Terrestrial Energy Shares Rise After Agreement With DoE
By Chris Wack
Terrestrial Energy shares were 16% higher, at $12.38, after the company said it has executed an Other Transaction Authority agreement with the Department of Energy for Project TEFLA, a pilot production facility that will demonstrate Integral Molten Salt Reactor Fuel Salt production.
The company, which is developing small modular nuclear power plants, said the announcement marks an important milestone in its engagement with the Fuel Line Pilot Program, established under Executive Order 14301, which seeks to address the U.S.'s shortage of domestic nuclear fuel resources by developing or building fuel production lines to increase production capacity.
The company said Project TEFLA will support its commercial IMSR plant development and future deployments by demonstrating the company's proprietary IMSR Fuel Salt production technology. TEFLA will produce IMSR fuel at pilot plant scale, synthesizing the fuel to precise reactor requirements using readily available standard-assay low-enriched uranium enriched to less than 5% U235 as feedstock.
Terrestrial Energy said its commercial IMSR plant is designed to produce 822 MWth of flexible, low-cost clean firm energy for industrial heat applications and electricity generation.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
January 22, 2026 10:12 ET (15:12 GMT)
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