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.
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