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World Nuclear News: Terrestrial Energy to complete US loan guarantee application

From World Nuclear News:

Terrestrial Energy USA has been invited by the US Department of Energy (DOE) to submit the second part of its application for a US federal loan guarantee to support the licensing and construction of its Integrated Molten Salt Reactor (IMSR®).

The company is applying for a loan guarantee of between $800 million to $1.2 billion to support financing of a project to license, construct and commission the first US IMSR®. Idaho National Laboratory has been identified as a lead candidate site for the first 190 MWe commercial plant.

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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®).