Terra Innovatum Global N.V. (NASDAQ:NKLR) announced on March 30 that nuclear industry veteran Kathy Williams has been appointed Chief Financial Officer. Williams, who previously served as Chairman of the Board, will now move into the CFO position as the company advances toward commercial deployment of its micro-reactor technology.
Williams brings more than four decades of experience in the nuclear sector, having held senior leadership roles including Chief Financial Officer and Chief Executive Officer at AREVA, as well as executive positions at Framatome. Her appointment comes as Terra Innovatum moves closer to submitting its Construction Permit Application to the U.S. Nuclear Regulatory Commission.
Mike Howard, the former Chief Executive Officer of the Electric Power Research Institute, will take over as Chairman of the Board following Williams’ transition. The company also acknowledged the contributions of former CFO Guillaume Moyen during Terra Innovatum’s earlier development phase.
Terra Innovatum is developing the SOLO Micro-Modular Reactor, which the company says will produce 1 megawatt of electricity. The reactor is designed to operate using both low-enriched uranium and high-assay low-enriched uranium fuel.
“We are entering a critical phase where execution and scale matter most,” said Alessandro Petruzzi, Co-Founder and CEO of Terra Innovatum. “Kathy’s experience leading financial and operational strategy at some of the world’s most important nuclear organizations strengthens our ability to deliver on our deployment roadmap.”
The company is targeting a range of use cases for the reactor, including powering data centers, remote communities, and industrial facilities. According to Terra Innovatum, the SOLO reactor could become available globally within the next three years.