Canada: Schneider Electric partners with Terrestrial Energy for small reactors

Nuclear small modular reactor (SMR) company Terrestrial Energy has signed a Memorandum of Understanding with Schneider Electric to jointly develop commercial opportunities and advance the deployment of IMSR plants as the reactor company is currently developing a 190MWe Integral Molten Salt Reactor (ISMR).

“Schneider Electric’s value proposition is to leverage digital twin technology across the full IMSR project lifecycle and during operations – resulting in a reduction of project time to market and cost as well as more efficient operations,” said Gary Lawrence, president of power and grid systems at Schneider Electric. “We are excited to collaborate with Terrestrial Energy on IMSR deployment projects and contribute to meeting the increasing demand for electrification across different market segments.”

“Schneider Electric is the leader in the digital transformation of energy management and automation, a supplier with capabilities central to the reliable and efficient operation of IMSR plants,” added Simon Irish, CEO of Terrestrial Energy. “The IMSR’s use of next-generation fission technology – Generation IV molten salt technology – delivers the transformative improvements in the commercial performance of nuclear energy necessary to meet the fast-growing demand for zero-carbon energy across many industrial applications and markets.”