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Terrestrial Energy Inc. announced it raised $18.8 Million in an amended filing

Terrestrial Energy Inc. announced it raised $18.8 Million in an amended filing

05/25/21, 8:52 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgcharlotte
Money raised
$18.8 million
Industry
energy

Company Info

Company
Terrestrial Energy
Location
9319 robert d. snyder rd.
charlotte, north carolina, united states
Additional Info
Terrestrial Energy is a developer of Generation IV nuclear plants that use its proprietary Integral Molten Salt Reactor (IMSR) technology. IMSR technology captures the full transformative operating benefits of molten salt reactor technology in a plant design that represents true innovation in cost reduction, versatility and functionality of nuclear energy supply. IMSR plants will supply zero-carbon, reliable, dispatchable, low-cost high-temperature industrial heat and electricity for a dual-use energy role relevant to many industrial applications, such as chemical synthesis and desalination. In so doing, they extend the application of nuclear energy far beyond electric power markets. IMSR plants have the potential to make substantial contributions to industrial competitiveness, energy security, and economic growth. Their deployment will support rapid global decarbonization of the primary energy system across a broad spectrum.

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