Terrestrial Energy Awarded $5.7 Million Grant From Canadian Federal Government

Terrestrial Energy Awarded $5.7 Million Grant From Canadian Federal Government

OAKVILLE, ONTARIO — (Marketwired) — 03/04/16 — Terrestrial Energy, a vendor of next-generation nuclear power plants has been awarded a CAD$5.7 million grant from the Sustainable Development Technology Canada's (SDTC) SD Tech Fund(TM). SDTC is a foundation funded by the Government of Canada.

Market wiredGrants funds will be used to support Terrestrial Energy's pre-commercial activities, which conclude with the construction of an electrically-heated non-nuclear mock-up within 30 months. The mock-up will test and demonstrate many aspects of IMSR operation, and will include the data collection over a wide range of operating scenarios of the performance of the IMSR's passive cooling systems; this will validate Terrestrial Energy's safety analysis computer codes, a common industry requirement. The results will support Terrestrial Energy's regulatory engagement and key aspects of the IMSR's Safety Case, one built on simple, natural and passive cooling mechanisms.

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