The Energy Collective: Terrestrial Energy Lands $4M in New Round of Funding

From The Energy Collective:

A Canadian company developing a integrated molten salt reactor (IMSR®) has landed a new round of Series A funding. The $4 million added to previous funding raises total in Series A funding so far to $17.2 million.

The funds are being used to develop a commercial implementation of the IMSR® which is based on a design originally developed at the Oak Ridge National Laboratory (ORNL) in the 1950s. Unlike conventional light water reactors, the IMSR® uses a liquid fuel suspended in a hot liquid salt medium, which doubles as the coolant, and which operates at atmospheric pressure.

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Terrestrial Energy is an industry-leading technology company committed to delivering reliable, emission-free, and cost-competitive nuclear energy with a truly innovative advanced reactor design, the Integral Molten Salt Reactor (IMSR®).