Terrestrial Energy Receives Industry Innovation Award
March 21, 2018 - 9:00 AM EDT
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Terrestrial Energy Receives Industry Innovation Award
OAKVILLE, Ontario, March 21, 2018 (GLOBE NEWSWIRE) -- Terrestrial Energy, a leading advanced reactor developer, has received the Trailblazer Special Achievement Award from the United States Nuclear Infrastructure Council (USNIC) in recognition of Terrestrial Energy’s completion of the Phase One Pre-Licensing Vendor Design Review with the Canadian Nuclear Safety Commission in November 2017. The award was conferred at the 2018 Advanced Reactors Summit V and Technology Trailblazers Showcase on February 22, 2018, at Texas A&M University in College Station, Texas.
“With today’s blossoming interest in trailblazing advanced nuclear technologies, Terrestrial Energy’s first-in-class non-light-water reactor regulatory leadership achievement is a seminal accomplishment that sends a strong message that developers are progressing rapidly toward commercialization in the near-term,” said David Blee, Executive Director of the USNIC. “We hope this important regulatory hurdle by Terrestrial Energy will lead the way for others to follow suit both in the U.S. and Canada.”
“As we seek new and better ways to secure a prosperous and clean energy future, the Advanced Nuclear industry has become one of the most exciting and dynamic fields of activity," said Simon Irish, CEO, Terrestrial Energy. "We are proud to be recognized for our achievements by our industry peers. This innovation award signals to our stakeholders and other constituencies that our efforts have had important results, not only for Terrestrial Energy, but for the broader Advanced Nuclear sector as well."
About United States Nuclear Infrastructure Council
The United States Nuclear Infrastructure Council (USNIC) is the leading U.S. business consortium advocate for nuclear energy and promotion of the American supply chain globally. Composed of nearly 100 companies, USNIC represents the nexus of the nuclear supply chain community, including key electric utility companies, technology developers, construction engineers, manufacturers and service providers. USNIC encompasses eight working groups and select task forces.
About Terrestrial Energy
Terrestrial Energy is a developer of advanced reactor power plants that use its proprietary Integral Molten Salt Reactor (IMSR®) technology. This technology represents true innovation in cost reduction, versatility and functionality. IMSR® power plants 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. They extend 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, and proven and demonstrated Molten Salt Reactor technology, Terrestrial Energy plans to bring IMSR® power plants to markets in the 2020s.
Contact: Jarret Adams Terrestrial Energy Phone: (202) 815-9234 Email: jadams@fulloncom.com
Contact: Brian Smith Terrestrial Energy Phone: (416) 822-3130 Email: bsmith@the-lanes.ca
