Terrestrial Energy and Schneider Electric to Collaborate on Baseload Zero-Carbon Energy Solutions for Industrial Facilities and Large Data Centers
24 Abril 2024 - 8:40AM
Terrestrial Energy, a developer of Generation IV advanced nuclear
power plants that use its proprietary Integral Molten Salt Reactor
(IMSR) technology for industrial heat and power supply, and
Schneider Electric, a Fortune Global 500 supplier of digital
control systems for energy management, have signed a Memorandum of
Understanding (MOU) to jointly develop commercial opportunities and
advance the deployment of IMSR plants.
Terrestrial Energy’s IMSR plant is designed to
be small and modular for swift construction, scalable deployment,
and to achieve transformative improvements in nuclear energy
economics. Its heat and power supply has many industrial uses that
require reliable, baseload zero-carbon energy supply at near-site
locations, such as dedicated power for large data centers and
cogeneration for heavy industrial facilities. Schneider Electric
systems automate and optimize energy management for improved
performance, efficiency, and contribute to the commercial and
sustainability goals of its customers.
This collaboration offers solutions to the major
energy challenges faced by data center operators and many heavy
industries operating a wide range of industrial processes such as
hydrogen, ammonia, aluminum, and steel production. These
high-energy users require low-cost, reliable and emissions-free
baseload supply that offers an alternative to intermittent
renewable power with storage or carbon emitting fossil fuel power
plants.
“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 & 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,” said 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. We look forward to our
partnership with Schneider Electric at this exciting time.”
In April 2023, the Canadian Nuclear Safety
Commission (CNSC), following a systematic and multi-year review
against nuclear regulatory requirements, concluded that there were
no fundamental barriers to licensing the IMSR plant for commercial
use. This was the first-ever regulatory review of a commercial
nuclear plant using molten salt reactor technology and the first
advanced, high-temperature fission technology to complete a review
of this type.
About Terrestrial Energy
Terrestrial Energy is a developer of Generation
IV advanced nuclear power plants that use its proprietary Integral
Molten Salt Reactor (IMSR) technology. IMSR technology represents
true innovation in cost reduction, versatility and functionality of
nuclear power plants. IMSR power plants will provide zero-carbon,
reliable, dispatchable, cost-competitive electric power and
high-grade industrial heat for use in many industrial applications,
such as chemical synthesis and desalination, and in so doing extend
the application of nuclear energy far beyond electric power
markets. IMSR power plants have the potential to make important
contributions to industrial competitiveness, energy security, and
economic growth. Their deployment will support rapid global
decarbonization of the primary energy system by displacing fossil
fuel combustion across a broad spectrum. Using an innovative
design, and proven and demonstrated molten salt reactor technology,
Terrestrial Energy is engaged with regulators and industrial
partners to commission first IMSR power plants in the early
2030s.
About Schneider Electric
Schneider Electric SE engages in the digital
transformation of energy management and automation. It operates
through the following segments: Energy Management, Industrial
Automation, and Central Functions and Digital Costs. The Energy
Management segment leverages a complete end-to-end technology
offering enabled by EcoStruxure. The Industrial Automation segment
comprises industrial automation and industrial control activities,
across discrete, process, and hybrid industries. The company was
founded by Adolphe Schneider and Joseph-Eugène Schneider in 1836
and is headquartered in Rueil-Malmaison, France.
Website:
www.terrestrialenergy.comE-mail:
info@terrestrialenergy.com
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A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/7076c455-cd66-48c4-8c97-da4f71465c72
Contact:
Jarret Adams
Terrestrial Energy
Email: jadams@fulloncom.com
Contact:
Edward Jarvis
Schneider Electric
Email: ed.jarvis@se.com