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Terrestrial Energy IMSR Supplier Forum Hosted by Organization of Canadian Nuclear Industries

Oakville, Ontario – May 28, 2020 – Terrestrial Energy executives discussed plans for developing the Integral Molten Salt Reactor (IMSR®) power plant and opportunities for suppliers on a May 26 webcast hosted by the Organization of Canadian Nuclear Industries (OCNI). The Terrestrial Energy IMSR® Supplier Forum was led by OCNI President and CEO Ron Oberth. After an introduction by Dr. Oberth, Robin Manley, Vice President, New Nuclear Development at Ontario Power Generation (OPG), discussed OPG’s plans to review and assess SMR designs for the utility’s future use.

Terrestrial Energy CEO Simon Irish provided an overview of the development of the IMSR® Generation IV advanced nuclear power plant and its steady progress to market in Canada and internationally. He described how the IMSR®’s combined use of Generation IV technology in an innovative market-focused design leads to a 195-megawatt power plant that is affordable, cost-competitive, and a clean and resilient alternative to fossil fuels.

Terrestrial Energy is on track to commission with first utility customers the first commercial IMSR® power plants in the late 2020s. The IMSR® was the first advanced reactor to complete Phase 1 of the Canadian Nuclear Safety Commission Vendor Design Review in November 2017, and the company expects to complete that process in 2021.

“Terrestrial Energy operates the largest SMR technology development project in Canada, and its success will have a strong positive impact on the OCNI’s many member companies,” said Dr. Oberth. “It was our pleasure to host the Terrestrial Energy IMSR® Supplier Forum.”

“Timely supply of IMSR® components and services is now a key objective of IMSR® development,” said Mr. Irish. “We are grateful to the OCNI for its supply chain outreach and the opportunity to provide an update on IMSR® progress to more than 200 companies in the nuclear supply chain.”

Terrestrial Energy’s Bill Smith, Senior Vice President, Operations and Engineering, and Iftikhar Haque, Head of Supply Chain, discussed the company’s procurement strategy, IMSR® supply chain development, and opportunities for Canadian companies to participate. They also highlighted how exports of IMSR® Generation IV power plants would create large additional opportunities for Canadian nuclear companies. An overview of Terrestrial Energy’s Quality Assurance program was provided by Cathy Clavel, QA Manager, and Mr. Smith.

More information about the IMSR® Supplier Forum is available here.

 

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.

Website: www.terrestrialenergy.com

E-mail: info@terrestrialenergy.com

 

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Learn More About Terrestrial Energy

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®).