Terrestrial Energy Contracts With BWXT Canada for Development of Key IMSR Power Plant Components
OAKVILLE, ON – December 18, 2018 – Terrestrial Energy announced today that it has signed on BWXT Canada Ltd. (BWXT Canada) for a design services contract to support development of key components in Terrestrial Energy’s Generation IV Integral Molten Salt Reactor (IMSR®) power plant.
Under the agreement, BWXT Canada will provide Terrestrial Energy with technical consultation and design assistance for development of steam generators and heat exchangers, components that connect power generation sytems to the plant’s innovative Generation IV advanced reactor.
“We’re very pleased to have been selected by Terrestrial Energy to support their reactor development,” said President of BWXT Canada, John MacQuarrie. “We look forward to applying our expertise in nuclear component design and manufacturing to help advance Terrestrial Energy’s exciting new reactor technology.”
“Steam generators and heat exchangers are critical components of any power plant, and the IMSR® is no exception. We identified this work early in our development as important to achieve a practical and efficient design that can be deployed quickly, and we are fortunate to be able to engage with BWXT Canada’s world-class expertise in these areas,” said Simon Irish, Chief Executive Officer of Terrestrial Energy.
Terrestrial Energy is on a path to commission first IMSR® power plants in the 2020s. Its Generation IV small nuclear power plant technology is a transformative energy solution that can make an important contribution to the world’s growing demand for clean, low-cost and reliable energy.
The agreement between Terrestrial Energy and BWXT Canada sets the framework for the companies’ long-term collaboration.
About BWXT Canada Ltd.
BWXT Canada has over 60 years of expertise and experience in the design, manufacturing, commissioning and service of nuclear power generation equipment. This includes CANDU® and Pressurized Water Reactor steam generators, heat exchangers, nuclear fuel and fuel components, other critical plant components, parts and related plant services. Headquartered in Cambridge, Ontario, BWXT Canada has approximately 1,250 employees at locations in Cambridge, Peterborough, Toronto and Arnprior, Ontario. BWXT Canada is a subsidiary of BWX Technologies, Inc.
About Terrestrial Energy
Terrestrial Energy is a developer of Generation IV advanced nuclear power plants that use its proprietary Integral Molten Salt Reactor (IMSR®) technology. IMSR® technology represents true innovation in cost reduction, versatility and functionality of nuclear power plants. IMSR® power plants will provide zero-carbon, reliable, dispatchable, cost-competitive electric power and high grade industrial heat for use in many industrial applications, such as chemical synthesis and desalination, and in so doing extend the application of nuclear energy far beyond electric power markets. They have the potential to make important contributions to industrial competitiveness, energy security, and economic growth. Their deployment will support rapid global decarbonization of the primary energy system by displacing fossil fuel combustion across a broad spectrum. Using an innovative design, and proven and demonstrated molten salt reactor technology, Terrestrial Energy is engaged with regulators and industrial partners to complete IMSR® engineering and to commission first IMSR® power plants in the late 2020s.
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