GreenTech Media: Cleantech VC 2016: 8 Early-Stage Energy Investments
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Small modular reactor startup Terrestrial Energy closed $8 million in funding from undisclosed sources for its Integral Molten Salt Reactor design, according to SEC documents. Terrestrial’s chairman Hugh MacDiarmid is on the board of two companies financially involved with the $106 billion Ontario Teachers’ Pension Plan, suggesting their undisclosed involvement here. The small nuclear reactors are intended for industrial process heat markets, with market deployment targeted “in the 2020s.”