New York Advances Zero-Emissions Energy Goals with SOLO™ Reactor

News Summary

Terra Innovatum Srl has proposed its SOLO™ micro-modular reactor to NYSERDA to support New York’s zero-emissions energy targets. The reactor, designed to operate for 15 years without refueling, utilizes low-enriched uranium fuel and compact dimensions, making it suitable for urban installations. CEO Alessandro Petruzzi highlighted its potential to deliver reliable, zero-carbon power for growing energy demands. With a goal for commercial deployment by 2028 and applications in medical fields, the SOLO™ reactor aligns with New York’s commitment to a zero-emissions electricity sector by 2040.

New York Advances Zero-Emissions Energy Goals with SOLO™ Micro-Modular Reactor Proposal

Terra Innovatum Srl has taken a significant step toward supporting New York’s zero-emissions energy objectives by submitting a proposal to the New York State Energy Research and Development Authority (NYSERDA) in response to its Advanced Nuclear Request for Information (RFI). The company’s plan includes the selection of a test site for its innovative SOLO™ micro-modular reactor, which is designed to operate continuously for 15 years without refueling.

The SOLO™ reactor stands out due to its low-enriched uranium (LEU) fuel and reliance on commercially available components, making it a viable option for diverse energy needs. Its compact dimensions of approximately 30 ft by 30 ft allow for installation without requiring extensive emergency planning zones, which is especially advantageous for urban centers and critical infrastructure.

Alessandro Petruzzi, CEO of Terra Innovatum, emphasized the reactor’s potential to deliver reliable, zero-carbon power to meet the increasing electricity demands from areas such as artificial intelligence, data centers, and industrial manufacturing. He noted that this could be achieved without stressing the existing electrical grid.

Key Features of the SOLO™ Reactor

The SOLO™ reactor offers a range of features designed to enhance energy efficiency and safety. With a low-cost design and the capability for continuous power output, it is expected to play a crucial role in various applications, including energy for industrial hubs, manufacturing sites, and transit systems. The reactor also utilizes a passive safety system and employs helium for cooling, mitigating risks that typically come with water cooling systems, such as hydrogen generation or explosion.

Partner Giordano Morichi suggested that the SOLO™ reactor could position New York as a leader in advanced nuclear technologies, supporting local energy independence and enhancing energy security. The ability of SOLO™ reactors to support local energy systems could provide crucial benefits to both urban and rural communities, potentially revitalizing underserved areas by offering clean and reliable energy solutions.

Deployment Timeline and Future Applications

Terra Innovatum has outlined its intention to accelerate the deployment of SOLO™ reactors through a proposed business combination with GSR III Acquisition Corp. The company is aiming for its first commercial deployment of the SOLO™ reactor by 2028, following discussions with the U.S. Nuclear Regulatory Commission. Additionally, the reactor is expected to be globally available within the next three years as part of its commercialization strategy.

In addition to providing energy, the SOLO™ reactor has potential applications in the medical field, including the production of radioisotopes for oncology research and cancer treatment.

Background on New York’s Energy Goals

The New York State Energy Research and Development Authority is actively pursuing innovative nuclear solutions as part of its commitment to achieving a zero-emissions electricity sector by 2040. As the demand for energy continues to grow in tandem with technological advancements, the SOLO™ reactor represents a promising alternative that aligns with these ambitious energy goals.

By proposing a reactor that can contribute to both stability and sustainability in New York’s energy landscape, Terra Innovatum is positioning itself as a key player in the future of clean energy in the state. The SOLO™ micro-modular reactor is designed with built-in regulatory compliance, utilizing components that have been tested in the industry for over 60 years, which helps in reducing the complexity of construction timelines and regulatory risks.

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