Welcome!

News Feed Item

Terrestrial Energy Commences Work to Explore Siting the First Commercial IMSR(R) Power Plant at Canadian Nuclear Laboratories

OAKVILLE, ONTARIO -- (Marketwired) -- 06/19/17 -- Terrestrial Energy, a vendor of Advanced Reactor power plants, has commenced a feasibility study to explore siting the world's first commercial Integral Molten Salt Reactor (IMSR®) power plant at Canadian Nuclear Laboratories (CNL). The study is being conducted by CNL. A key piece of their vision is to create a technology hub at CNL to support the commercialization of small modular reactors, a potentially transformative technology.

"This is an important milestone for Terrestrial Energy. It maintains our momentum for 2020s deployment of IMSR® power plants," said Simon Irish, CEO of Terrestrial Energy. "We are pleased to be working with CNL to begin the process to identify a suitable location on the CNL site to build the first commercial IMSR® power plant."

"Supporting the research, licensing and siting of Canada's first advanced reactors is an important part of CNL's long-term plan," said Mark Lesinski, President and CEO at CNL. "We are excited to begin these efforts by supporting these studies for Terrestrial Energy's IMSR® commercial power plant."

The work is being carried out in parallel with an industry wide Request For Expression Of Interest (RFEOI) recently launched by CNL. The responses to the RFEOI will inform a roadmap that takes in account the considerations of reactor developers, the supply chain, end users and other stakeholders.

The parties are cooperating under a business framework set out in a 2016 Memorandum of Understanding (MOU) agreed between Terrestrial Energy and CNL. It facilitates a collaborative working relationship to conduct testing and validation activities to support Terrestrial Energy's engineering program for IMSR® deployment. It covers a broad set of CNL's nuclear services including reactor physics, thermal hydraulics, metallurgy, chemistry, waste management and decommissioning. The MOU is non-exclusive; CNL is not restricted from building other nuclear reactor systems at its facilities, and Terrestrial Energy is not restricted from building IMSR® power plants at other locations.

About Terrestrial Energy

Terrestrial Energy is a vendor of an Advanced Reactor power plant that uses its proprietary Integral Molten Salt Reactor (IMSR®) technology. This technology represents true innovation in cost reduction, safety and functionality. It 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. IMSR® technology extends 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 based on proven and demonstrated Molten Salt Reactor technology, IMSR® power plants can be brought to market in the 2020s.

About Canadian Nuclear Laboratories

CNL is Canada's premier nuclear science and technology organization. CNL is a world leader in developing peaceful and innovative applications from nuclear technology through its expertise in physics, metallurgy, chemistry, biology and engineering. Highly skilled employees enthusiastically deliver a range of nuclear services - ranging from research and development, design and engineering to specialized technology, waste management and decommissioning. Today, CNL continues its commitment to ensure that Canadians and the world receive energy, health, and environmental benefits from nuclear science and technology with confidence that nuclear safety and security are assured. For more information, please visit www.cnl.ca.

Social Media

Facebook: TerrestrialMSR

Twitter: TerrestrialMSR

YouTube: Terrestrial Energy

LinkedIn: TerrestrialEnergy

Google+: TerrestrialEnergy

Contacts:
Terrestrial Energy
Bruce Carlisle
(415) 637-4037
[email protected]
[email protected]

Terrestrial Energy
Brian Smith
(416) 822-3130
[email protected]
www.terrestrialenergy.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Cloud promises the agility required by today’s digital businesses. As organizations adopt cloud based infrastructures and services, their IT resources become increasingly dynamic and hybrid in nature. Managing these require modern IT operations and tools. In his session at 20th Cloud Expo, Raj Sundaram, Senior Principal Product Manager at CA Technologies, will discuss how to modernize your IT operations in order to proactively manage your hybrid cloud and IT environments. He will be sharing bes...
Artificial intelligence, machine learning, neural networks. We’re in the midst of a wave of excitement around AI such as hasn’t been seen for a few decades. But those previous periods of inflated expectations led to troughs of disappointment. Will this time be different? Most likely. Applications of AI such as predictive analytics are already decreasing costs and improving reliability of industrial machinery. Furthermore, the funding and research going into AI now comes from a wide range of com...
In this presentation, Striim CTO and founder Steve Wilkes will discuss practical strategies for counteracting fraud and cyberattacks by leveraging real-time streaming analytics. In his session at @ThingsExpo, Steve Wilkes, Founder and Chief Technology Officer at Striim, will provide a detailed look into leveraging streaming data management to correlate events in real time, and identify potential breaches across IoT and non-IoT systems throughout the enterprise. Strategies for processing massive ...
SYS-CON Events announced today that GrapeUp, the leading provider of rapid product development at the speed of business, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market acr...
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
SYS-CON Events announced today that Ayehu will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara California. Ayehu provides IT Process Automation & Orchestration solutions for IT and Security professionals to identify and resolve critical incidents and enable rapid containment, eradication, and recovery from cyber security breaches. Ayehu provides customers greater control over IT infras...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex software systems for startups and enterprises. Since 2009 it has grown from a small group of passionate engineers and business...
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
What's the role of an IT self-service portal when you get to continuous delivery and Infrastructure as Code? This general session showed how to create the continuous delivery culture and eight accelerators for leading the change. Don Demcsak is a DevOps and Cloud Native Modernization Principal for Dell EMC based out of New Jersey. He is a former, long time, Microsoft Most Valuable Professional, specializing in building and architecting Application Delivery Pipelines for hybrid legacy, and cloud ...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Join us at Cloud Expo June 6-8 to find out how to securely connect your cloud app to any cloud or on-premises data source – without complex firewall changes. More users are demanding access to on-premises data from their cloud applications. It’s no longer a “nice-to-have” but an important differentiator that drives competitive advantages. It’s the new “must have” in the hybrid era. Users want capabilities that give them a unified view of the data to get closer to customers and grow business. The...
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...
"We focus on composable infrastructure. Composable infrastructure has been named by companies like Gartner as the evolution of the IT infrastructure where everything is now driven by software," explained Bruno Andrade, CEO and Founder of HTBase, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Cloud Academy named "Bronze Sponsor" of 21st International Cloud Expo which will take place October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara, CA. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud com...