Terrestrial Energy and ENEC Sign MOU to Collaborate and Cooperate on IMSR Plant Development and Deployment

Source: | · TERRESTRIAL ENERGY · | December 12, 2023

Terrestrial Energy has signed a Memorandum of Understanding (MoU) with the Emirates Nuclear Energy Corporation (ENEC) at the Net Zero Nuclear Summit, on the sidelines of COP 28. The agreement was signed by His Excellency (H.E.) Mohamed Al Hammadi, Managing Director and Chief Executive Officer of ENEC and Simon Irish, Chief Executive Officer of Terrestrial Energy.

Terrestrial Energy is a leading technology company, and developer of a nuclear plant capable of suppling both high-temperature heat and electricity. The company’s use of its Integral Molten Salt Reactor (IMSR), a Generation IV reactor technology, enables the plant’s dual role capability and transformative commercial potential. It can supply secure, reliable, emissions-free, and low-cost energy (both electricity and heat) to industry across a wide range of industrial processes such as hydrogen, ammonia, aluminum and steel production.

The MoU is part of the recently launched ENEC ADVANCE Program, which will evaluate the latest advancements in nuclear energy technologies to strengthen the UAE’s position as a leading nation in delivering climate action by accelerating the global clean energy transition to Net Zero.

ENEC and Terrestrial Energy will collaborate to focus on the potential of IMSR plant for electricity generation and for large-scale industrial heat applications. These uses include the IMSR plant’s role in decarbonizing energy-intensive and hard-to-abate industrial sectors. The parties will also consider frameworks for development and deployment of the IMSR plant in target industrial applications in the UAE and other markets.