Terrestrial Energy USA Signs MOU with Energy Northwest for Idaho National Laboratory Project

NEW YORK, March 28, 2018 -- Terrestrial Energy USA and Energy Northwest have announced today that they have reached a Memorandum of Understanding (MOU) on the terms of the possible siting, construction and operation of an Integral Molten Salt Reactor (IMSR^®) power plant at one of its candidate sites, the Idaho National Laboratory (INL) in southeastern Idaho.

“The agreement between Terrestrial Energy and Energy Northwest is another positive step towards the deployment of the first IMSR power plant in the United States,” said Simon Irish, Chief Executive Officer of Terrestrial Energy USA. "Energy Northwest’s considerable expertise in the region will contribute substantially to the commercial success of an IMSR power plant under consideration at the INL site. We are pleased to be moving forward with Energy Northwest and our assessment of INL as a potential site.”

“As a major producer of emission-free power, Energy Northwest is excited to examine how this innovative reactor can meet regional energy demand through efficient and clean energy generation,” said Mark Reddemann, Chief Executive Officer of Energy Northwest. “Terrestrial Energy’s IMSR has transformative potential in electric power and industrial heat markets.”

About Terrestrial Energy USA

Terrestrial Energy USA, an affiliate of Terrestrial Energy Inc., is developing the Integral Molten Salt Reactor (IMSR^®) for U.S. market deployment. The IMSR^® is an Advanced Reactor and represents true innovation in cost and functionality. It will provide clean, convenient and cost-competitive heat for many industrial applications, including electric power provision and heat for industrial processes, such as chemical synthesis and desalination. The IMSR^® extends the applicability of nuclear energy far beyond its current footprint in on-grid electric power markets. It promises to increase industrial competitiveness and energy security while concurrently driving deep and rapid decarbonization by displacing fossil fuel combustion across a broad industrial front. Using an innovative design based on proven Molten Salt Reactor technology, the IMSR^® can be brought to market in the 2020s.

About Energy Northwest

Energy Northwest develops, owns and operates a diverse mix of electricity generating resources, including hydro, solar and wind projects – and the Northwest’s only nuclear generating facility. These projects provide enough reliable, affordable and environmentally responsible energy to power more than a million homes each year, and that carbon-free electricity is provided at the cost of generation. As a Washington state, not-for-profit joint operating agency, Energy Northwest comprises 27 public power member utilities from across the state serving more than 1.5 million ratepayers. The agency continually explores new generation projects to meet its members’ needs.

Contact:

Jarret Adams
Terrestrial Energy USA, Inc.
Phone: (202) 815-9234
Email: [email protected]

Website: www.terrestrialusa.com
E-mail: [email protected]