MISSISSAUGA, ON – November 18, 2014 – The next generation of nuclear energy is a viable alternative to meet Canada’s future energy needs, and represents a tremendous opportunity for Canada’s nuclear industry, according to Hugh MacDiarmid, non-executive Chairman of Terrestrial Energy Inc., who will be participating in a panel discussion this Friday at the Canadian Energy Summit 2014, organized by the Economic Club of Canada. Mr. MacDiarmid, the former chief executive of Atomic Energy of Canada Limited (AECL), and former senior executive with Canadian Pacific Railways, says Molten Salt Reactor technology “offers answers to the most challenging questions surrounding nuclear energy today and, with those questions addressed, we can begin to realize the inherent potential of nuclear as an emission-free, reliable, low-lifetime-cost source of power.”
Appearing on the panel with Mr. MacDiarmid will be Dr. John Barrett, President and CEO of the Canadian Nuclear Association. The panel will be moderated by Hon. Monte Solberg, a former federal cabinet minister and now Principal with the Calgary-based firm of New West Public Affairs. Following the presentation, Mr. MacDiarmid will be available to speak with reporters attending the event.
The panel is scheduled to run from 1:30 p.m. to 2:15 p.m. Mountain Daylight Time at The Fairmont Palliser, 133 9th Ave SW, in Calgary, Alberta, Canada. Tickets to the day-long event – which also features keynote presentations by Hon. Jim Prentice, Premier of Alberta, Hon. Greg Rickford, Canada’s Minister of Natural Resources, and Peter Watson, Chairman and CEO of the National Energy Board – are still available through the Economic Club of Canada website (www.economicclub.ca).
About Terrestrial Energy Inc.
Terrestrial Energy Inc. (TEI) intends to commercialize its proprietary Molten Salt Reactor technology in Canada during the 2020s. Molten Salt Reactor technology represents a revolution in nuclear safety, waste and proliferation resistance, and in energy cost-competitiveness. TEI’s Integral Molten Salt Reactor (IMSR) is a small modular design, with models ranging from 80 MWth to 600 MWth – ideally suited for remote communities and industrial operations, including on- and off- grid power provision. Canada provides a favorable jurisdiction for the company’s Molten Salt Reactor development, licensing and marketing. TEI’s board consists of executives from the nuclear, natural resource and finance sectors.
Brian Smith, Terrestrial Energy Inc.
Phone: (416) 822-3130
Grant Draper, Terrestrial Energy Inc.
Phone: (415) 745-0254
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