Updates

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.

Terrestrial Energy USA has appointed as President Charles G. “Chip” Pardee, who will help lead the company’s IMSR® development and deployment in the United States.

Mr. Pardee was formerly chief operating officer of the Tennessee Valley Authority and Exelon Generation.

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.

This week Terrestrial Energy is participating, at the invitation of the Canadian Government, in the 10th Clean Energy Ministerial (CEM), an intergovernmental conference in Vancouver, Canada.

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.

Terrestrial Energy today announced the addition of Ontario Power Generation to its Nuclear Innovation Working Group. The working group is advising Terrestrial Energy during Phase 2 of its Vendor Design Review program, which is currently in progress, and on the development and deployment of its Integral Molten Salt Reactor (IMSR®) power plant.