Terrestrial Energy is a developer of Generation IV nuclear plants that utilize its proprietary Integral Molten Salt Reactor (IMSR) technology. The IMSR technology aims to provide zero-carbon, reliable, dispatchable, low-cost high-temperature industrial heat and electricity, extending the application of nuclear energy beyond electric power markets. Founded in 2013 and based in the United States, Terrestrial Energy is focused on building, licensing, and commissioning the first IMSR power plants by the early 2030s. The company's innovative design and proven molten salt reactor technology offer compelling commercial potential. Terrestrial Energy's IMSR plants have the potential to significantly contribute to industrial competitiveness, energy security, and economic growth, supporting rapid global decarbonization of the primary energy system. The company is engaged with regulators, suppliers, and industrial partners to advance its mission. The recent Venture Round investment in October 17, 2022, underscores the interest and potential for the IMSR technology. As a result, Terrestrial Energy is positioning itself to play a significant role in the global transition to sustainable and carbon-free energy solutions, particularly in industrial applications such as chemical synthesis and desalination.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Venture Round | Unknown | - | 17 Oct 2022 | |
Grant | $3.00M | 1 | US Department of Energy | 24 Nov 2021 |
Venture Round | $18.81M | - | 13 May 2021 | |
Grant | $20.00M | 1 | Strategic Innovation Fund | 15 Oct 2020 |
Venture Round | $5.42M | - | 24 Jul 2020 |
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