial Market Seeding For the first year of operations, we project the sale and deployment of four reactors. This initial forecast is grounded in substantive discussions with potential early -adopterclients. While we have received significant interest from a broad range of customers, we also recognize a common reluctance to be the