Terrestrial Energy USA Moves Forward in Nuclear Loan Guarantee Application

Terrestrial Energy logo

The U.S. Department of Energy’s Loan Programs Office (LPO) invited Terrestrial Energy USA to submit Part II of its loan guarantee application.

Terrestrial Energy is applying for a loan guarantee between $800 million and $1.2 billion to support financing of a project to license, construct and commission a 190-MW Integral Molten Salt Reactor (IMSR). The IMSR’s modular design for factory fabrication reduces project scope and financing.

The company has identified a number of potential sites for the first commercial IMSR plant deployment, including the Idaho National Laboratory. Terrestrial Energy has secured C$22.5 million ($17.2 million) of financing since its inception, of which C$5.3 million ($4 million) was raised in August 2016. Duke Energy (NYSE: DUK) recently joined the company’s corporate industrial advisory board.

Subscribe to Nuclear Power International magazine

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...