Nuclear Industry Congratulates General Fusion And Terrestrial Energy On Receiving Sustainable Development Grants
OTTAWA (March 7, 2016) – The Canadian Nuclear Association (CNA) today congratulates CNA members General Fusion and Terrestrial Energy on recently being awarded grants from Sustainable Development Technology Canada (SDTC).
“The federal government’s grants to General Fusion and Terrestrial are recognition that nuclear energy is a sustainable form of low-carbon energy,” said CNA President and CEO Dr. John Barrett. “This funding demonstrates that next generation and advanced nuclear is both an innovative and strategic asset for Canada in meeting its COP21 targets.”
Last week, federal Minister of Innovation, Science and Economic Development Navdeep Bains announced a $206 million investment in 36 different carbon-combating technologies.
The money will be made available through Sustainable Development Technology Canada (SDTC). General Fusion received $12.75 million and Terrestrial Energy received $5.7 million.
Terrestrial Energy is developing a next-generation nuclear reactor based on its Integral Molten Salt Reactor (IMSR) technology. In February, the company announced it was engaging with the Canadian Nuclear Safety Commission (CNSC) by submitting its reactor design to the regulator for Phase I of its pre-licensing Vendor Design Review.
General Fusion is based in Burnaby, British Columbia, and was created for the development of fusion power based on magnetized target fusion. Prime Minister Justin Trudeau singled out General Fusion’s work during a question and answer session at the GLOBE2016 summit.
The Canadian Nuclear Association represents the nuclear industry in Canada and promotes the development and growth of nuclear technologies for peaceful purposes.
Its 100 members mine uranium, fabricate fuel, design and service reactors, generate electricity, advance nuclear medicine, and export Canadian nuclear expertise. These activities employ 60,000 Canadians.
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Romeo St. Martin