Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 104

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 104
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 generation of nuclear solutions designed to
overcome traditional barriers to nuclear deployment.

The successful execution of our business model
depends on favorable regulatory environments, public acceptance of nuclear power, and continued policy support for advanced nuclear technologies.
Recently, in the United States and globally, governments have demonstrated increased support for next-generation nuclear technologies
through initiatives such as the Nuclear Regulatory Commission’s improved frameworks for reviewing innovative designs and the Department
of Energy’s programs supporting advanced reactor development. However, the regulatory and political landscape could shift at any
time due to factors beyond our control, including changes in administrations, public perception shifts following nuclear-related incidents,
or evolving energy priorities.

According the Department of Energy’s
Advanced Nuclear Liftoff Report, nuclear capacity has the potential to triple from 2024 to 2050. Several factors have contributed to
the renewed interest in nuclear energy. First, there is a strong desire to move from fossil fuels to carbon-free power sources. While
wind and solar power continue to gain in popularity, they remain not dispatchable (i.e. cannot be adjusted on demand by the operator
to match supply with electricity demand). Moreover, they have much larger space demands than would a modular nuclear reactor.

Microreactor deployment faces unique challenges
and opportunities compared to traditional nuclear plants and larger SMRs. While our SOLO reactor’s inherent safety features, small
footprint, and absence of an EPZ requirement position us favorably for widespread adoption, we must navigate complex regulatory pathways
that are still evolving for this new class of nuclear technology. Our ability to use commercially available LEU fuel provides a significant
advantage over competitors requiring HALEU. As SOLO can use both fuel types, it can be deployed at scale with existing licensed LEU fuel
while being ready to use HALEU when it will be commercially available.

Market adoption of
microreactor technologies like SOLO will depend on our ability to demonstrate safety, reliability, and economic competitiveness
against both traditional energy sources and other emerging technologies. The current market shift toward distributed energy
resources and increasing demand for reliable, carbon-free power in applications ranging from data centers to remote industrial
operations presents significant opportunities for our technology. However, public perception about nuclear energy, local community
reaction to the installation of nuclear reactors, delays in regulatory approvals, or changes in energy economics could impact the
pace of adoption and our overall business performance.

As we work toward commercializing our SOLO
reactor, our performance will depend in part on factors affecting the broader nuclear industry and