The Oakville, Ont.-based company’s technology uses molten salt as a fuel and coolant. The award from the federal Strategic Innovation Fund will go towards a two-year, $68.9-million development project. Terrestrial is pledging to spend another $91.5 million on R&D. (The Logic)
Talking point: Small modular reactors (SMR) are cheaper, easier to build and—promoters argue—safer than their larger counterparts. Ottawa has signalled plans to ramp up financing and regulation to promote zero-emission technology; last month’s throne speech promised a new fund. A new SMR action plan will be “released this fall,” Natural Resources Minister Seamus O’Regan said Thursday. Provincial governments are also backing the technology—last week, Ontario Power Generation picked Terrestrial Energy as one of three firms whose design and engineering it hopes to develop for a possible build.