Updates

This year’s top 10 list was curated by Bill Gates and includes “new-wave nuclear power,” which spans advanced fission and fusion technologies. Terrestrial Energy’s advanced fission Generation IV IMSR® technology has been cited as one of the “key players,” along with TerraPower which is developing another Generation IV technology.

Simon Irish saw that countries around the globe needed to build a boggling amount of clean-power projects to replace their fossil fuel infrastructure, while also providing enough energy for rising demand from China, India, and other rapidly growing countries.

New reactors could also reduce costs by being safer. Conventional reactors have a fundamental risk of meltdown, largely because they were designed to power submarines.

Terrestrial is far from alone. Dozens of nuclear startups are popping up around the country, aiming to solve the well-known problems with nuclear power — radioactive waste, meltdowns, weapons proliferation, and high costs.

L3 MAPPS and Terrestrial Energy announced today that they have signed an agreement to develop real-time simulation for Terrestrial Energy’s Integral Molten Salt Reactor (IMSR®), a Generation IV advanced nuclear power plant.

At a conference in 2011, Simon Irish, an investment manager in New York, met an engineer with an innovative design for a nuclear reactor cooled by molten salt.

“The Pacific Northwest seems to be a magnet for innovative and traditional nuclear power,” Dr. James Conca, a nuclear expert, recently wrote in Forbes.

OAKVILLE, ON – July 10, 2018 – Terrestrial Energy Chief Executive Officer Simon Irish welcomed the United Kingdom’s Nuclear Sector Deal, a government policy direction unveiled by U.K.

“We initially met with Terrestrial Energy back in 2015. Right now, we’re focused on advising Terrestrial as they assess a site for commercial operation,” said Mike Paoli, a spokesman for Energy Northwest.

Professor Joseph Lassiter writes: "I have high hopes for the promising technology category known as 'new nuclear,' which offers the potential to dramatically reduce costs and rapidly ramp up installations when compared to today’s nuclear power plants.