National Observer: Canadian start-ups look to reimagined nuclear power to replace fossil fuels
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“We need a game-changing energy innovation,” Simon Irish, chief executive of Oakville, Ont.,-based Terrestrial Energy, said in a recent interview.
Renewable power like wind and solar aren’t able to meet the world’s growing energy demands, Irish says, so people have to rethink nuclear energy.
“This is clean energy on a massive scale,” he said.
Irish’s company plans to develop a nuclear reactor in Canada in the next decade using molten salt rather than the solid nuclear fuel and highly pressurized water of conventional designs like the Candu reactor.
The new technology results in a reactor six times more efficient, producing a third the nuclear waste while improving the safety of the system, he says.