Terrestrial Energy and Orano sign a global agreement
BETHESDA, Maryland and OAKVILLE, Ontario, September 29, 2021 (GLOBE NEWSWIRE) – Terrestrial Energy has entered into an agreement with Orano, a world leader in the nuclear fuel cycle, as part of its fuel supply program for operations the Integral Molten Salt Reactor (IMSR), a “new generation” Generation IV nuclear power plant.
The broad range of services of the agreement include uranium enrichment, chemical conversion to IMSR fuel, production, transportation, packaging and logistics. This scope covers the analysis of large-scale commercial production and supply of IMSR fuel and applies to major markets for IMSR power plant deployment today, including Canada, United States, United Kingdom United and Japan.
This agreement is part of Terrestrial Energy’s multiple sourcing strategy for IMSR fuel supply and reflects Orano’s intention to support the commercialization of next-generation reactors with its wide range of fuel services. The relationship between the companies is non-exclusive and allows both parties to pursue other similar business opportunities in the nuclear industry.
For more than 50 years, the Orano Group has provided the global nuclear industry with products and expertise services across the entire nuclear fuel cycle. These services include uranium enrichment as well as fuel conversion, production, packaging and transportation. The security of the commercial fuel supply throughout the life of the plant is supported by Orano’s modern and state-of-the-art conversion and enrichment facilities, which meet safety, quality and safety standards. highest while obtaining a reduced environmental footprint.
“This agreement with Terrestrial Energy applies the global reach of fuel supply and Orano’s experience to focus on powering the next generation of innovative and clean nuclear power in Canada,” said Amir Vexler, President and CEO of Orano USA. “Our North American team is proud to play a pivotal role in making this connection and making the deal happen. ”
“Utilities’ requirements for fuel supply extend beyond uranium enrichment to a range of essential services that together ensure a secure supply of fuel from the reactor to the doorstep. power plant, ”said Simon Irish, CEO of Terrestrial Energy. “The scope of our agreement covers the whole spectrum from enrichment, production, with its transport elements, including packaging and logistics, to a complete commercial supply. This range of services is essential for the operation of the first IMSR plants from 2028. ”
IMSR fuel uses standard dosage low enriched uranium (LEU), which has become the standard for commercial fuel over decades of power plant operation. With the exception of CANDU plants (which use unenriched uranium), commercial nuclear plants around the world today use UFE at standard dosage.
Terrestrial Energy presented its new IMSR400 power plant on September 14, which consists of twin reactors and generators to produce 390 MW of clean electricity at one site. The IMSR400 is one of three small modular reactor (SMR) power plant models under consideration for deployment at Ontario Power Generation’s Darlington Nuclear Generating Station. It is one of two Generation IV technology candidates and the only Canadian technology candidate. Terrestrial Energy’s Oakville operation represents the largest SMR power plant technology development project in Canada.
Recognized international operator in the field of nuclear materials, Orano provides solutions to meet current and future global energy and health challenges. Its expertise and mastery of advanced technologies allow Orano to offer its customers products and services with high added value throughout the nuclear fuel cycle. Every day, the 16,500 employees of the Orano group rely on their skills, their unwavering attachment to safety and the constant search for innovation with the commitment to develop know-how in the transformation and control of nuclear materials. , for the climate and for health and resources. efficient world, now and tomorrow. Orano, giving full value to nuclear energy.
About Earth Energy
Terrestrial Energy is a developer of small modular nuclear power plants that use its proprietary integral molten salt reactor (IMSR) technology. IMSR technology is not light water and Generation IV reactor technology and will generate electricity 50% more efficiently than conventional nuclear reactor technology. The IMSR represents a radical improvement in the economics, versatility and functionality of nuclear power plants that is only possible with Generation IV technology. IMSR plants will provide resilient, reliable, distributable, carbon-free and competitively priced electrical power as well as high quality process heat for use in many industrial applications, such as chemical synthesis, hydrogen production and desalination, thereby extending the application of nuclear power far beyond the electric power markets. IMSR power plants have the potential to make important contributions to industrial competitiveness, energy security and economic growth. Their deployment will support the rapid global decarbonization of the primary energy system by shifting the burning of fossil fuels across a broad spectrum and can scale to meet the net zero policy goals of large industrial economies. Using innovative design and proven and proven molten salt reactor technology, Terrestrial Energy engaged with regulators and industrial partners to complete IMSR engineering and commission the first IMSR plants in the late 2020s. .