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In his latest post on the Bloomberg New Energy Finance blog, Former BNEF CEO Michael Liebreich has decided that its time to talk ...

Terrestrial Energy is featured in this CBC The National program at how Canada is positioning itself as a leader in nuclear power by exploring the use of small modular reactors. Already some environmentalists have decided to support nuclear energy for its carbon-free attributes.

Canada is positioning itself up to be a leader in a new age of nuclear power by exploring the use of small modular reactors (SMR).

Terrestrial Energy CEO Simon Irish believes his company’s first SMR power plant will give Canadians — and potential customers — confidence in the technology.

Last week’s Clean Energy Ministerial provided Canadian clean-tech companies a chance to show their stuff.

Based in Oakville, Ontario, Terrestrial Energy was named one of the top 10 breakthrough technologies in MIT Technology Review, curated by Bill Gates.

As ministers from more than 25 countries gather in Vancouver this month for the Clean Energy Ministerial, they will be thinking about how the world can transition to clean energy economies.

But decarbonizing the world electricity supply is just the beginning. At best, it would eliminate only 30% of global emissions.

Terrestrial Energy CEO Simon Irish explains to BNN Bloomberg the benefits of a new type of clean energy technology, the Integral Molten Salt Reactor (IMSR®).

“You can do so much better technically and commercially if you embrace nuclear innovation and embrace a different reactor technology,” he said.

The target of limiting increases in average global temperatures to 2 degrees Celsius “will be very difficult to realize, and in the absence of nuclear, it will be much, much, much more difficult, if not impossible,” the International Energy Agency’s executive director Fatih Birol, said.

Advanced nuclear reactors are moving toward commercialization faster and with less government support than many realize. Their smaller size and advances in computing are helping.

David LeBlanc, Terrestrial Energy’s president and chief technology officer, said technical collaboration through interactions with the GIF were “invaluable” to realise the global potential for the company’s MSR technology. “The GIF recognises that with nuclear innovation, we can meet the urgent global market need for clean, affordable and cost-competitive energy,” he said.

Generation 4 nuclear reactors—including molten salt reactors now being developed by the Canadian firm Terrestrial Energy—are being designed to reduce energy poverty and push billions of the world’s poorest people towards prosperity.