Terrestrial Energy Signs MOU With First Nations Power Authority

OAKVILLE, ON, September 28, 2021 – Terrestrial Energy, a developer of Generation IV Small Modular Reactor (SMR) power plants based in Oakville, Ontario, today announced a Memorandum of Understanding (MOU) with Saskatoon-based First Nations Power Authority (FNPA), the only North-American, non-profit, Indigenous owned and controlled organization developing power projects with Indigenous communities. Terrestrial Energy has become a member of the FNPA, and will explore the development of SMR technologies with the organization for the benefit of Indigenous communities in Canada.

“Terrestrial Energy’s SMR power plant can bring reliable, sustainable, economic, safe and clean energy to all Canadians and the rest of the world,” said Guy Lonechild, CEO of First Nations Power Authority. “It presents a tremendous opportunity for Indigenous communities across Canada, and for all Canadians. I look forward to working closely with Terrestrial Energy as it engages with our members in the Indigenous community.”

“The Canadian nuclear energy industry recognizes the importance of early engagement with all the communities involved in the long life-cycle operations of a nuclear power plant, and that is particularly true for Canada’s many Indigenous communities,” said Simon Irish, CEO of Terrestrial Energy. “The FNPA will advise Terrestrial Energy and its Canadian operations as it engages and consults with these communities on the ecological, environmental, and economic value of Integral Molten Salt Reactor (IMSR®) power plant deployment, and we value the FNPA’s involvement.”

On September 14, Terrestrial Energy announced an upgraded IMSR® nuclear power plant design – the IMSR®400 – a facility with a capacity to generate nearly 400 MW of clean zero-emissions electricity from twin reactors. This upgrade, in response to utility requirements, further increases the cost-competitiveness of the IMSR®400 as a clean, safe and reliable source of energy.

Terrestrial Energy’s IMSR®400 is one of three SMR power plant designs under consideration for deployment at Ontario Power Generation’s Darlington Nuclear Generating Station. It is one of two Generation IV technology candidates, and the only Canadian technology candidate. Terrestrial Energy’s Oakville operation represents the largest SMR power plant technology development project in Canada

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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®).