Oakville, Ontario, May 5, 2022 – Terrestrial Energy hosted the 32nd GIF Molten Salt Reactor steering committee meeting at its Oakville, Canada office on May 3-5, 2022.
By Simon Irish
There is growing excitement around the world about the potential of green hydrogen as a major energy carrier in our clean energy transition, and for good reason.
By Mike Drury
“New nuclear” has enjoyed a good start to 2022.
Breakthrough legislation on the financing of new nuclear projects has been followed by warm rhetoric from the Business Secretary, Kwasi Kwarteng, who talked about the need for the UK to “double down on new nuclear power” as “the more clean, affordable power we generate in the UK, the less dependent we’ll be on imports.”
For Government, “Nuclear = energy security.”
This shouldn’t come as a surprise. Nuclear remains the only credible route for the UK to ensure secure, low-carbon, and affordable energy alongside a system based on renewables.
Without nuclear as a large slice of the energy mix, Net Zero looks impossible.
Interest in new technology and what it brings in terms of security of supply, jobs, growth, investment, and IP for UK Plc is therefore high.
Yet not all new nuclear technology is the same.
A missing piece of the Net Zero puzzle
The UK is in danger of missing several pieces of the Net Zero puzzle if it overlooks the immense potential of technologies like Generation IV molten salt reactors with their vast near-term potential to decarbonise industry.
With the cost of energy at record highs for British households, business, and industry we simply cannot rely on a single nuclear technology.
Molten salt has the potential to fill the gaps and support all energy vectors.
Terrestrial Energy’s Integral Molten Salt Reactor (IMSR®) offers flexible, low carbon technology that can deliver high-quality thermal power and electricity both at low cost.
A single IMSR® unit provides 195MW of on-demand, low-carbon electricity that can be ramped up from 50% to 100% in under ten minutes.
The high-quality heat produced by the IMSR® can be distributed over three miles to industry and the residual heat to households as well.
Terrestrial Energy USA and Centrus Energy Partner on Fuel Supply for IMSR Generation IV Nuclear Plants
GREENWICH, CT and BETHESDA, MD – October 13, 2020 – Terrestrial Energy USA and Centrus Energy Corp. have signed a memorandum of understanding to secure fuel supply for a future fleet of Integral Molten Salt Reactor (IMSR®) power plants.
OAKVILLE, ON – October 6, 2020 – The Terrestrial Energy Integral Molten Salt Reactor (IMSR®) has been selected by Ontario Power Generation for further evaluation under the electric utility’s program to deploy small modular reactor (SMR) power plants.
Terrestrial Energy and L3Harris Technologies to Develop IMSR Generation IV Nuclear Power Plant Simulator
OAKVILLE AND MONTREAL – September 30, 2020 – Terrestrial Energy has awarded L3Harris Technologies a contract to develop an engineering and operator training simulator for the Integral Molten Salt Reactor (IMSR®), a Generation IV nuclear power plant.
The IMSR® power plant simulator is being built at L3Harris’ operation in Montreal, Quebec and will be delivered to Terrestrial Energy’s Oakville, Ontario facility in 2021.
Read the International Atomic Energy Agency’s Advanced Reactors Information System (ARIS) status report on Terrestrial Energy’s IMSR®.
Canadian Minister of Natural Resources Seamus O’Regan delivered a powerful keynote address at the Canadian Nuclear Association annual conference in Ottawa on February 27, 2020.
Minister O’Regan concluded his remarks by saying: “This is real. This is our mission. This is one of the rooms that can do it. And we are the country that can do it. Canada will lead. I believe that.”
At Terrestrial Energy, we believe our Integral Molten Salt Reactor (IMSR®) can vastly expand nuclear energy’s capabilities. And because it is smaller, more economical and faster to build than traditional reactors, the Generation-4 IMSR® power plant opens new markets.
The U.S. Department of Energy announced on Nov. 13 that it had selected Terrestrial Energy USA for a financial award to support the company’s pre-application activities with the Nuclear Regulatory Commission.
These activities will advance the licensing of the Integral Molten Salt Reactor (IMSR®) power plant design in the U.S. and accelerate its deployment.
Learn More About Terrestrial 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®).