Forbes: Terrestrial Energy’s Advanced Nuclear Technology – The IMSR – Takes Several Steps Forward
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errestrial Energy USA recently announced that it had achieved a significant progress step in its push to move from a reactor design to a completed and operating reactor. The US Department of Energy was sufficiently satisfied with the information the company provided in Part 1 of its application for a loan guarantee under Title XVII of the Energy Policy Act of 2005, as amended, that it issued an invitation to the company to submit Part II.
Terrestrial Energy is asking the US government to provide a co-signature for a loan of between $800 million and $1.2 billion. The money will finance a project to license, construct and commission its first 195 MWe IMSR®.