IMSR

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

Retrieved on: 
Tuesday, December 12, 2023

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.

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

Retrieved on: 
Thursday, August 3, 2023

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.

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

Retrieved on: 
Tuesday, April 18, 2023

“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

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

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

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.

TerraPraxis Selects Terrestrial Energy Generation IV Nuclear Technology for the Repowering Coal Consortium

Retrieved on: 
Monday, November 7, 2022

Under development by TerraPraxis, Repowering Coal is a program to standardize and systematize the replacement of coal furnaces at existing coal-fired power plants with high-temperature heat supplied by Generation IV nuclear technology.

Key Points: 
  • Under development by TerraPraxis, Repowering Coal is a program to standardize and systematize the replacement of coal furnaces at existing coal-fired power plants with high-temperature heat supplied by Generation IV nuclear technology.
  • Terrestrial Energy is a developer of a leading, next-generation, nuclear technology with unique capabilities for Repowering Coal, said Kirsty Gogan, managing director of TerraPraxis.
  • Terrestrial Energys high-temperature reactor technology aligns with the vision and mission of Repowering Coal, namely, the rapid and low-cost deployment of Repowering Coal to replace 2 Terawatts of global coal capacity by 2050.
  • Repowering coal with Generation IV nuclear can decarbonize a difficult-to-abate part of the energy system rapidly and cost-effectively.

Terrestrial Energy and Orano Complete Successful IMSR Fuel Packaging and Transportation Evaluation

Retrieved on: 
Tuesday, November 1, 2022

and OAKVILLE, Ontario, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Terrestrial Energy has completed a regulatory evaluation of packaging and cross-border transportation of Integral Molten Salt Reactor (IMSR) nuclear fuel in collaboration with Orano, a global leader in the nuclear fuel cycle.

Key Points: 
  • and OAKVILLE, Ontario, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Terrestrial Energy has completed a regulatory evaluation of packaging and cross-border transportation of Integral Molten Salt Reactor (IMSR) nuclear fuel in collaboration with Orano, a global leader in the nuclear fuel cycle.
  • This work demonstrates that nuclear fuel packaging used by Orano today to service the nuclear industry is suitable for the transportation and supply of IMSR fuel.
  • Packaging and transportation of nuclear reactor fuel are subject to strict regulatory requirements that ensure safety and protect property and the environment.
  • Orano and Terrestrial Energy completed this evaluation as part of a broad-scope agreement that includes services such as uranium enrichment, chemical conversion to IMSR fuel form, its production, transportation, packaging and logistics.

Terrestrial Energy Signs Agreement to Advance IMSR Deployment in Western Canada

Retrieved on: 
Thursday, August 11, 2022

Terrestrial Energy anticipates supporting high-quality jobs as it expands its activities in western Canada.

Key Points: 
  • Terrestrial Energy anticipates supporting high-quality jobs as it expands its activities in western Canada.
  • Terrestrial Energy has previously invested over $100 million in its Ontario operation, where it employs more than 100 personnel.
  • Under the terms of the Terrestrial Energy MOU, Invest Alberta will work with Terrestrial Energy on federal and provincial policies, and industrial incentives supporting transformative energy innovation in the province.
  • Terrestrial Energys IMSR plant is designed for industrial cogeneration as well as high-efficiency, grid-based power generation.

CABEM Competency Manager is the SaaS Solution of Choice for Terrestrial Energy

Retrieved on: 
Thursday, August 4, 2022

AUBURNDALE, Mass., Aug. 4, 2022 /PRNewswire-PRWeb/ -- Terrestrial Energy is developing clean, cost-competitive, and resilient energy technology that will change how the world produces 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®).

Key Points: 
  • Terrestrial Energy will leverage CABEM's web-based Competency Management application to track the competency and development of Terrestrial Energy employees.
  • AUBURNDALE, Mass., Aug. 4, 2022 /PRNewswire-PRWeb/ -- Terrestrial Energy is developing clean, cost-competitive, and resilient energy technology that will change how the world produces energy.
  • As required by regulatory auditors, Terrestrial Energy must ensure they have captured all the qualifications and skills of their employees to ensure compliance.
  • Terrestrial Energy is a perfect fit for our solution", says Jay Fredkin, CEO of CABEM.