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Updates

Terrestrial Energy appoints managing director to spearhead commercialization of new nuclear technology in the UK

Oxford, United Kingdom, January 18, 2022 – Terrestrial Energy has appointed a senior nuclear industry executive as Managing Director of UK operations as the company advances its new nuclear technology.

Michael Drury joins the company from the UK National Nuclear Laboratory (NNL), where he led the business development function for New Build and Advanced Nuclear Technologies, including Small Modular Reactors and Advanced Modular Reactors.

The appointment comes as Terrestrial Energy moves forward with the development and commercialisation of its Integral Molten Salt Reactor (IMSR®) Generation IV nuclear technology in the UK.

Mr Drury has extensive experience of strategy and execution at the intersection of industry and government in the nuclear industry at both NNL and previously at Nuvia.

Simon Irish, CEO of Terrestrial Energy said: “Terrestrial Energy’s North American developments are moving its Generation IV nuclear power plant towards near term deployment, and we recognize that IMSR® technology is an ideal nuclear technology innovation for the UK, especially at a time of escalating energy and power prices.

Terrestrial Energy Signs Agreement for the Supply of Steam Turbines for IMSR Nuclear Power Plant

Oakville, Ontario, Canada – November 30, 2021 – Terrestrial Energy and Siemens Energy Canada have signed a contract for the manufacturing and supply of steam turbines and other balance-of-plant equipment, such as transformers, switchgear, and motor drive systems, for the Integral Molten Salt Reactor (IMSR®), a Generation IV nuclear power plant.

The IMSR® generates steam for power generation at standard utility class temperature and pressure, and from systems that are isolated from its nuclear reactor.

Terrestrial Energy Awarded US Government Grant for IMSR Development

CHARLOTTE, NC – November 24, 2021 – Terrestrial Energy USA was awarded a $3 million grant from the U.S. Department of Energy (DOE) to support licensing and commercialisation of its Integral Molten Salt Reactor (IMSR®), a Generation IV nuclear power plant.

Terrestrial Energy Awards Major Component Design Contracts to BWXT Canada

Oakville, Ontario – October 26, 2021 – Terrestrial Energy has awarded BWXT Canada Ltd. engineering design contracts for steam generators and heat exchangers for use in the Integral Molten Salt Reactor (IMSR®), a Generation IV nuclear power plant.

Terrestrial Energy and Cameco to Examine Partnerships for Deploying IMSR Generation IV Nuclear Power Plant

Oakville, Ont. – October 13, 2021 – Terrestrial Energy and Cameco Corporation (TSX: CCO; NYSE: CCJ), both leading Canadian companies in their fields, have signed a Memorandum of Understanding (MOU) to examine potential partnership opportunities to deploy Terrestrial Energy’s Integrated Molten Salt Reactor (IMSR®) Generation IV nuclear power plants in North America and worldwide, and to evaluate possible opportunities for the supply of uranium supply, fuel and other services.

Terrestrial Energy and Orano Sign Comprehensive Agreement for Nuclear Fuel Supply for IMSR Power Plant

Bethesda, Maryland, and Oakville, Ontario – September 29, 2021 – Terrestrial Energy has entered into an agreement with Orano, a global leader in the nuclear fuel cycle, as part of its fuel supply program for operation of the Integral Molten Salt Reactor (IMSR®), a Generation IV “next-generation” nuclear power plant.

The agreement’s broad scope of services includes uranium enrichment, chemical conversion to IMSR® fuel form, its production, transportation, packaging, and logistics.

The Future of SMRs Is All About the “R”

By Simon Irish

A lot of people are speculating about the potential role of small modular reactors, known in the nuclear industry by the acronym “SMRs.” These new reactor designs promise to deliver a clean and reliable alternative to fossil fuels – but the discussion typically focuses on the “S” and the “M,” as if those features represent the true innovation.

Terrestrial Energy, Westinghouse and UK National Nuclear Laboratory Sign Agreement for IMSR Nuclear Fuel Supply

Preston, United Kingdom and Oakville, Ontario – August 17, 2021 – Westinghouse, the UK National Nuclear Laboratory (NNL), and Terrestrial Energy have signed an agreement for nuclear fuel development and supply.

Third Way - Advanced Nuclear Energy

Advanced Reactors: Turning the Corner

A common misconception about advanced nuclear technologies is that they are largely conceptual and will not be commercialized in time to contribute to meeting near-term climate goals.

Terrestrial Energy and ENGIE Laborelec to Advance Development of IMSR, a Small Modular Reactor Power Plant That Uses Molten Salt Technology

Terrestrial Energy has contracted with ENGIE Laborelec in Belgium for technical services. This contract is part of Terrestrial Energy’s nuclear fuel salt qualification program for the Integral Molten Salt Reactor (IMSR®), a Generation IV nuclear power plant.

ENGIE Laborelec will perform confirmatory electrochemical and thermophysical measurements as well as confirmatory corrosion testing.

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®).