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This content is a press release from our partner Globe Newswire. The AP newsroom and editorial departments were not involved in its creation.

Terrestrial Energy Completes Preliminary Siting Study at Chalk River Laboratories

February 27, 2019

OAKVILLE, Ontario, Feb. 27, 2019 (GLOBE NEWSWIRE) -- Terrestrial Energy has completed its siting study with Canadian Nuclear Laboratories (CNL) that short-lists a number of sites suitable for a commercial power plant that uses the company’s Integral Molten Salt Reactor (IMSR). The study recommended further detailed investigation of several sites within the Chalk River Laboratories property.

“Completing the study of target sites at Chalk River for detailed planning is another step forward towards deployment of an IMSR power plant, a transformative clean energy technology for affordable and cost-competitive heat and power without greenhouse gases,” said Simon Irish, CEO of Terrestrial Energy.

Terrestrial Energy will pursue more detailed site work to further develop its plans. The company announced February 19 that it has progressed to the next stage of a CNL invitation process to evaluate siting a reactor at one or more CNL-managed campuses.

Terrestrial Energy’s IMSR is the first Generation-IV reactor to complete the first phase of the Canadian Nuclear Safety Commission’s Vendor Design Review and is progressing through the second phase.

About Terrestrial Energy

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.

Contact:Brian SmithTerrestrial EnergyPhone: (416) 822-3130Email: bsmith@the-lanes.ca

Contact:Jarret AdamsTerrestrial EnergyPhone: (202) 815-9234Email: jadams@fulloncom.com

Website: www.terrestrialenergy.com E-mail: info@terrestrialenergy.com

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