Terrestrial Energy establishes nuclear technology

Calgary, Alberta, March 07, 2023 (GLOBE NEWSWIRE) -- Terrestrial Energy, a Canadian nuclear technology company dedicated to delivering reliable, emission-free nuclear energy, announced today it is investing $18 million to expand its operations into Alberta by establishing an engineering, research and development office in Calgary. The company intends to create 29 jobs over the next two years.

Founded in 2013 and headquartered in Oakville, Ontario, Terrestrial Energy works to commission its zero-emissions Integral Molten Salt Reactor (IMSR®) heat and power plants for industrial consumers. The company is engaged with organizations throughout North America, the United Kingdom and other global jurisdictions to deploy its zero-carbon energy technology, which is also designed to generate high-efficiency, grid-based power. The company’s new office in Calgary will help accelerate its goals.

Terrestrial Energy was attracted to Alberta for its leadership in the energy sector and large industrial base. It was also drawn by the province’s low corporate tax rate, business-friendly environment and the large number of international companies in the region. Invest Alberta assisted the company by creating opportunities to make meaningful connections in Alberta.

In July 2022, Terrestrial Energy and Invest Alberta signed a memorandum of understanding to determine how to best work together to establish the company’s Alberta-based office, and today’s announcement marks the success of that partnership.

Working together with Calgary Economic Development, Terrestrial Energy chose the Western-Canadian city for its business community that collaborates with industry and government to drive growth and innovation. Named a top 30 cleantech ecosystem to watch in North America, Calgary is home to head offices of major companies throughout the energy value-chain.

With the highest concentration of head offices per capita and the highest proportion of post-secondary STEM graduates in Canada, Calgary has the energy expertise and skilled talent to advance a net-zero economy.

Alberta’s willingness to expand into nuclear energy helps diversify its energy market and attract unique investment in cleantech, enabling the province to achieve climate targets and be a leader in Canada’s energy transition. That willingness is evidenced by Alberta’s participation in the interprovincial Strategic Plan for the Deployment of Small Modular Nuclear Reactors (SMRs) to advance SMRs as a source of safe, reliable and clean energy.

As Alberta’s energy landscape continues to evolve, Terrestrial Energy’s proprietary technology has the potential to attract skilled labour to our province and create more new jobs in a rapidly evolving sector.

Terrestrial Energy secured space for its Western Canadian operation in Suncor Energy Centre. The company is actively recruiting regional talent to fill positions to support its Alberta-based commercial operation ambitions.

QUOTES

“Alberta’s economy has momentum, and Terrestrial Energy wants to be apart of that momentum. I am pleased to see Terrestrial Energy choose Alberta as their place to conduct business. With low corporate tax rates, decreased red tape for businesses, and a ready workforce, Alberta has an economic atmosphere that cannot be matched.”

– Minister Rajan Sawhney, Trade, Immigration and Multiculturalism

“Alberta is a global energy hub with a track record of pursuing innovation in energy markets.  Today its industries are investigating the potential of nuclear innovation to deliver transformative changes, supported by the provincial government’s continued focus on innovation and growth. We look forward to growing our company in Alberta and delivering the first operating IMSR cogeneration plant, and by doing so demonstrate a solution to the greatest unsolved problem on the global pathway to net-zero: clean thermal energy supply for global industry.”

–  Simon Irish, CEO of Terrestrial Energy

“Calgary is a global leader in cleantech innovation and companies like Terrestrial Energy will help power our pathway to a net-zero economy. Our city is home to experts in all things energy and has the companies, capital and talent to achieve Canada’s energy transition goals.”

– Brad Parry, President & CEO, Calgary Economic Development

“Terrestrial Energy’s expansion into Alberta reflects the potential Alberta holds for energy transition and emission reduction. Innovative nuclear technology companies like Terrestrial Energy are paving the way toward a net-zero future – and its investment in Alberta will create 29 more jobs in a sector that is seeing rapid growth in our province.”

– Rick Christiaanse, CEO, Invest Alberta

 

About Invest Alberta:

Invest Alberta is engaging the world and providing high-end tailored support to companies, investors, and major new projects. With team members strategically positioned in key markets around the world, Invest Alberta works to break down barriers so businesses can start up, scale up, and succeed without limits. Since 2020, Invest Alberta has supported the commitment of nearly $20 billion in investment that created more than 24,000 new high-value jobs for Albertans. For more information, please visit: www.investalberta.ca.

About Calgary Economic Development:

Calgary Economic Development is an opportunity-maker, helping to spark and fuel Calgary’s growth. Our job is to connect people with resources that can help them grow their careers or businesses, thrive in new locations or markets, and feel at home in our community. We offer a wealth of information to help everyone succeed and we tirelessly promote Calgary, in Canada and around the world. We’re exhilarated about our role in shaping and sharing Calgary’s story and we’re proud to be part of the energy. For more information, please visit our website at www.calgaryeconomicdevelopment.com and follow us on Twitter @calgaryeconomic.

About Terrestrial Energy:

Terrestrial Energy is developing for near-term commercial operation a zero-emissions cogeneration plant for global industry using its proprietary Integral Molten Salt Reactor (IMSR) fission technology in an innovative, small and modular plant design. The IMSR is a non-Light Water Reactor of the Generation IV class that operates at the high temperature required for broad industrial relevance with transformative economic potential. The IMSR plant is capable of grid-based electric power generation and industrial cogeneration in many energy-intensive industries, including petrochemical and chemical synthesis for hydrogen and ammonia production. The IMSR plant offers a near 50 percent improvement in efficiency of electric power generation compared to Light Water Reactor nuclear plants. Its industrial cogeneration capability delivers to today’s markets industrial competitiveness, security of energy, and zero-emissions industrial production. The IMSR plant’s use of existing industrial materials, components, and fuels supports its near-term deployment, setting the stage for a rapid global decarbonization of the primary energy system.


Terrestrial Energy establishes nuclear technology

TIN LIÊN QUAN

North America Commercial Nuclear Power Market Size

BWX Technologies Inc., Doosan Heavy Industries & Construction Co. Ltd, Mitsubishi, Heavy Industries Ltd, GE-Hitachi Nuclear Energy Inc., Westinghouse...

NYPA and NYSERDA Announce New Battery Energy Storage

Analysis Shows How Cadenza Innovation’s Demonstration Project Can Serve as a Model for Grid Operators and Building/Site Owners Interested in Safer,...

Changing the Face of Energy: Alberta's Energy Future is

YWE is proud to recognize ten inspirational young women of 2022 who are leading Alberta's evolving energy landscape...

THỦ THUẬT HAY

Hướng dẫn tạo file ISO nhanh nhất với AnyToISO

Phần mềm AnyToISO hay còn gọi là AnyToISO Converter, với công cụ này bạn có thể chuyển đổi bất kì định dạng file nào sang file ISO. Nó có thể chuyển định dạng các file từ CD/DVD/ROM, BIN, MDF, PDI, CDI, NRG, B5I, DEB,

Code Kiếm Vương Chi Mộng mới nhất

Kiếm Vương Chi Mộng là tựa game Mobile mới ra mắt đang gây được sự chú ý lớn từ cộng đồng game thủ hiện nay, để tham gia Kiếm Vương Chi Mộng bạn đọc đừng quên nhận Code Kiếm Vương Chi Mộng từ nhà phát hành cũng như của

5 thủ thuật hay nhất tuần qua bạn không nên bỏ phí

Một tuần nữa lại trôi qua, lại có thêm nhiều thủ thuật và mẹo hay mới để chúng ta cùng thử và áp dụng.

Cách chụp ảnh màn hình trang web trên Microsoft Edge

Để có thể chụp được màn hình trang web trên Microsoft Edge, chúng ta có thể sử dụng công cụ có sẵn Make a Web Note trên trình duyệt.

Top 10 cách nghe nhạc trực tuyến miễn phí và hợp pháp tại Việt Nam

Nghe nhạc trực tuyến là một trong những hình thức giải trí phổ biến hiện nay. Tuy nhiên, không phải ai cũng muốn trả tiền để có thể nghe nhạc trực tuyến chất lượng cao. Vì vậy, chúng tôi sẽ giới thiệu 10 cách hợp pháp

ĐÁNH GIÁ NHANH

Đánh giá camera Moto Z2 Play: điện thoại có giống bạn "ảo" và "deep" hơn không?

Camera sau của máy so với thế hệ trước dù bị giảm từ 16MP xuống chỉ còn 12MP nhưng lại được thêm khả năng lấy nét tự động theo điểm ảnh và lấy nét tự động bằng laser cùng vơi việc tăng khẩu độ từ f/2.0 lên f/1.7 giúp

Đánh giá LG V40 ThinQ: Liệu có thực sự xứng đáng giá 1.000 USD?

Mặc dù G-series vẫn là dòng smartphone flagship cao cấp chính của LG, tuy nhiên dòng smartphone V-series cũng luôn nhận được lượng quan tâm rất lớn. LG V30 ra mắt năm ngoái là sự thành công ngoài mong đợi, một chiếc

So sánh OPPO A93 và Reno4: giá bán chênh 1 triệu đồng có tạo nên sự khác biệt lớn?

Hãy cùng chúng tôi theo dõi các so sánh OPPO A93 và Reno4 dưới đây để xem smartphone nào của OPPO có thể tạo nên lợi thế cạnh tranh nhé. Chiếc điện thoại mới ra mắt A93 nhà OPPO được kì vọng sẽ “làm mưa làm gió’ trong