Terrestrial Energy surges on deal with DOE for molten salt reactor pilot

Terrestrial Energy

06/01/2026 14:23

** Shares of nuclear technology developer Terrestrial Energy IMSR.O rise 26.5% to $8.87 premarket

** Company signs an Other Transaction Authority (OTA) agreement with the U.S. Department of Energy (DOE) to build and operate a pilot Integral Molten Salt Reactor plant under Project TETRA

** The plant is designed to deliver 390 megawatts electric (MWe) and 822 megawatts thermal (MWth) of low-cost, flexible clean energy for power and industrial heat

** Its high-temperature molten salt fuel design supports electricity generation at superior efficiency and direct thermal delivery for manufacturing, data center operations, and other industrial heat end users

** Shares of the Company are down 30.3% over the past year

 (Reporting by Varun Sahay in Bengaluru)

 ((Varun.sahay@thomsonreuters.com))