NEW YORK, Nov. 27, 2018 (GLOBE NEWSWIRE) -- The U.S. Department of Energy (DOE) announced on November 13th, that it had selected Terrestrial Energy USA (TEUSA) for a financial award to support the company’s pre-application activities with the U.S. Nuclear Regulatory Commission (NRC). These activities will advance the licensing of the Integral Molten Salt Reactor (IMSR®) power plant design in the United States and accelerate its deployment.
The award was made as part of a program established and managed by the DOE’s Office of Nuclear Energy, to accelerate development of advanced nuclear technology. An element of this DOE funding program was established specifically to fund, through private-public partnerships, activities to support regulatory engagement leading to licensing approvals of projects involving advanced reactor designs.
“The Department of Energy’s strategic vision is to support the development and deployment of advanced reactors through private-public partnerships and this award is particularly valuable for our IMSR® regulatory interaction,” said Simon Irish, Chief Executive Officer of Terrestrial Energy USA. “The award sits on our critical path to market and advances our IMSR® regulatory program in a clear and defined way. On completion, it will also be an important demonstration of the viability and applicability of the regulatory framework for advanced reactor licensing.”
Terrestrial Energy USA is developing the IMSR® power plant design for electric grid power and industrial process heat generation, and plans for first U.S. deployment in the late 2020s. The IMSR® is a Generation IV advanced reactor that uses liquid fuel molten-salt technology in an innovative reactor design, one that incorporates all primary reactor components within a sealed and replaceable reactor vessel, the IMSR® “Core-unit,” that has a seven-year operating lifetime.
About Terrestrial Energy USA
Terrestrial Energy USA, an affiliate of Terrestrial Energy Inc., is developing the Integral Molten Salt Reactor (IMSR®) for U.S. market deployment. The IMSR® is an Advanced Reactor and represents true innovation in cost and functionality. It will provide clean, reliable and cost-competitive heat for many industrial applications, including electric power provision and heat for industrial processes, such as chemical synthesis and desalination. The IMSR® extends the applicability of nuclear energy beyond its current footprint in on-grid electric power markets. It promises to increase industrial competitiveness and energy security while concurrently driving deep decarbonization by displacing fossil fuel combustion across a broad industrial front. Using an innovative design based on proven Molten Salt Reactor technology, the IMSR® can be brought to market in the 2020s.
Contact:
Jarret Adams
Terrestrial Energy USA, Inc.
Phone: (202) 815-9234
Email: jadams@fulloncom.com
Website: www.terrestrialusa.com
E-mail: info@terrestrialusa.com