IHS The Energy Daily: Terrestrial Energy advances in DOE loan program; Hill to move SMR aid

The U.S. arm of Terrestrial Energy announced Tuesday that the Energy Department has invited it to move to a second phase in its application for a DOE loan guarantee of up to $1.2 billion to support the company’s development of a planned 190 megawatt molten salt reactor.

That announcement came a week after Ontario-based Terrestrial Energy announced that Duke Energy has joined its Corporate Industrial Advisory Board, a group of current and future nuclear operators that advises Terrestrial on design, construction and operational issues as the company designs its Integral Molten Salt Reactor (IMSR®).