Terrestrial Energy-Aecon announce small modular reactor construction and engineering agreement

Digital rendering of SMR site
Photo: Terrestrial Energy

Agreement marks significant milestone toward first Canadian deployment of an Integral Molten Salt Reactor power plant by the end of the decade.

APRIL 1, 2021 – Small modular reactor (SMR) vendor, Terrestrial Energy, and nuclear supplier, Aecon, signed an engineering and construction services agreement to support construction planning for Terrestrial’s proprietary Integral Molten Salt Reactor (IMSR), Generation IV advanced nuclear power plant.

Under the agreement, announced April 1, Aecon will review Terrestrial Energy’s construction costs and schedules for IMSR as well as a broad range of activities including plans for site development and heavy civil construction.

Aecon already plays a critical role in Ontario’s ongoing nuclear refurbishment projects at Ontario Power Generation and Bruce Power, and maintains a nuclear quality management system compliant to the requirements of relevant nuclear standards including CSA standards.

“We are making consistent progress with engineering, procurement and regulatory programs, all needed for first Canadian deployment of an IMSR power plant as early as 2028,” said Simon Irish, CEO of Terrestrial Energy.

“This agreement with Aecon ensures that IMSR deployment is supported by expert engineering and construction resources, particularly those to confirm construction costs, construction schedule and pre-construction plans.”

Click here to read the full announcement.