Terrestrial Energy USA Awarded $3.15 Million from ARPA-E to Develop Next-Generation Pump for Generation IV Advanced Reactors
Terrestrial Energy Inc.
Jun. 12, 2018
NEW YORK, June 12, 2018 (GLOBE NEWSWIRE) -- Terrestrial Energy USA announced today that it was awarded $3.15 million in funding by the U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E). The funding will support development of a next-generation molten salt pump that meets the performance requirements for use in Terrestrial Energy’s Integral Molten Salt Reactors (IMSR) and other Generation-IV advanced reactors. Terrestrial Energy USA will lead a team that includes Oak Ridge National Laboratory (ORNL) and pump manufacturer Hayward Tyler Inc.
Terrestrial Energy USA CEO Simon Irish said: “We applaud the Department of Energy’s strategic vision of supporting technologies that will expedite the deployment of Generation IV advanced nuclear power plants and improve their performance, which is the aim of the next-generation pumps we are developing for our IMSR and other Generation IV advanced reactors. Generation IV nuclear power plants, such as Terrestrial Energy’s IMSR, have the potential to play a transformative role in meeting the future energy needs of the United States and the world.”
Terrestrial Energy USA received this competitive award from ARPA-E’s Modeling-Enhanced Innovations Trailblazing Nuclear Energy Reinvigoration (MEITNER) program, under which project teams develop innovative technologies for lower cost and safer advanced nuclear reactors. Working with ORNL and Hayward Tyler, Terrestrial Energy USA will use the ARPA-E funding to begin developing a more robust molten salt pump that is more efficient, requiring lower maintenence while operating at higher temperatures.
For additional information about Terrestrial Energy USA and this project, please visit www.terrestrialusa.com.
About Terrestrial Energy USA
Terrestrial Energy USA, an affiliate of Terrestrial Energy Inc., is developing the Integral Molten Salt Reactor (IMSR) for U.S. market deployment. The IMSR is a Generation IV advanced reactor and represents true innovation in cost and functionality. It will provide clean, reliable and cost-competitive heat for many industrial applications, including electric power provision and heat for industrial processes, such as chemical synthesis and desalination. The IMSR extends the applicability of nuclear energy beyond its current footprint in on-grid electric power markets. It promises to increase industrial competitiveness and energy security while concurrently driving deep decarbonization by displacing fossil fuel combustion across a broad industrial front. Using an innovative design based on proven Molten Salt Reactor technology, the IMSR can be brought to market in the 2020s.
Jarret AdamsTerrestrial Energy USA, Inc.Phone: (202) 815-9234 Email: email@example.com