Terrestrial Energy

Carbon-Free Energy for Global Industry

General Information
Company Name
Terrestrial Energy
Founded Year
2013
Location (Offices)
Charlotte, United States +3
Founders / Decision Makers
Number of Employees
66
Industries
-
Funding Stage
Series Unknown
Social Media

Terrestrial Energy - Company Profile

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.

Taxonomy: Terrestrial Energy, IMSR technology, Generation IV nuclear plants, Molten salt reactor, Clean energy, Small modular reactor, Green hydrogen, Green ammonia, Cogeneration, Industrial heat, Decarbonization, Energy security, Economic growth, Nuclear energy, Energy supply

Funding Rounds & Investors of Terrestrial Energy (10)

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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

View All 10 Funding Rounds

Latest News of Terrestrial Energy

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No recent news or press coverage available for Terrestrial Energy.

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