OAKVILLE — Terrestrial Energy has achieved another major milestone in the commercialization of its Generation IV Integral Molten Salt Reactor (IMSR) power plant with the announcement today that the IMSR has entered Phase 2 pre-licensing Vendor Design Review (VDR) with the Canadian Nuclear Safety Commission (CNSC).
Terrestrial Energy completed Phase 1 of VDR in November 2017, successfully meeting CNSC’s requirements for the IMSR design. On completing Phase 1, Terrestrial Energy became the first to secure a formal regulatory opinion for a commercial Generation IV power plant design from a western nuclear regulator; it is the first to enter Phase 2 of that process.
“We are making consistent progress towards commercial deployment of IMSR advanced nuclear power plants, and we are engaged with commercial partners interested in operating,” said Simon Irish, CEO of Terrestrial Energy. “Successful completion of the final phase of design review will be a project green light to start site license applications.”
Mike Rencheck, President and CEO of Bruce Power said, “Small Modular Reactors represent an opportunity for advancing nuclear power generation and providing an economical power choice when compared to other clean energy sources. We continue to pay close attention to market developments, and that includes Terrestrial Energy’s submission of its IMSR power plant design to Phase 2 of the Vendor Design Review.”
John Barrett, President and CEO of the Canadian Nuclear Association said, “Small Modular Reactors using innovative technologies are a great new opportunity for the nuclear industry. In the race to develop them, Terrestrial Energy’s next-generation design is leading the way to commercial deployment with its innovative IMSR design. Completing CNSC’s Phase 2 design review will be a major milestone. I congratulate Terrestrial Energy on this development as it brings SMRs closer to full licensing and deployment in Canada.”
John Luxat, Research Chair of Nuclear Safety Analysis at McMaster University and Terrestrial Energy Advisor said: “The IMSR has the potential for nuclear safety excellence at much reduced cost, and this is of great commercial interest to the nuclear industry. Successful completion of Vendor Design Review Phase 2 will be the important signal to customers to move forward to deploy the design. I expect that many will be following Terrestrial Energy’s progress closely over the next two years.”
Phase 2 VDR involves a detailed follow-up on Phase 1 VDR activities, and an assessment of the IMSR power plant design’s ability to meet all 19 focus areas of power plant licensing. This is a critical commercial step that precedes site selection and construction of the first plant. It is expected to take two years to complete.