Bechtel joins a team that also includes GE Hitachi Nuclear Energy, PacifiCorp, Energy Northwest, and Duke Energy. A team led by TerraPower, which includes Bechtel as its partner for plant design, licensing, procurement, and construction, will receive matching funds from the U.S. Department of Energy to build a demonstration advanced nuclear power plant, the Department announced this week. The team will receive $80 million in funding for fiscal year 2020 under the Advanced Reactor Demonstration Program, with a goal to build an operational plant in five to seven years.
NS Energy 15th Oct 2020 read more »
DOE is awarding TerraPower LLC (Bellevue, WA) and X-energy (Rockville, MD) $80 million each in initial funding to build two advanced nuclear reactors that can be operational within seven years. The awards are cost-shared partnerships with industry that will deliver two first-of-a-kind advanced reactors to be licensed for commercial operations. The Department will invest a total of $3.2 billion over seven years, subject to the availability of future appropriations, with our industry partners providing matching funds.
NS Energy 14th Oct 2020 read more »
Canada’s Minister of Innovation, Science and Industry, Hon. Navdeep Bains, today announced a $20 million investment in Terrestrial Energy to accelerate development of the company’s Integral Molten Salt Reactor (IMSR) power plant, creating significant environmental and economic benefits for Canada. This is the first such investment from the Strategic Innovation Fund (SIF) announcing support for a Small Modular Reactor (SMR), and is directed to a developer of innovative Generation IV nuclear technology. The company’s IMSR power plant will provide high-efficiency on-grid electricity generation, and its high-temperature operation has many other industry uses, such as zero-carbon hydrogen production.
Global Newswire 15th Oct 2020 read more »
The Canadian government took a tentative step forward on its national small modular reactor (SMR) plan on Thursday, with an investment to help an Ontario company edge closer to commercializing its reactor technology. The C$20 million ($15.1 million) investment will help Terrestrial Energy complete a pre-licensing milestone for its technology, part of an effort to bring modern nuclear energy to industry, Canada’s innovation ministry said.
Metro 15th Oct 2020 read more »