Canada-based Generation IV nuclear power plant developer Terrestrial Energy and Schneider Electric, a French multinational supplier of digital control systems for energy management, have signed a memorandum of understanding to jointly develop commercial opportunities and advance the deployment of integral molten salt reactor (IMSR) plants.
The two companies said the collaboration offers solutions to the major energy challenges faced by data centre operators and many heavy industries operating industrial processes such as hydrogen, ammonia, aluminium and steel production.
These high-energy users need 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.