Terra Innovatum
Terra Innovatum develops the SOLO Micro-Modular Nuclear Reactor, a 1 MWe factory-built helium-cooled unit targeting 2028 commercial deployment for data centers, industrial sites, and remote applications; it is publicly traded on Nasdaq (NKLR) and pre-revenue.
- Company typePublic
- Founded2018
- HeadquartersLucca, Italy
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What Terra Innovatum does
Terra Innovatum is an Italian-headquartered, Netherlands-domiciled nuclear technology company that has developed the SOLO Micro-Modular Reactor (MMR), a 1 MWe / 5 MWth thermally-moderated, helium-cooled reactor housed in a 10x10m factory-built cube weighing under 60 tonnes. Its design uses standard-enrichment (below 5%) U235 fuel with Zircaloy-clad UO2 pellets, operates autonomously for 15 years without refueling, and is engineered so that no emergency planning zone extends beyond its 2.5-metre concrete biological shield — a claim that, if validated by regulators, would materially reduce siting friction relative to conventional nuclear. The company plans to scale output to 1.25 MWe per unit through a supercritical CO2 power conversion partnership with Baker Hughes, and offer multi-unit configurations (SOLO Nodes) up to 100 MWe.
The company became publicly traded on Nasdaq (ticker NKLR) in October 2025 following a SPAC business combination with GSR III Acquisition Corp., which delivered $130 million in proceeds at a $475 million pre-money valuation. Terra Innovatum is pre-revenue and targets first-of-a-kind deployment in 2027 at Rock City Industrial Park in Illinois, with commercial deployment planned for 2028 pending USNRC licensing. Its GTM is enterprise-direct, anchored by MOUs with Rock City (up to 50 reactors) and Uvation (pilot with 100 MWe expansion option for AI data centers), and supported by a wide supplier ecosystem — Mersen (graphite core), Boldrocchi (helium circulator), SPG Dry Cooling (air-cooled condenser), ATB Riva Calzoni (manufacturing), Paragon (I&C), Baker Hughes (power conversion), and Conuar (fuel/components).
Revenue mechanics are intended to combine direct reactor hardware sales, deployment/professional services for FOAK and commercial installations, and longer-term radioisotope production leveraging the same reactor platform. The company lists ~1–10 employees and operates from Lucca (HQ and manufacturing), Pittsburgh (US operations), and New York (business development and investor relations). As of late 2025/early 2026 it held over $100 million in cash but carried a 0.49 current ratio, received Nasdaq deficiency notices for delayed 10-Q and 10-K filings, and changed auditors from MaloneBailey (which had issued a going-concern explanatory paragraph) to KPMG. Its stock trades roughly 51–55% below its 52-week high.
Terra Innovatum firmographics
Firmographics- Name
- Terra Innovatum
- Legal name
- Terra Innovatum Global N.V.
- Website
- https://terrainnovatum.com
- Company type
- Public
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Terra Innovatum develops the SOLO Micro-Modular Nuclear Reactor, a 1 MWe factory-built helium-cooled unit targeting 2028 commercial deployment for data centers, industrial sites, and remote applications; it is publicly traded on Nasdaq (NKLR) and pre-revenue.
- Ownership category
- akta.pro rank
Terra Innovatum industry classification
Industry- Product category
- Micro-Modular Nuclear Reactor Manufacturing
- NAICS
- Nuclear Electric Power Generation (221113), Turbine and Turbine Generator Set Units Manufacturing (333611)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Gen IV / Advanced Reactor Systems (SFR, LFR, GFR, MSR, HTGR, Microreactors) (EUAKADAC)
- akta.pro secondary industries
- Small Modular Reactor (SMR) Platforms & Balance-of-Plant Integration (EUAKADAA), Reactor Monitoring, Diagnostics & Predictive Maintenance (Sensors, Digital Twin, PHM) (EUAKADAM), Reactor Protection, Safety Systems & Engineered Safeguards (ECCS, Containment Isolation) (EUAKADAI), Small Modular Reactor (SMR) Power Generation (EUACADAF)
Keywords
Where Terra Innovatum is headquartered
LocationHeadquarters
- HQ city
- Lucca
- HQ country
- Italy
- HQ region
- Europe
Offices4 records
Markets served
Terra Innovatum business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure
Revenue model
- SOLO Reactor Sales: Direct sale of SOLO micro-modular reactors to enterprise customers for behind-the-meter power generation. Each unit provides 1 MWe with options to scale to 25, 50, and 100 MWe configurations.
- Reactor Deployment Services: Engineering and deployment services for first-of-a-kind (FOAK) and commercial reactor installations, including site licensing and construction support.
- Radioisotope Production: Production of cancer-fighting medical isotopes using the SOLO reactor platform, targeting the projected $11.68 billion nuclear radioisotope market by 2030.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Multi-year contract | SOLO Core Reactor Unit - 1 MWe / 5 MWth |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels5 records
Terra Innovatum product offering
Product offeringCore offering
Terra Innovatum develops and manufactures the SOLO Micro-Modular Reactor (SMR/MMR), a factory-built, thermally-moderated, helium-cooled nuclear reactor delivering 1 MWe of electrical output (5 MWth) in a compact 10x10m cube form factor. The reactor uses standard LEU fuel (with optional HALEU core swap extending life to 45 years) and features passive safety design that eliminates the need for an emergency planning zone beyond the operational boundary. The company sells reactors, deployment services, and radioisotope production capabilities to enterprise customers in data centers, industrial, mining, healthcare, defense, and remote infrastructure sectors, with first-of-a-kind deployment targeted for 2027 and commercial deployment by 2028.
Product overview
Terra Innovatum offers the SOLO Micro-Modular Reactor as its core product, the world's first commercially deployable micro-modular nuclear reactor scheduled for 2028 deployment. The product portfolio consists of the base SOLO reactor unit (1 MWe/5 MWth with passive safety design), SOLO Nodes (scalable multi-reactor configurations from 25-100 MWe for large installations), and SOLO Load Coverage (storagepaired demand management for variable loads). The platform supports multiple fuel types (LEU, LEU+, HALEU) and targets diverse markets including data centers, remote communities, mining operations, healthcare facilities, and defense applications. Factory-built with off-the-shelf components, the SOLO system operates autonomously for 15 years without refueling, with optional core swap extending operation to 45 years.
Differentiator
Problem solved
Functional benefit
Brands
- SOLO: SOLO Micro-Modular Reactor (SMR/MMR) - A 1 MWe micro-modular nuclear reactor designed for scalable, safe, and environmentally conscious energy solutions. The reactor features a 10x10m cube form factor, operates for 15 years without refueling, and can be deployed for data centers, industrial facilities, remote communities, healthcare, and defense applications.
- SOLO Nodes
- SOLO Load Coverage
Products and services
- SOLO Micro-Modular Reactor The SOLO Micro-Modular Reactor is a thermally-moderated, helium-cooled nuclear reactor producing 1 MWe electrical output (up to 1.25 MWe with enhanced power conversion) and 5 MWth thermal output in a compact 10x10m cube form factor weighing under 60 tons. It is designed for autonomous operation with a 15-year fuel cycle using standard LEU (4.95%) fuel and optional core-swap extending operation to 45 years using HALEU fuel. Features passive safety that eliminates the emergency planning zone beyond the operational boundary, defined by a 2.5-meter concrete biological shield. Targeted at data centers, industrial facilities, remote communities, mining operations, healthcare, defense, and desalination applications requiring reliable 24/7 carbon-free behind-the-meter power.
- SOLO Nodes SOLO Nodes is a scalable architecture that enables SOLO reactor configurations of 25, 50, and 100 MWe by sharing power conversion and balance-of-plant systems across multiple reactor cores. Designed for large industrial customers and data center operators requiring megawatt-scale power capacity beyond the single 1 MWe unit.
- SOLO Load Coverage SOLO Load Coverage is a demand management concept that pairs the steady output of SOLO reactors with energy storage solutions to manage the rapid load swings typical of AI-powered data center operations.
- Reactor Deployment Services Professional engineering and deployment services for first-of-a-kind (FOAK) and commercial SOLO reactor installations, including site licensing support, construction oversight, and project execution for enterprise customers in industrial, data center, and infrastructure settings.
- Radioisotope Production Production of cancer-fighting medical isotopes using the SOLO reactor platform, targeting the projected $11.68 billion nuclear radioisotope market by 2030. Enables localized medical isotope production for hospitals, pharmaceutical manufacturers, and research facilities in regions with limited access to traditional isotope supply chains.
Quantifiable outcome
- 25% efficiency improvement: output increases from ~1 MWe to 1.25 MWe per unit
- +3 more outcomes
Companies that use Terra Innovatum
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles4 records
Terra Innovatum technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability7 records
Feature7 records
Terra Innovatum partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core, strategic and flagship.
- Baker HughescoreMemorandum of Understanding to evaluate supercritical CO2 power conversion solutions and advanced turbomachinery systems for the SOLO Micro-Modular Reactor. Partnership aims to increase electrical output from approximately 1 MWe to 1.25 MWe per unit (~25% efficiency improvement), enabling customers to achieve 5 MWe capacity using four reactors instead of five.
- SPG Dry CoolingcoreSupply agreement for Air-Cooled Condenser to support first-of-a-kind deployment of SOLO micro-modular reactor. Water-independent cooling technology removes primary siting constraint for energy infrastructure, enabling deployment across water-constrained and remote environments. Framework established for potential future collaboration using SPG Dry Cooling's standardized BoxAir solution for fleet-scale deployment.
- Sant'Anna School of Advanced StudiesstrategicCollaboration agreement to develop AI solutions for predictive and condition-based maintenance, robotic systems for non-destructive testing and inspection, and advanced structural modeling. Partnership aims to enhance system reliability and support Terra's goal of global modular nuclear reactor deployment within three years. Also explores robotic applications for decommissioning.
- MersencoreSuccessful production of graphite reactor core prototype for SOLO Micro-Modular Reactor, marking key step in manufacturing readiness for FOAK deployment targeted for 2027. Collaboration builds on previously announced agreement securing nuclear-grade graphite and critical materials for the SOLO reactor program.
- Uvation Inc.flagshipStrategic partnership for 1 MWe pilot nuclear reactor deployment with option to expand to 100 MWe to support next-generation AI and modular data center growth. Companies aim to address challenges related to reliable power supply for AI infrastructure with plans to scale across multiple US sites.
- ATB Riva CalzonicoreAgreement to establish manufacturing processes at ATB Riva Calzoni's Italy facility for early industrial production activities of SOLO micro-modular nuclear reactor. Collaboration aims to develop scalable, cost-efficient reactor production and accelerate commercial deployment for global markets.
- ParagonstrategicMemorandum of Understanding for collaboration on design integration and validation of instrumentation and control systems for the Solo microreactor, along with manufacturing support for global deployment.
- Rock City Development (Rock City Industrial Park)flagshipMOU for first-of-a-kind SOLO deployment site at Rock City's six-million square-foot industrial park in Valmeyer, Illinois. Grants Terra dedicated land for licensing, testing, and construction of first FOAK reactor with option to subsequently deploy up to 50 reactors on site delivering up to 50 MWe.
- ConuarcoreMOU signed with Conuar, an Argentinean leading nuclear systems and fuel supplier, to secure critical components for SOLO reactor including cooling and fuel components required for industrial production.
Scale indicators9 records
Recent moves7 records
Expansion highlights7 records
Terra Innovatum competitors and assessment
Company assessmentOthers
- Baker Hughes: Baker Hughes is a strategic technology partner (not a competitor), supplying supercritical CO2 turbomachinery for SOLO's power conversion system; included as an ecosystem participant given its critical role in Terra's 25% output enhancement roadmap.
Direct peers
- Oklo: Oklo is a publicly traded microreactor company developing compact fast reactors for behind-the-meter power at industrial and data-center sites; its product form factor, customer segments, and regulatory pathway are highly comparable to Terra Innovatum's SOLO.
- Last Energy: Last Energy is a U.S.-based microreactor developer pursuing a small, factory-built, behind-the-meter nuclear reactor targeting industrial and commercial customers in Europe and North America — closely aligned with Terra Innovatum's SOLO product, customer profile, and deployment model.
- Ultra Safe Nuclear Corporation (USNC): USNC develops micro modular reactors (MMR) using HTGR technology with high-temperature gas cooling and TRISO fuel, pursuing distributed power and radioisotope production — a direct technical and commercial peer to Terra Innovatum's helium-cooled SOLO platform.
- X-Energy: X-Energy is developing the Xe-100 high-temperature gas-cooled SMR (TRISO fuel, helium coolant) for industrial and data-center customers with anchor offtake partners; closely comparable technology class to SOLO and a direct competitor for the same AI-driven distributed power customers.
- Kairos Power: Kairos Power is developing fluoride-salt-cooled high-temperature reactors (KP-FHR) in a microreactor form factor for behind-the-meter and remote applications; comparable as a small, advanced reactor developer pursuing NRC licensing and commercial deployment within a similar timeframe.
- Westinghouse Electric Company (eVinci microreactor): Westinghouse's eVinci is a factory-built, transportable microreactor (~5 MWe class) targeting remote communities, industrial sites, and distributed power — directly comparable to SOLO in scale, application, and licensing approach.
Broad incumbents
- Holtec International (SMR-160): Holtec is developing the SMR-160, a 160 MWe light-water SMR targeting industrial and utility customers; a broader but adjacent competitor in the small modular nuclear space pursuing similar siting flexibility and NRC licensing pathways.
- NuScale Power: NuScale is the most advanced publicly traded SMR developer with NRC design certification for its small light-water reactor; while larger and water-cooled (versus Terra's helium microreactor), it is a benchmark for commercial SMR deployment pathways and competing for the same distributed power customers.
- Rolls-Royce SMR: Rolls-Royce SMR is developing a 470 MWe factory-built SMR for utility-scale deployment in the UK and internationally; a broader incumbent competitor that benefits from Rolls-Royce's nuclear-grade manufacturing base and could compete with Terra for international deployments.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Terra Innovatum social profiles
Digital presenceTerra Innovatum financial estimates
Financial estimateRevenue estimate
Valuation estimate
Terra Innovatum leadership team
Management profileNumber of profiles
Profiles7 records
Terra Innovatum subsidiaries and ownership
Company hierarchySubsidiaries1 record
Terra Innovatum funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Terra Innovatum M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Terra Innovatum
What does Terra Innovatum do?
Terra Innovatum develops and manufactures the SOLO Micro-Modular Reactor (SMR/MMR), a factory-built, thermally-moderated, helium-cooled nuclear reactor delivering 1 MWe of electrical output (5 MWth) in a compact 10x10m cube form factor. The reactor uses standard LEU fuel (with optional HALEU core swap extending life to 45 years) and features passive safety design that eliminates the need for an emergency planning zone beyond the operational boundary. The company sells reactors, deployment services, and radioisotope production capabilities to enterprise customers in data centers, industrial, mining, healthcare, defense, and remote infrastructure sectors, with first-of-a-kind deployment targeted for 2027 and commercial deployment by 2028.
Is Terra Innovatum a public or private company?
Terra Innovatum is a public company. It is classified as public and is currently operating.
When was Terra Innovatum founded?
Terra Innovatum was founded in 2018. It employs 1 to 10 people.
Where is Terra Innovatum based?
Terra Innovatum is headquartered in Lucca, Italy, in the Europe region.
How does Terra Innovatum make money?
Three revenue lines are on record. SOLO Reactor Sales are the primary driver. The others are reactor Deployment Services and radioisotope Production.
Who are Terra Innovatum's main competitors?
Baker Hughes is listed as an others. Direct peers are Oklo, Last Energy, Ultra Safe Nuclear Corporation (USNC), X-Energy, Kairos Power and Westinghouse Electric Company (eVinci microreactor). Broad incumbents are Holtec International (SMR-160), NuScale Power and Rolls-Royce SMR.
Does Terra Innovatum have an API?
No public API is recorded for Terra Innovatum.
What industry is Terra Innovatum in?
Terra Innovatum's product category is Micro-Modular Nuclear Reactor Manufacturing. Its primary akta.pro industry code is EUAKADAC, Gen IV / Advanced Reactor Systems (SFR, LFR, GFR, MSR, HTGR, Microreactors), with a secondary code of EUAKADAA, Small Modular Reactor (SMR) Platforms & Balance-of-Plant Integration. Its NAICS code is 221113 and its SIC code is 4991.