Tenance energy, a small nuclear startup, joined on Wednesday with the acquisition company.
The company based in North Carolina develops small modular reactors and expects $ 280 million from the transaction. Before connecting SPAC, Terrestrial energy According to Pitchbook, he raised $ 94 million. The connected being expects a list on NASDAQ under the symbol of IMSR.
Ticker is a reference to the taste of a small modular reactor (SMR), which he calls an integral reactor melted salt. In such a device, uranium fuel is mixed with various salts, corresponding to lithium fluoride or sodium fluorine, which are used to suspend nuclear fuel and act as the essential coolant of the reactor.
The core of the terrestrial energy reactor is designed so that it is completely replaced every seven years, partly to reject some of the previous reactors of molten salt, corresponding to corrosion. The reactor core includes not only fuel and graphite modulators that regulate the fission speed, but also heat exchangers and pumps that maintain cooling and liquid salt.
The startup is focused on a variety of markets, including electricity, data centers and industrial applications requiring heat.
There are many existing proposals to build business reactors of molten salt, but it has not been built so far. The basic technology was invented in the Fifties, but there have been two experiments from this era Harassed.
Nuclear energy renewed attention as electrification of buildings and transport, combined with rapid growth of knowledge centers, caused an increase in the demand for electricity.
Technology corporations are increasingly interested in technology as a possible solution to electricity requirements in the field of coaching and inferences AI. Google, Meta, Amazon and Altman Openai himself selected a horse in the race to develop advanced nuclear reactors.
Tenary energy is not the first SMR startup to SPAC-OKLO supported by Altman ended the contract in 2024-taking into account the current noise around nuclear energy, it is possible that it is going to not be the last.