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NEW YORK/AUSTIN - Terra Innovatum Srl, a developer of micro-modular nuclear reactors, and GSR III Acquisition Corp. (NASDAQ:GSRT), currently valued at $302.81 million, announced Tuesday they have signed a memorandum of understanding with RAIT 88 Srl, an Italian defense engineering center. According to InvestingPro data, GSRT trades at a P/E ratio of 53.66, reflecting market expectations for its innovative nuclear technology ventures.
The agreement establishes collaboration to commercialize Terra Innovatum’s SOLO micro-modular reactor as an energy solution for defense and civilian applications across NATO and allied nations. While GSRT’s stock currently trades near its 52-week low of $9.86, analysts maintain optimistic price targets between $19-20, suggesting significant potential upside from current levels.
RAIT 88, recognized for expertise in engineering, robotics, and artificial intelligence, will help advance the deployment of the SOLO reactor platform through integration of advanced simulation technologies.
"This agreement marks a pivotal step in our strategy to deliver advanced nuclear energy to some of the most demanding environments on the planet," said Alessandro Petruzzi, Co-Founder and CEO of Terra Innovatum, according to the press release.
The partnership aims to create interactive training programs for reactor operators and safety personnel that meet international nuclear regulatory standards. Both companies plan to align deployment timelines with priority to allied nation projects.
Terra Innovatum’s SOLO reactor is designed to provide 1 MWe of power and can be scaled to deliver up to 1GW. The company states the reactor uses low-enriched uranium fuel with 4.95% enrichment and is built from commercially available components.
According to the companies, early-stage integration testing is expected to begin in the coming months. The announcement indicates Terra Innovatum is engaged in commercial negotiations for projects across Europe and Asia that could potentially total more than 1 GWe of capacity.
The companies anticipate presenting joint progress at upcoming international defense and energy forums. The information was provided in a company press release.
In other recent news, GSR III Acquisition Corp. is in the process of acquiring Terra Innovatum, which will eventually trade under a new ticker once the transaction is completed. Roth/MKM initiated a Buy rating for GSR III Acquisition Corp., setting a price target of $20. This acquisition is further supported by Benchmark, which reiterated its Buy rating and maintained a $19 price target. The positive outlook from Benchmark is attributed to Terra Innovatum’s memorandum of understanding with ATB Riva Calzoni for developing the SOLO micro-reactor.
Additionally, Terra Innovatum has made progress in the regulatory process for its SOLO Micro-Modular Reactor. The company has submitted its Regulatory Engagement Plan to the U.S. Nuclear Regulatory Commission, establishing a framework for licensing. Several technical documents are currently under review by the NRC. These recent developments highlight ongoing advancements in Terra Innovatum’s strategic initiatives.
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