Terra Innovatum Srl, a developer of micro-modular nuclear reactors, has announced a proposed business combination with GSR III Acquisition Corp., a special purpose acquisition company. This transaction is expected to accelerate Terra Innovatum's mission to deliver zero-carbon, cost-efficient, and reliable power through its SOLO™ Micro-Modular Reactor technology. The partnership aims to support the deployment of advanced nuclear solutions, enhancing Terra Innovatum's ability to address global energy shortages. The transaction is positioned to bolster Terra Innovatum's growth and expansion efforts as it looks towards its targeted first commercial deployment in 2028.
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