
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