Terrestrial Energy Inc. (NASDAQ: IMSR) lost ground Thursday, as the company, a developer of Generation IV small modular nuclear power plants, has submitted a foundational safety analysis to the U.S. Nuclear Regulatory Commission (NRC), marking another milestone in the company’s systematic progress toward licensed commercial operation of its Integral Molten Salt Reactor (IMSR) plant in U.S. markets.
The submission, a topical report defining the safety events the IMSR is designed to withstand, is a required step toward NRC issuance of a Safety Evaluation Report and future licensing applications for IMSR plant operations.
“This is an important milestone for the company. It reflects the depth and rigor of our safety case and the continued progress of our engagement with the Nuclear Regulatory Commission,” said CEO Simon Irish. “Establishing the basis for NRC acceptance of this safety analysis is a critical step toward licensing and operating IMSR plants in the U.S. market.”
A topical report allows for NRC review of a safety-related topic and leads to a Safety Evaluation Report, a ruling that can be referenced in a future licensing application. This regulatory ruling avoids the need for revisiting of important topics of reactor safety, which increases efficiency of the licensing process, allowing a single review to apply to multiple nuclear power facilities, supporting fleet-scale deployment and reducing regulatory risk through standardization of key safety determinations.
IMSR lost nine cents, or 1.1%, to $8.19.
Related Stories
