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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.

Nuclear Energy Is Back. Now, Let’s See Canada’s Offer

By Simon Irish

There was some familiarity in the cycle of hope and disappointment we have grown used to at the UN climate meetings known as COP, but one thing was very different at COP26 in Glasgow – nuclear energy finally took its seat at the table.

Nuclear energy’s presence at COP26 came as a double whammy.

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.

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 Announces Upgraded IMSR400 Generation IV Nuclear Power Plant

Oakville, ON – September 14, 2021 – Terrestrial Energy today announced its upgraded Integral Molten Salt Reactor (IMSR®) nuclear power plant design – the IMSR®400 – a facility with a net 390 MW of electric generation capacity for grid supply from twin reactors and generators.

Terrestrial Energy Celebrates 100th Addition to Ontario Team

Oakville-based headquarters continues its expansion with additional Ontario-based hires

Oakville, ON – August 24, 2021 – Terrestrial Energy Inc. today announced its 100th hire at its Oakville, Ontario headquarters where the company is developing its proprietary Integral Molten Salt Reactor (IMSR®), a Small Modular Reactor (SMR) power plant design that uses next-generation Generation IV reactor technology.

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®).