Terrestrial Energy
Terrestrial Energy is a Canadian nuclear technology company working on Generation IV nuclear technology. The company is developing a 190 MWe Integral Molten Salt Reactor design in Canada and is in phase 2 since 2018 of the Pre-Licensing Vendor Design Review with the Canadian Nuclear Safety Commission. This is one example of a small modular reactor (SMR) characteristic of Generation IV nuclear reactor designs. This IMSR is considered by Terrestrial Energy to have two principal advantages over legacy nuclear power plants. First, this IMSR is meant to be buildable in about 4 years, versus 8-12 for  legacy plants. Second, the T-E IMSR plant can be used to generate either electricity or industrial steam, and thus provide flexibility not currently offered in the nuclear market. Relative to other Generation IV reactor designs, T-E’s IMSR uses no unproven engineering concepts, instead leveraging well-understood and proven technologies in a unique way. In an industry that has suffered from regulatory and customer hesitancy towards unproven designs, this is meant to reduce licensing and timeline risks that have slowed the adoption of nuclear power.