Industry | Nuclear Power |
---|---|
Founded | 2012 |
Headquarters | Oakville, Ontario |
Key people | Simon Irish (CEO) |
Website | https://www.terrestrialenergy.com/ |
Terrestrial Energy is a Canadian nuclear technology company working on Generation IV nuclear technology. [1] It expects to produce cost-competitive, high-temperature thermal energy with zero emissions. The company is developing a 195 MWe Integral Molten Salt Reactor (IMSR) design [2] and completed its Pre-Licensing Vendor Design Review [3] in 2023 with the Canadian Nuclear Safety Commission. [4]
The IMSR uses molten salt reactor technology and is one example of a small modular reactor (SMR) characteristic of Generation IV nuclear reactor designs.
Terrestrial Energy claims two principal advantages over legacy nuclear power plants. First, construction is meant to take 4 years, versus 8-12 for legacy designs. Second, the Terrestrial Energy IMSR plant can be used to generate either electricity or industrial steam. [1]
Relative to other Generation IV designs, Terrestrial Energy’s IMSR uses no unproven engineering concepts, instead leveraging proven technologies in a unique way. This is meant to reduce licensing and timeline risks that have slowed the adoption of other approaches.[ citation needed ]
Alberta, Ontario, New Brunswick and Saskatchewan began jointly working to advance SMR in April 2021. https://www.nextbigfuture.com/2022/08/terrestrial-energy-and-alberta-commercializing-smr-reactor.html
The plant is designed for industrial cogeneration as well as power generation.
The reactor uses molten salt/uranium blend as both fuel and coolant. [5]
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