Grants and Contributions:

Title:
Development of the Integral Molten Salt Reactor
Agreement Number:
811861
Agreement Value:
$18,923,000.00
Agreement Date:
Apr 30, 2048 - Apr 30, 2049
Description:
This project involves the engineering and development of the Integral Molten Salt Reactor (IMSR®) power plant, a Generation IV Small Modular Reactor.
Organization:
Innovation, Science and Economic Development Canada
Expected Results:

The investment will allow the company to verify the acceptability of its technology with respect to Canadian nuclear regulatory requirements, and Canadian codes and standards and support the first commercial deployments of its Integral Molten Salt Reactor (IMSR®).

Location:
Oakville, Ontario, CA L6H0C3
Reference Number:
230-2022-2023-Q3-008
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
834607335
Recipient Type:
For-profit organization
Additional Information:

The amendment has been completed to extend the agreement end date from 2048-04-30 to 2049-04-30 and to reduce the contribution amount from $20M to $18.9M. This is a repayable contribution.

Amendment Date
Nov 2, 2022
Recipient's Operating Name:
Terrestrial Energy Inc.
Recipient's Legal Name:
Terrestrial Energy Inc.
Federal Riding Name:
Oakville
Federal Riding Number:
35072
Program:
SIF Stream 1- R&D
Program Purpose:

-Encourage R&D that will accelerate technology transfer and commercialization of innovative products, processes and services;-Facilitate the growth and expansion of firms in Canada;-Attract and retain large scale investments to Canada; and-Advance industrial research, development and technology demonstration through collaboration between academia, non-profit organizations and the private sector.

NAICS Code:
221113
Amendments:
Date modified: