Terra Innovatum Srl, a developer of micro-modular nuclear reactors, and GSR III Acquisition Corp. (Nasdaq: GSRT) announced the signing of a memorandum of understanding with Conuar, a leading Argentine nuclear systems and fuel supplier. Under the MOU, Conuar will develop and supply critical cooling and fuel components for the industrial production of the SOLO micro-modular reactor. The collaboration also includes plans to establish a supply chain hub and assembly lines in South America to serve the regional market.
“We are excited to partner with Conuar as a key supplier for our first-of-a-kind SOLO and beyond,” said Alessandro Petruzzi, CEO of Terra Innovatum. “With more than 40 years of expertise in fuel production and component manufacturing, Conuar has been central to powering Latin America’s nuclear sector. This partnership not only strengthens SOLO’s global supply chain but also marks a strategic entry into the Latin American market—one of the most important growth regions for the future of nuclear energy.”
The MOU outlines pilot programs to evaluate the scope and pricing for Conuar to supply coolant tubes and plates, control rod mechanisms, fuel rods, and stainless steel and special alloy components. Additionally, the companies will collaborate on developing a manufacturing and assembly hub in South America to increase production capabilities and better serve local customers over time.
Giordano Morichi, Partner and Chief Business Development Officer of Terra Innovatum, stated: “Terra Innovatum is propelling the development of a truly global supply chain and deployment strategy for SOLO, ensuring resilience and reach across multiple continents. This positions us to bring affordable, zero-carbon, non-proliferant and reliable energy to emerging markets.”
Rodolfo Kramer, CEO of Conuar, added: “This agreement with Terra Innovatum marks a milestone in international cooperation for the development of advanced nuclear technologies. The SOLO reactor embodies innovation and the future, and at Conuar, we are proud to contribute our industrial expertise and technical know-how to make it a reality.”
Conuar has served the nuclear industry for over 40 years, producing 100% of the nuclear fuel used in Argentina. The company specializes in fuel supply and component manufacturing, engineering critical components with specialized engineering and advanced manufacturing.
Terra Innovatum’s SOLO micro-modular reactor is designed to deliver 1 MWe of power, scalable up to 1 GW or more, using commercially available components. It is expected to be available globally within the next three years. SOLO can provide CO2-free, behind-the-meter, and off-grid power for data centers, remote towns, industrial operations, and can also produce radioisotopes for medical applications. More information is available at www.terrainnovatum.com.
