A Canadian nuclear technology company has raised CAD$10 million (£4.8m) for a project.
Terrestrial Energy aims to bring its Integral Molten Salt Reactor (IMSR) technology to industrial markets in the 2020s.
MSRs are nuclear reactors that use a fluid fuel in the form of a molten fluoride or chloride salt, different to conventional nuclear systems that use solid fuel.
As an MSR fuel salt is a liquid, it functions as both the fuel – producing the heat – and the coolant – transporting the heat away and ultimately to the power plant.
The company claims IMSR will offer reliable power solutions for electricity production, both on and off-grid and also energy for industrial process heat generation.
It adds “the IMSR energy and heat capabilities have the potential to significantly extend the applicability of nuclear energy far beyond its current footprint”.
“With this profile, the IMSR is capable of driving the rapid global decarbonisation of the primary energy system by displacing fossil fuel combustion across a broad front,” it states.
Source: Energy Live News