Terrestrial Energy has filed a notice of an exempt offering of securities to raise $13,334,993.00 in New Equity Investment.
According to filings with the U.S. Securities and Exchange Commission, Terrestrial Energy is raising up to $13,334,993.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Simon Irish played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About Terrestrial Energy
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. Terrestrial Energy uses an innovative design, and proven and demonstrated molten salt reactor technology, which offers a unique set of operating characteristics that deliver high and compelling commercial potential. Terrestrial Energy is engaged with regulators, suppliers and industrial partners to build, license and commission the first IMSR power plants in the early 2030s.
To learn more about Terrestrial Energy, visit http://www.terrestrialenergy.com/
Terrestrial Energy Linkedin Page: https://www.linkedin.com/company/terrestrial-energy-inc/
Contact:
Simon Irish, Chief Executive Officer
646-687-8212
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