Terra Innovatum Advances SOLO™ Construction Permit Application and Reactor Procurement, Reaffirms Fully Funded Path to 2027 First-Of-A-Kind Deployment
Globe Newswire•22/10/2026•09:17 ET
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Key Highlights
- ➤12 of 18 PSAR chapters shared with NRC; six targeted by October 30
- ➤$91.1 million cash and equivalents reported as of June 30, 2026
- ➤First SOLO reactor components procured or under procurement for 2027 deployment
- ➤Approximately 80% of anticipated suppliers identified and engaged
- ➤Company expects existing resources to fund first reactor without additional equity financing
Expert Statements
Alessandro Petruzzi, Co-Founder and Chief Executive Officer of Terra Innovatum
“With 12 of 18 planned PSAR chapters now shared with the NRC, we are approaching another important milestone in our licensing program. At the same time, we are translating years of engineering and design work into tangible industrial execution, with major equipment already under procurement and our manufacturing partners preparing for construction of our first reactor.”
Alessandro Petruzzi, Co-Founder and Chief Executive Officer of Terra Innovatum
“What is particularly important is that the equipment we are procuring is intended for our first deployed SOLO reactor, not for a prototype or experimental demonstration. We are advancing the actual systems and components required to build and operate our first unit. This reflects our confidence in the maturity of the design and our focus on moving directly toward deployment.”
Alessandro Petruzzi, Co-Founder and Chief Executive Officer of Terra Innovatum
“Equally important, we believe we have the financial resources necessary to execute our first-of-a-kind deployment plan without requiring additional equity financing. The combination of regulatory progress, active procurement of major reactor components, an established industrial supply chain and a funded deployment plan positions Terra Innovatum to remain focused on execution and achieving our 2027 deployment objective.”
Company shares 12 of 18 draft PSAR chapters with NRC for readiness review, targets remaining six by October 30
Major reactor components secured or under procurement as Company advances toward fully funded 2027 first-of-a-kind deployment
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