Terrestrial Energy

Terrestrial Energy and ENEC Sign MOU to Collaborate and Cooperate on IMSR Plant Development and Deployment

Retrieved on: 
Tuesday, December 12, 2023
COP28, Integral Molten Salt Reactor, United Nations Global Compact, IAEA, CNSC, Small modular reactor, Electricity, Aluminium, COP, Nuclear energy, Plant, International Atomic Energy Agency, Hydrogen, Climate change, Memorandum of understanding, APR-1400, Barakah, Growth, Terrestrial Energy, Uranium, Carbon, Ammonia, IMSR, Emirates Nuclear Energy Corporation, Generation, Renewable energy

Mohamed Al Hammadi, Managing Director and Chief Executive Officer of ENEC and Simon Irish, Chief Executive Officer of Terrestrial Energy.

Key Points: 
  • Mohamed Al Hammadi, Managing Director and Chief Executive Officer of ENEC and Simon Irish, Chief Executive Officer of Terrestrial Energy.
  • Terrestrial Energy is a leading technology company, and developer of a nuclear plant capable of suppling both high-temperature heat and electricity.
  • ENEC and Terrestrial Energy will collaborate to focus on the potential of IMSR plant for electricity generation and for large-scale industrial heat applications.
  • The parties will also consider frameworks for development and deployment of the IMSR plant in target industrial applications in the UAE and other markets.

CNL Issues Annual Call for Proposals for Canadian Nuclear Research Initiative

Retrieved on: 
Wednesday, September 27, 2023
Canadian Nuclear Laboratories Research Facilities, Terrestrial Energy, Business development, CNL, Atomic energy, AECL, CNRI, Business, Research, General Fusion, Government, Public sector, Organization, Chemistry, Nuclear energy, Rolls-Royce SMR, Climate change, Local government in Canada, SMR, Nuclear, Computer science and engineering, Economics, Uranium mining, Renewable energy, Crown, Stable salt reactor

CHALK RIVER, Ontario, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Canadian Nuclear Laboratories (CNL) is pleased to announce that it has issued a call for proposals for the next round of its collaborative research program, the Canadian Nuclear Research Initiative (CNRI).

Key Points: 
  • CHALK RIVER, Ontario, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Canadian Nuclear Laboratories (CNL) is pleased to announce that it has issued a call for proposals for the next round of its collaborative research program, the Canadian Nuclear Research Initiative (CNRI).
  • This year, CNL will accept project proposals that fall within focus areas which include advanced nuclear fuels, advanced materials and chemistry, reactor safety and application of nuclear capabilities to emerging technologies.
  • The deadline for this intake is December 15, 2023, and projects will be selected in the spring of 2023.
  • These projects have enabled CNL to use it unique capabilities to fulfill the growing needs of the Canadian nuclear industry, while continuing to advance its own capabilities in a number of key areas, including advanced fuels, nuclear safeguards, and tritium management.

Terrestrial Energy and Westinghouse Sign Contract for IMSR Fuel Plant at Springfields with UK Government Support

Retrieved on: 
Thursday, August 3, 2023
Terrestrial Energy, Partnership, Integral Molten Salt Reactor, CNSC, LEU, Canadian Nuclear Safety Commission, USD, Government, HALEU, UK Government Investments, Plant, Springfields, Nuclear energy, Government of the United Kingdom, GBP, Transport, Fourth generation, Uranium mining, Renewable energy, Westinghouse, IMSR

The new contract will deliver a pilot plant in advance of a scaled-up facility for commercial reactor fuel supply to a fleet of IMSR plants.

Key Points: 
  • The new contract will deliver a pilot plant in advance of a scaled-up facility for commercial reactor fuel supply to a fleet of IMSR plants.
  • The UK Government has committed GBP 2.9 million (USD $3.8 million) to establish the pilot plant under its Nuclear Fuel Fund program, part of the UK’s energy security strategy.
  • The contract is a result of partnership between Terrestrial Energy, Westinghouse Springfields Fuels and UK National Nuclear Laboratories, and follows the scoping and planning agreement signed in July 2021 .
  • “We are excited to work with Terrestrial Energy to develop a pilot plant creating next-generation nuclear fuel at Springfields to power molten salt reactors,” said Tarik Choho, President of Westinghouse Nuclear Fuel.

Westinghouse Awarded Trio of Grants from UK Nuclear Fuel Fund

Retrieved on: 
Thursday, July 27, 2023
Alternative Energy, Energy, Nuclear, Other Energy, Utilities, National Nuclear Laboratory, Terrestrial Energy, Heart, UF4, IV, Nuclear fuel, Multimedia, HALEU, The Electric Company, Springfields, Nuclear energy, CO2, Westinghouse Electric Company, United, Westinghouse, Void coefficient, Uranium mining, Renewable energy

Westinghouse Electric Company announced today that the U.K. Government’s Nuclear Fuel Fund has awarded three grants to upgrade and expand the Springfields Fuel Fabrication Facility to support the United Kingdom’s next-generation nuclear reactors.

Key Points: 
  • Westinghouse Electric Company announced today that the U.K. Government’s Nuclear Fuel Fund has awarded three grants to upgrade and expand the Springfields Fuel Fabrication Facility to support the United Kingdom’s next-generation nuclear reactors.
  • View the full release here: https://www.businesswire.com/news/home/20230727234786/en/
    The Westinghouse Springfields Fuel Fabrication Facility in the U.K. has manufactured world-class nuclear fuel and related products and services for nearly 75 years.
  • “This investment from the Nuclear Fuel Fund is a vote of confidence in the capabilities of our Springfields manufacturing site,” said Tarik Choho, Westinghouse President of Nuclear Fuel.
  • “And thanks to the Nuclear Fuel Fund, Westinghouse and companies like it will be at the cutting edge of our nuclear revival,” Minister Bowie said.

The Future of Nuclear SMRs: IDTechEx Asks If Start-ups Will Disrupt Established Players

Retrieved on: 
Thursday, May 25, 2023
MSR, Terrestrial Energy, NuScale Power, GE Hitachi Nuclear Energy, Temperature, Rolls-Royce PWR, Organization, Nuclear energy, Rolls-Royce SMR, Microsoft, Risk, Westinghouse Electric Company, SMR, PWR, Void coefficient, Tom Pappalardo, Safety, Dissection, Renewable energy, Uranium mining, Lithium

BOSTON, May 25, 2023 /PRNewswire/ -- Nuclear Small Modular Reactors (SMRs) aim to disrupt the nuclear industry, slashing the cost of nuclear energy to competitiveness with renewables + storage and making new decarbonization-enabling uses of nuclear power possible.

Key Points: 
  • BOSTON, May 25, 2023 /PRNewswire/ -- Nuclear Small Modular Reactors (SMRs) aim to disrupt the nuclear industry, slashing the cost of nuclear energy to competitiveness with renewables + storage and making new decarbonization-enabling uses of nuclear power possible.
  • Still, the question remains: in the emerging SMR market, will the agility of new players beat the embedded positions of the nuclear industry's existing giants?
  • IDTechEx's new report, " Nuclear Small Modular Reactors (SMRs) 2023-2043 ," predicts that 25% of nuclear-sourced electricity will come from SMRs in 2043, compared to a negligible percentage today.
  • The diversity of designs this rapid scaleup would breed is likely to involve a wide variety of organizations: IDTechEx surveyed 83 SMR projects from many different players.

The Future of Nuclear SMRs: IDTechEx Asks If Start-ups Will Disrupt Established Players

Retrieved on: 
Thursday, May 25, 2023
MSR, Terrestrial Energy, NuScale Power, GE Hitachi Nuclear Energy, Temperature, Rolls-Royce PWR, Organization, Nuclear energy, Rolls-Royce SMR, Microsoft, Risk, Westinghouse Electric Company, SMR, PWR, Void coefficient, Tom Pappalardo, Safety, Dissection, Renewable energy, Uranium mining, Lithium

BOSTON, May 25, 2023 /PRNewswire/ -- Nuclear Small Modular Reactors (SMRs) aim to disrupt the nuclear industry, slashing the cost of nuclear energy to competitiveness with renewables + storage and making new decarbonization-enabling uses of nuclear power possible.

Key Points: 
  • BOSTON, May 25, 2023 /PRNewswire/ -- Nuclear Small Modular Reactors (SMRs) aim to disrupt the nuclear industry, slashing the cost of nuclear energy to competitiveness with renewables + storage and making new decarbonization-enabling uses of nuclear power possible.
  • Still, the question remains: in the emerging SMR market, will the agility of new players beat the embedded positions of the nuclear industry's existing giants?
  • IDTechEx's new report, " Nuclear Small Modular Reactors (SMRs) 2023-2043 ," predicts that 25% of nuclear-sourced electricity will come from SMRs in 2043, compared to a negligible percentage today.
  • The diversity of designs this rapid scaleup would breed is likely to involve a wide variety of organizations: IDTechEx surveyed 83 SMR projects from many different players.

Terrestrial Energy Achieves Breakthrough with Completion of Molten Salt Reactor Regulatory Review

Retrieved on: 
Tuesday, April 18, 2023
Terrestrial Energy, Systematic review, Vendor, Travel, Integral Molten Salt Reactor, CNSC, Generation, LEU, Terrestrial, Radiation protection, HALEU, Plant, Nuclear energy, VDR, Canadian Nuclear Safety Commission, Fourth generation, Westinghouse, IMSR, Uranium mining

“The VDR is a comprehensive pre-licensing regulatory review, and its completion is a breakthrough for Terrestrial Energy.

Key Points: 
  • “The VDR is a comprehensive pre-licensing regulatory review, and its completion is a breakthrough for Terrestrial Energy.
  • It is the first technology review completed by a major regulator of a nuclear plant design that uses a Generation IV reactor technology to supply heat at high temperature, and the first time for molten salt reactor technology,” said Simon Irish, CEO of Terrestrial Energy.
  • However, its use of molten salt reactor fission technology delivers transformative advantages essential to nuclear energy’s commercial performance in competitive and unsubsidized markets.
  • Terrestrial Energy is advancing its fuel supply program with Springfields Fuel (Westinghouse) in the UK and Orano in France.

Terrestrial Energy establishes nuclear technology development office in Alberta

Retrieved on: 
Tuesday, March 7, 2023
Partnership, Growth, Integral Molten Salt Reactor, IMSR, Organization, Government, Rolls-Royce SMR, Terrestrial Energy, Research, Power, United Kingdom, Suncor Energy Centre, Ecosystem, Engineering, STEM, Oil, Renewable energy

Calgary, Alberta, March 07, 2023 (GLOBE NEWSWIRE) -- Terrestrial Energy , a Canadian nuclear technology company dedicated to delivering reliable, emission-free nuclear energy, announced today it is investing $18 million to expand its operations into Alberta by establishing an engineering, research and development office in Calgary.

Key Points: 
  • Calgary, Alberta, March 07, 2023 (GLOBE NEWSWIRE) -- Terrestrial Energy , a Canadian nuclear technology company dedicated to delivering reliable, emission-free nuclear energy, announced today it is investing $18 million to expand its operations into Alberta by establishing an engineering, research and development office in Calgary.
  • Terrestrial Energy was attracted to Alberta for its leadership in the energy sector and large industrial base.
  • Our city is home to experts in all things energy and has the companies, capital and talent to achieve Canada’s energy transition goals.”
    “Terrestrial Energy’s expansion into Alberta reflects the potential Alberta holds for energy transition and emission reduction.
  • Innovative nuclear technology companies like Terrestrial Energy are paving the way toward a net-zero future – and its investment in Alberta will create 29 more jobs in a sector that is seeing rapid growth in our province.”

Terrestrial Energy Opens Office in Alberta

Retrieved on: 
Tuesday, March 7, 2023
Growth, Integral Molten Salt Reactor, IMSR, Organization, Climate, SMR, Government, Vendor, Workforce, Environment, Terrestrial Energy, CNSC, Memorandum of understanding, MOU, News, Terrestrial, Oil, Renewable energy

CALGARY, Alberta, March 07, 2023 (GLOBE NEWSWIRE) -- Terrestrial Energy, an advanced nuclear technology company, has opened an office in Calgary, Alberta, to support the commercial development of the company’s Integral Molten Salt Reactor (IMSR) plant for industrial cogeneration in Western Canada.

Key Points: 
  • CALGARY, Alberta, March 07, 2023 (GLOBE NEWSWIRE) -- Terrestrial Energy, an advanced nuclear technology company, has opened an office in Calgary, Alberta, to support the commercial development of the company’s Integral Molten Salt Reactor (IMSR) plant for industrial cogeneration in Western Canada.
  • Terrestrial Energy’s focus in Alberta will support high-quality engineering and industrial jobs to deliver IMSR cogeneration plants to multiple industries, bringing Terrestrial Energy’s world-class partnerships to Alberta, and supporting the province’s emissions reductions goals.
  • Our government has worked hard to ensure Alberta provides a corporate climate that allows organizations like Terrestrial Energy to come to our province and thrive.
  • Under the terms of the agreement, Invest Alberta will work with Terrestrial Energy on federal and provincial policies, and industrial incentives supporting transformative energy innovation in the province.

Terrestrial Energy Names Former CEO of TVA and PG&E to Board of Directors

Retrieved on: 
Tuesday, February 28, 2023
TC Energy, TVA, University, IMSR, Duke University, Law, Pacific Gas and Electric Company, Institute of Nuclear Power Operations, PG&E, Nuclear Energy Institute, Terrestrial Energy, History, PG, University of North Carolina School of Law, Tennessee Valley Authority, NiSource, Integral Molten Salt Reactor, Terrestrial, Edison Electric Institute, Tennessee Valley, Progress Energy, Renewable energy

Mr. Johnson is a prominent energy industry executive with extensive experience in the electric and nuclear utility sectors.

Key Points: 
  • Mr. Johnson is a prominent energy industry executive with extensive experience in the electric and nuclear utility sectors.
  • Terrestrial Energy is developing a nuclear power plant using proprietary Integral Molten Salt Reactor (IMSR) fission technology for zero-carbon industrial cogeneration.
  • We are pleased to welcome Bill as an independent director to our Board.”
    In addition to his roles at TVA and PG&E, Mr. Johnson previously was Chairman, President and CEO of Progress Energy.
  • He has served as officer and director for multiple leading energy companies and currently serves on the board of directors of TC Energy and NiSource.