Updates

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.

John Davies, Senior Vice President & Analyst at GreenBiz, interviewed Simon Irish, Chief Executive Officer at Terrestrial Energy, during VERGE 21 (October 25-28, 2021).

Terrestrial Energy has unveiled an upgraded 390-MWe design of its Integral Molten Salt Reactor (IMSR) power plant to meet utility requirements and boost its cost-competitiveness as part of an effort to ramp up its candidacy for deployment at Ontario Power Generation’s (OPG’s) Darlington Nuclear Generating Station.

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.

Construction of a small modular reactor (SMR) at Darlington in Ontario will open up global export markets worth many hundreds of billions of dollars over the next several decades for whichever technology is chosen by Ontario Power Generation (OPG), a new study prepared for SMR developer Terrestrial Energy has found.

Choosing Canadian Generation IV SMR Would Reward Ontario with Once-in-a-Generation Economic Windfall: Hatch Study

· Next-generation (“Generation IV”) nuclear reactor power plants have enormous potential to replace fossil fuel plants in Canada’s and the world’s energy grids

· Exporting commercial nuclear power plant technology could contribute more to the Canadian economy than automobile manufacturing by 2050

· Only Generation IV reactor technology will dramatically improve the economics of nuclear power generation to allow Canada to maximize the benefits and perpetuate its traditional leadership in commercial nuclear power

· Choosing a Canadian Generation IV reactor technology, rather than a technology developed outside of Canada, has the greatest potential to boost employment for Canadian companies many times over and maximize GDP benefits for Ontario and Canada

Oakville, Ont.

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.