Emerald Horizon Ag · VIE:SMRX
Emerald Horizon — Pitch Deck (November 2025)
37 slides from Emerald Horizon's pitch deck, November 2025
Slide 1: The Neutron Factory based on CERN Technology
The Neutron Factory based on CERN Technology ENERGY STORAGE Proud member of ENERGY PRODUCTION
Slide 2: The Groundbreaking Innovations & Strong Partners
THE GROUNDBREAKING INNOVATIONS & STRONG PARTNERS ADVANCED NUCLEAR ENERGY TECH ADVANCED MOLTEN SALT STORAGE TECH Accelerator Driven Energy Source CALstore TRL 4.5 / 9 (NOT READY YET-> capital round) TRL 6.5 / 9 (NOT READY YET-> capital round) Proud member of 2
Slide 3: Brains Behind the Innovation
BRAINS BEHIND THE INNOVATION Proven Leaders and Scientific Pioneers Executive Team - Leaders with experience from the World Bank, the IMF, the Austrian National Bank, and PwC. Scientific Team -Experts in nuclear physics, mechanical engineering, medical technology, and industrial manufacturing.
Slide 4: Solving Problems with High Impact Potential
SOLVING PROBLEMS WITH HIGH IMPACT POTENTIAL The Problem-Risk-Need-Analysis RISK RISK Constant requirement of Instabilities due to weak natural resources power- grid expansions RISK Deindustrialization RISK RISK RISK Chain reaction based nuclear energy RISK Popular uprising Transuranic nuclear waste
Slide 5: Solution - Compact, Safe and Profitable
SOLUTION - COMPACT, SAFE AND PROFITABLE No critical chain reaction Zero CO2 emission No risk of explosion Non-volatile energy Criteria for a Solution No meltdown risk No large powerlines No Plutonium or Uranium 235 High power density Non-weapons-grade material High profitability with global impact S
Slide 6: From Original Concept to Compact Innovation
FROM ORIGINAL CONCEPT TO COMPACT INNOVATION The concept was pioneered by Carlo Rubbia. While particle accelerators were once too large, today’s technology has made them compact and efficient. Carlo Rubbia, Nobel Prize winner in Physics 1984, CERN Director and creator of the Energy Amplifier concept
Slide 7: Key Factors – One Powerful Solution
4 KEY FACTORS – ONE POWERFUL SOLUTION Serial Production Safe Accelerator High Energy Density Ideal for regulatory affairs and golbal distribution (relevant for high scalibility and profitability) No Plutonium or Uranium added → no transuranic waste No critical chain reaction needed → no risk of expl
Slide 8: Oil vs. Thorium (Th)
THORIUM ENERGY – 20 YEARS OF POWER WITHOUT REFUELING OIL vs. THORIUM (Th) Important: Thorium is a byproduct 2.800.000 x OIL = 0,34 x 3 x more common than Uranium and 300 - 400x more than Uranium-235 Thorium & ADES OIL energy-eq: Barrel = 2.800.000 pcs. | m = 360.000.000 [kg] THORIUM energy-eq: m = 4
Slide 9: Multiple Use Cases – Built for Scalable Growth
MULTIPLE USE CASES – BUILT FOR SCALABLE GROWTH UPGRADE of conventional & nuclear power plants ADES is ideal for hydrogen production ADES for critical infrastructure -protects life ADES enhances wind, water and solar ADES modules can replace conventional (Oil | ADES modules can make a hospital self-s
Slide 10: Modular & AI-Driven — Designed for Every User
MODULAR & AI-DRIVEN — DESIGNED FOR EVERY USER 1. ADES units enable scalable expansion (1 ADES = 25MW(th) * 1, 2, 3,…) 2. Converter modules support client-specific configurations based on their individual general profiles (left picture) 3. AI adapts heat production in real time by learning the client
Slide 11: ADES vs. Other SMRs – Our Edge in a Competitive Field
ADES VS. OTHER SMR´S – OUR EDGE IN A COMPETITIVE FIELD Criteria ADES (Emerald Horizon) Typical SMRs (e.g., NuScale, Rolls-Royce, GE Hitachi) Critical (uranium-fueled, partially molten salt or pressurized Reactor Type Thorium-based, accelerator-driven subcritical system water) Safety Extremely safe (
Slide 12: Executive Summary ADES
EXECUTIVE SUMMARY ADES The Scalable and Risk-Optimized Solution for CO₂-Free Energy ON/OFF switch • ADES has a passive-safe ON/OFF control unit. AI-powered optimization • ADES leverages AI to adjust its power output based on the installation location. • ADES thereby ensures optimal performance in di
Slide 13: ADES Support & Stand Alone Storage System – CALstore
ADES SUPPORT & STAND ALONE STORAGE SYSTEM – CALstore CALstore - A MOLTEN SALT ENERGY STORAGE SYSTEM CALstore is a 5 MWh Molten Salt Energy Storage System to balance energy oversupply with required demand. It is non-degrading, affordable, scalable, and free of toxic ingredients. The system maintains
Slide 14: Offer for Clients and Investors
OFFER FOR CLIENTS AND INVESTORS
Slide 15: Megatrend Small Modular Reactors
MEGATREND SMALL MODULAR REACTORS Many companies like Google, Amazon, and Microsoft are now investing in Small Modular Reactors – a key technology for the future of energy supply. Megatrend AI is seen as inseparable from Megatrend SMR World Bank has officially decided to support SMRs - Ideal for glob
Slide 16: Planned Sales
PLANED SALES 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 ADES (25000 units) 2- 100 – 150 250 500 1000 1000 2000 2000 3000 3000 3000 3000.. CAL STORE (n.d.) ADES production starts with 100 – increase of production to 1000 p.a. per factory. PRE ORDER ADES (100) 50 50 Lat
Slide 17: Financial Credibility
The Neutron Factory based on CERN Technology Proud member of FINANCIAL CREDIBILITY
Slide 18: Global Expansion
GLOBAL EXPENSION The country organizations are responsible for: • Handling regulatory affairs in their respective regions • Ensuring stable access to and development of local sales markets • Securing reliable and long-term capital supply • Preparing for future factory setup and operations • Building
Slide 19: Progress Timeline
PROGRESS TIMELINE 2023 < 2019 2021 2022 2024 2025 <<>> 2027 2029 Project Team Construction of the Onboarding Transition of ADES Completion of Completion of Needs analysis development Partners prototype components deep-tech prototype to ADES demonstrator demonstrator and concept and financing Office
Slide 20: Valuation (MIO) – Offer for Investors Pre-IPO Round
OFFER FOR INVESTORS – PRE IPO ROUND – REAL PERFORMANCE & VALUATION (NPV) Emerald Horizon offers 9% for €75m & 9% for €150m Valuation Growth 2025–2030 18000 - Last confirmed price per share: 760,19 EUR - Valuation for last capital round 0.79 bn 16000 - Target valuation actual capital round 0.79 - 2.2
Slide 21: 20-Year Revenue Forecast for 1,000 ADES Units
20-YEAR REVENUE FORECAST FOR 1,000 ADES UNITS 1. Thermal and Electrical Power Output ADES generates 25 MW (thermal), which corresponds to a minimum of 10,000 kW (electrical) 2. Annual Electricity Generation per ADES 10,000 kW (electrical) × 8,000 hours per year (24 hours × 365 days × ~95% uptime) =
Slide 22: Valuation Scenarios
VALUATION SCENARIOUS 1. Scenario 1 Planed Sales (25% Discount) = USD 25.2 billion 2. Scenario 2 Planed Sales but delayed (2 years delay on every step & 25% Discount) = USD 12.3 billion 3. Scenario 3 Planed Sales but high level of competitors (instead of 25.000 ADES only 1.000 ADES & 25% Diecount) =
Slide 23: Additional Risks
ADDITIONAL RISKS Even with the lowest valuation and a 50%discount, the result remains USD 2.2 billion • Residual Vulnerability – Startups remain exposed to market, operational, or regulatory shocks. • High Dependency on Financing – Reliance on investors or lenders adds refinancing, dilution, or cred
Slide 24: Current Offer for Investors
CURRENT OFFER FOR INVESTORS €75 million corresponds to 9.5% equity for a company valuation of €790 million We aim to attract genuine strategic partners who add significant value to Emerald Horizon and help co-create the future. To incentivize early commitment, we offer a higher discount than standar
Slide 25: Appendix - Use of Funds – 225M
APPENDIX - USE OF FUNDS – 225M (33% NOW = 75M) Manufacturing 16,9% ADES AMPLIFIER – Loop 16,4% ADES INJECTOR - Control Unit 16,4% Human Resources 14,9% Infrastructure & Materials 14,7% AD-BNCT* 7,1% Consulting & Regulatory Affairs 4,0% Business Development 3,3% ADES Heat Exchanger 2,6% CONVERTER - H
Slide 26: Public Credibility - Newspapers, TV, Congress, Awards
PUBLIC CREDIBILITY - NEWSPAPERS | TV | CONGRESS | AWARDS UN Climate Initiatives Insights Emerald Horizon NOMINATED 2025 Emerald Horizon NOMINATED 2025 IMPRINT Emerald Horizon AG Emerald Labora orium Karl-Huber-Gasse 15 8041 Graz Austria Website: www.emerald-horizon.com Company register number: FN517
Slide 27: Technical Credibility
The Neutron Factory based on CERN Technology Proud member of TECHNICAL CREDIBILITY
Slide 28: ADES Technology – Foundation
ADES TECHNOLOGY – FOUNDATION LIQUID CARRIER ENERGY/FUEL HIGH TEMP SHRINK ACC GEOMETRY SIZE OF ACCELERATOR REACTOR HEUREKA NUCLEAR SUBMARINE REACTOR CONTAINER-SIZE | 25MW++ CONCLUSION: All components are based on proven technologies 28
Slide 29: HQ & Team & Co - Development for Serial Production
HQ & TEAM & CO - DEVELOPMENT FOR SERIAL PRODUCTION R&D EMERALD HEADQUARTER and CO-development & serial production by European Deep Tech Company 4,500m2 Laboratory 51 people + Partner Multi TEAM & others (internal & external) Expert-fields are: electrical-, mechanical- & chemical engineering, nuclear
Slide 30: Proven and Approved Technology for Accelerator Component
PROVEN AND APPROVED TECHNOLOGY FOR ACCELERATOR COMPONENT Only nuBeam meets IAEA quality recommendations for beam quality Note: Two technological approaches are being pursued for the accelerator system. The first is based on a TRL 9 sister application provided by our technology partner Neutron Therap
Slide 31: ADES – Simulations: MC, PIC, Pre/Post-Processors
ADES – SIMULATIONS: MC, PIC, PRE/POST-PROCESSORS++ OpenMC is a community-developed Monte Carlo neutron and photon transport code @ADES: Used for criticality calculations. FLUKA is a Monte Carlo simulation software used to model particle transport and interactions with matter - @ADES: used for neutro
Slide 32: ADES - Key Materials: Th-232 & Fluoride-Salt
ADES - KEY MATERIALS: TH-232 & FLUORIDE-SALT ADES-salt FLiNaK, FLiBe FLiTh Thorium as chemical element: Th-232, atomic number 90, belongs to the actinide group, is a silvery-white, a • Temperature stability up to > 900 °C @ADES-HOTlab: weakly radioactive metal. Thorium is 3x more • Efficient heat tr
Slide 33: ADES Energy Equation: Transmuting & Harvesting
ADES ENERGY EQUATION: TRANSMUTING & HARVESTING capture Th-232 fission U-233 The ADES equation
Slide 34: ADES Acc+Target: CANS-Tech Running – 1st ADES Neutron Flux
ADES ACC+TARGET: CANS-TECH RUNNING – 1ST ADES NEUTRON FLUX Neutron Yield Confirmation US-pat.: 2021/0272716 A1 • Diameter of the target wheel: 0.84 m (840 mm) • Rotational speed: 10 Hz (equivalent to 600 RPM) • Radial width of the lithium segment: 0.14 m (140 mm) • Lithium layer thickness: 400 µm 34
Slide 35: R&D for Size Reduction with CANS, LWFA & TNSA
R&D FOR SIZE REDUCTION WITH CANS, LWFA & TNSA A particle accelerator for controlled nuclear reactions enables the subcritical utilization of nuclear energy, operating without the risk of an uncontrolled chain reaction. By accelerating protons or deuterons, neutrons are produced, which can induce ELI
Slide 36: The Emerald Horizon Difference
THE EMERALD HORIZON DIFFERENCE SMR COMPETITOR COMPARISON Technologies with a development horizon of 10+ years that have been made visible (press releases, databases, platforms) and are serious competitors to Emerald must show affinity in the following categories: 1. High energy density 2. Molden sal
Slide 37: Science Links
SCIENCE LINKS Microsoft Word - MSadventure.doc Molten-salt reactor information system (Technical Report) | OSTI.GOV Molten salt reactors: A new beginning for an old idea Thorium Resources as Co- and By-products of Rare Earth Deposits | IAEA oecd-nea.org/trw/docs/rubbia/concept.pdf oecd-nea.org/trw/d