Terrestrial Energy was founded in Canada in 2013 with the objective of commercialising the IMSR, and is currently working to license (in both Canada and the USA) an IMSR design with a thermal power capacity of 400 MW (equivalent to 190 MW electrical). There are many global SMR projects but Canada is involved with four out of six leading fourth-generation nuclear projects. Canadian Nuclear Laboratories (CNL), Canada's premier nuclear science and technology organization, is pleased to announce that it has entered into a collaboration agreement with Terrestrial Energy to conduct research related to the clean energy company's Integral Molten Salt Reactor (IMSR) technology. As well as generating electricity, this heat is ideal to produce clean, low-cost hydrogen, which will play a crucial role in the decarbonization of hard to reach areas of the economy such as heavy industry, heating and transportation. Terrestrial Energy's Integral Molten Salt Reactor (IMSR) has entered the second phase of a vendor design review by the Canadian Nuclear Safety Commission (CNSC). Thereafter the global market is almost inconceivably large. Moltex intends to build an SSR-W in Saint John, Canada. This website uses cookies to improve your experience while you navigate through the website. There are two molten salt reactors, a sodium cooled fast reactor and a micro modular reactor. We'll assume you're ok with this, but you can opt-out if you wish. Stratford-upon-Avon, Warwickshire, CV37 9NP, Chadwick House, Unit 509, Warrington Road, Birchwood, Cheshire, WA3 6AE, US office: Navdeep Bains, announced a $20 million investment in Terrestrial Energy to accelerate development of the company’s Integral Molten Salt Reactor (IMSR) power plant. It works, but it costs a lot to replace the reactor. In locations with existing inventory of nuclear waste, the SSR-W offers a cost-effective, environmentally friendly, and socially acceptable solution to waste minimization. Heat is generated when nuclear fission takes place in tubes filled with molten salt fuel. You also have the option to opt-out of these cookies. The company says … For now, only a single SMR unit is in commercial operation, installed on a. UK-based Moltex Energy will build a demonstration SSR-W (Stable Salt Reactor – Wasteburner) at the Point Lepreau nuclear power plant site in Canada under an agreement signed with the New Brunswick Energy Solutions Corporation and NB Power. It is mandatory to procure user consent prior to running these cookies on your website. Elysium Industries in the USA and Canada have the Molten Chloride Salt Fast Breeder Reactor (MCSFR) design with fuel in the chloride salt. Navdeep Bains has announced a $20 million investment in Terrestrial Energy to accelerate development of the company’s Integral Molten Salt Reactor (IMSR) power plant, creating significant environmental and economic benefits for Canada. Canada’s Minister of Innovation, Science and Industry, Hon. Source: Moltex Energy. Necessary cookies are absolutely essential for the website to function properly. These cookies do not store any personal information. A rendering of a plant based on the IMSR (Image: Terrestrial Energy) With these, heat is generated when nuclear fission takes place in tubes filled with molten salt fuel. Farmers Bank Building, 301 North Market Street, Suite 1414, Wilmington, Delaware, 19801, © 2020 Moltex Energy Ltd - "Molten salt reactors offer an approach to nuclear energy that is both economically viable and safe," says Dolan. THORIUM ENERGY ALLIANCE OF CANADA. Integral Molten Salt Reactor®: Safe, clean, low-cost, high-impact and resilient. 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