Terrestrial Energy Shares Rise After DOE Agreement For Nuclear Plant Development
By Chris Wack
Terrestrial Energy shares were 24% higher, at $8.67, after the company said it has executed an Other Transaction Authority agreement with the Department of Energy to build and operate a pilot reactor which will support integral molten salt reactor plant development.
The company, which develops small modular nuclear power plants, said the agreement establishes a direct, streamlined collaboration with the DOE to review and authorize the design and safe operation of the reactor, a molten salt-fueled, graphite-moderated reactor that uses standard assay, low-enriched UF-based fuel.
The agreement enables Terrestrial Energy to operate under DOE authorization, and operate outside traditional federal contracting constraints.
"This OTA is a partnership with the U.S. Department of Energy to accelerate development, licensing, and operation of IMSR plants servicing critical energy needs," the company said.
Terrestrial Energy said its commercial IMSR plant is designed to produce 822 MWth of flexible low-cost clean firm energy for electricity generation and industrial heat applications.
The stock hit its 52-week low on Dec. 30, and is down 12% in the past 12 months.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
January 06, 2026 10:37 ET (15:37 GMT)
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