Path to market
Terrestrial Energy’s regulatory and engineering programs are targeting an international role-out of IMSR® cogeneration plants starting in 2030
CNSC design review
Terrestrial Energy began the Canadian Nuclear Safety Commission’s Vendor Design Review process in 2016 and expects to complete that review process in 2022.
IMSR® cogeneration plant pre-application U.S. Nuclear Regulatory Commission activities commenced in 2018 with grant support from the U.S. Department of Energy.
Terrestrial Energy founded.
Start of Canadian Nuclear Safety Commission’s (CNSC) Vendor Design Review, a regulatory review of IMSR® technology and plant design.
Awarded C$5.7 Mn federal grant from Sustainable Development Technology Canada, the first SMR developer to receive an award.
$1 Billion loan guarantee application for construction financing accepted by the US Department of Energy (DOE) Loan Program Office, the first Gen IV SMR project to achieve this milestone.
Completion of CNSC’s VDR Phase 1 for IMSR® power plant design, an industry first.
IMSR® selected by US Nuclear Regulatory Commission (USNRC) and CNSC for first joint cross-border review of a Gen IV SMR..
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IMSR® Plant selected to final three in an international, competitive procurement evaluation by a leading North America nuclear utility seeking late 2020’s plant operation.
Canadian federal government’s flagship Strategic Innovation Fund awards Terrestrial Energy C$20 Mn, the first SMR developer to receive an award.
Plant supplier consortium formed. BWXT, Siemens, Orano, Aecon, Cameco, KSB, and Westinghouse contracted as major component suppliers and added to supplier consortium for IMSR® Plant construction and delivery.
CSNC VDR technology review of IMSR® Plant concludes giving the green light to commercial application with large industrial users.
Building on Proven Prototyped Technology
Glenn Seaborg starting up the Molten-Salt Reactor Experiment (MSRE) in 1968, with Chief Engineer J.R. “Dick” Engel at hand to assist. The MRSE was one of the most successful reactor technology demonstration programs at a U.S. national laboratory.