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Terrestrial Energy (TIEs) has the objective of commercializing its proprietary Molten Salt Reactor technology in Canada by 2021. Molten Salt Reactor technology represents a revolution in nuclear safety, waste and proliferation resistance, and in energy cost-competitiveness. TEI's Integral Molten Salt Reactor (IMSR) is a small modular design, with models ranging from 29 MWe to 290 MWe -ideally suited for remote communities and industrial operations,including on- and off- grid power provision. Canada provides a favorable jurisdiction for the company's Molten Salt Reactor development, licensing and marketing. TEI's founding board consists of executives from the oil-sands, mining and finance sectors.
The Company also wishes to announce that it has successfully closed its final seed round of financing. The round was oversubscribed, and the Company wishes to thank all of its investors for their support. The Company has more than sufficient funds in its treasury to carry it forward to the Conceptual Design stage, as planned.
Terrestrial Energy also announced the appointment of Hugh MacDiarmid as the Chairman of the Board of Directors. Mr. MacDiarmid brings highly relevant industrial experience to the Company's project - particularly his service as President and CEO of Atomic Energy of Canada Ltd.
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Reposted via Next Big Future
Terrestrial Energy (TIEs) has the objective of commercializing its proprietary Molten Salt Reactor technology in Canada by 2021. Molten Salt Reactor technology represents a revolution in nuclear safety, waste and proliferation resistance, and in energy cost-competitiveness. TEI's Integral Molten Salt Reactor (IMSR) is a small modular design, with models ranging from 29 MWe to 290 MWe -ideally suited for remote communities and industrial operations,including on- and off- grid power provision. Canada provides a favorable jurisdiction for the company's Molten Salt Reactor development, licensing and marketing. TEI's founding board consists of executives from the oil-sands, mining and finance sectors.
The Company also wishes to announce that it has successfully closed its final seed round of financing. The round was oversubscribed, and the Company wishes to thank all of its investors for their support. The Company has more than sufficient funds in its treasury to carry it forward to the Conceptual Design stage, as planned.
Terrestrial Energy also announced the appointment of Hugh MacDiarmid as the Chairman of the Board of Directors. Mr. MacDiarmid brings highly relevant industrial experience to the Company's project - particularly his service as President and CEO of Atomic Energy of Canada Ltd.
Read more »
Reposted via Next Big Future
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