Amendments for: 230-2022-2023-Q3-008

Agreement Value: $18,923,000.00
Agreement: Development of the Integral Molten Salt Reactor (811861). Apr 1, 2019 - Dec 31, 2022
Description:

This project involves the engineering and development of the Integral Molten Salt Reactor (IMSR®) power plant, a Generation IV Small Modular Reactor.

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®).

Organization: Innovation, Science and Economic Development Canada
Recipient: Terrestrial Energy Inc. (For-profit organization)
Location: Oakville, Ontario, CA L6H0C3
Type: Contribution
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.

Recipient's Operating Name: Terrestrial Energy Inc.
Federal Riding Name: Oakville (35072)
Program Name: SIF Stream 1- R&D

-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