Terrestrial Energy raises $10 mln in Series A financing
Terrestrial Energy Inc, an advanced nuclear technology provider, recently secured $10 million in Series A financing. The investors were not disclosed. Based in Oakville, Ontario, Terrestial is developing a next-generation nuclear reactor based on its integral molten salt reactor technology. The company is currently focused on commercializing this technology. CEO Simon Irish said the funds will be used to support pre-construction and pre-licensing engineering, and to support further engagement with industry and nuclear regulators. Founded in 2013, Terrestrial's U.S.-based operations are located in New York.
13 January 2016•3 mins read
