Terrestrial Energy Inc.: successful funding

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camiel
Posts: 358
Joined: Feb 28, 2011 10:10 am

Terrestrial Energy Inc.: successful funding

Post by camiel » Apr 06, 2014 4:53 am

News by way of the Next Big Future blog:

http://nextbigfuture.com/2014/04/terres ... losed.html

David LeBlanc's Terrestrial Energy Inc. has now enough funding to proceed to the conceptual design stage of the Integral Molten Salt Reactor (IMSR). This is very good news for anyone who supports molten salt reactors and I hope that the Canadian regulatory authorities are going to be more hospitable to new reactor development than is the case south of the border. It is also a good to see that a former president/CEO of Atomic Energy of Canada Ltd. is appointed to the board of directors of the company.

edpell
Posts: 99
Joined: Apr 03, 2011 7:50 pm
Location: Rhinebeck, NY

Re: Terrestrial Energy Inc.: successful funding

Post by edpell » Apr 19, 2014 3:43 pm

This will allow bootstrapping. Oil sands money will pay for MSR development. It is a lack of money that currently has MSR stuck.

Super.

This is a game changer. Canada will be bigger than KSA! I think this may also benefit Venezuela which has lots of heavy oil. I wonder what happens if you use steam instead of cold sea water in KSA fields? Peak oil just got pushed out 50 years!!! This is big.

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