Details

Last Funding Type

Grant

Last Funding Money Raised

$3M

Industries

Energy,Oil and Gas,Renewable Energy

Founded date

Jan 1, 2013

Number Of Employee

11 - 50

Operating Status

Active

Terrestrial Energy is a vendor of advanced reactor power plants that use its proprietary Integral Molten Salt Reactor (IMSR) technology. This technology represents true innovation in cost reduction, safety and functionality. IMSR power plants will provide clean, convenient, dispatchable and cost-competitive heat for many industrial applications, including electric power provision and heat for industrial processes, such as chemical synthesis and desalination. They extend the application of nuclear energy far beyond electric power markets. IMSR power plants promise to transform industrial competitiveness, energy security, and drive economic growth. Their deployment can realize rapid global decarbonization of the primary energy system by displacing fossil fuel combustion across a broad spectrum. Using an innovative design, and proven and demonstrated Molten Salt Reactor technology, IMSR power plants can be brought to market in the 2020s.