World News: 13:00 GMT Wednesday 15th May 2019. [Terrestrial Energy Inc. via Globe Newswire via SPi World News]
OAKVILLE, Ontario, May 15, 2019 (GLOBE NEWSWIRE) -- Terrestrial Energy today announced the addition of Ontario Power Generation to its Nuclear Innovation Working Group. The working group is advising Terrestrial Energy during Phase 2 of its Vendor Design Review program, which is currently in progress, and on the development and deployment of its Integral Molten Salt Reactor (IMSR) power plant. The group consists of many leading members of the Canadian and international nuclear supply chain and industry.
The expanded group now consists of the following companies and their representatives:
“We are pleased to welcome Dominique Minière and Ontario Power Generation to the Nuclear Innovation Working Group. Ontario Power Generation has decades of experience of safe and efficient nuclear power plant operation. It is an industry pioneer and is focused today on the future of nuclear power provision,” said Simon Irish, CEO of Terrestrial Energy. “Their expertise brings market-proven capabilities to our engineering, regulatory and testing programs.”
“OPG is looking to the future of nuclear generation including the transformative capabilities of Generation IV reactor systems, designed to provide reliable, carbon-free electricity,” said Dominique Minière, President of Nuclear at OPG. “We are pleased to be working with Terrestrial Energy, an industry leader in Generation IV technology, to share our experience and expertise with engineering and regulatory programs, as they work towards bringing the company’s IMSR power plant technology to Canadian markets.”
Ontario Power Generation (OPG) operates a diversified generation portfolio with an installed capacity of 16,295 MW, comprised of nuclear, hydroelectric, thermal, and solar power. Through our facilities, OPG generates clean, reliable and low-cost energy, delivering about 50 per cent of Ontario’s electricity. More than 90 per cent of this power is free of smog and carbon emissions.
Terrestrial Energy is a developer of Generation IV advanced nuclear power plants that use its proprietary Integral Molten Salt Reactor (IMSR) technology. IMSR technology represents true innovation in cost reduction, versatility and functionality of nuclear power plants. IMSR power plants will provide zero-carbon, reliable, dispatchable, cost-competitive electric power and high grade industrial heat for use in many industrial applications, such as chemical synthesis and desalination, and in so doing extend the application of nuclear energy far beyond electric power markets. They have the potential to make important contributions to industrial competitiveness, energy security, and economic growth. Their deployment will support rapid global decarbonization of the primary energy system by displacing fossil fuel combustion across a broad spectrum. Using an innovative design, and proven and demonstrated molten salt reactor technology, Terrestrial Energy is engaged with regulators and industrial partners to complete IMSR engineering and to commission first IMSR power plants in the late 2020s.
Globe Newswire: 13:00 GMT Wednesday 15th May 2019
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