Short description
Carbon-Free Energy for Global Industry
Description
Terrestrial Energy is a developer of Generation IV nuclear plants that use its proprietary Integral Molten Salt Reactor (IMSR) technology. IMSR technology captures the full transformative operating benefits of molten salt reactor technology in a plant design that represents true innovation in cost reduction, versatility and functionality of nuclear energy supply. IMSR plants will supply zero-carbon, reliable, dispatchable, low-cost high-temperature industrial heat and electricity for a dual-use energy role relevant to many industrial applications, such as chemical synthesis and desalination. In so doing, they extend the application of nuclear energy far beyond electric power markets. IMSR plants have the potential to make substantial contributions to industrial competitiveness, energy security, and economic growth. Their deployment will support rapid global decarbonization of the primary energy system across a broad spectrum. Terrestrial Energy uses an innovative design, and proven and demonstrated molten salt reactor technology, which offers a unique set of operating characteristics that deliver high and compelling commercial potential. Terrestrial Energy is engaged with regulators, suppliers and industrial partners to build, license and commission the first IMSR power plants in the early 2030s.
Total funding
$$43214321
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Location
Charlotte, North Carolina, United States, North America
Founded on
January 1, 2013
Non-profit?
No
Acquired?
No
Employees count
51-100
Revenue range
$34056 - 789030
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Investors
Absolutely Noaccess, No Way, Uh Ohhhh
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Founders
Canon Bryan