Terrestrial Energy's IMSR Plant Selected for DOE Programs, Set to Trade on Nasdaq
Terrestrial Energy, a developer of Generation IV nuclear plants, has been selected for two U.S. Department of Energy programs. The company's Integral Molten Salt Reactor (IMSR) plant, sized at 390 MWe, will offer high-temperature output and a secure fuel supply chain. Terrestrial Energy will begin trading on the Nasdaq Stock Market on October 29, 2025, under the ticker symbol 'IMSR'.
Terrestrial Energy's recent business combination with HCM II Acquisition Corp. raised over $292 million, including a $50 million PIPE investment from new institutional investors. The company plans to use these proceeds to accelerate the commercial deployment of its IMSR technology.
The IMSR plant is designed to provide zero-carbon, clean, firm, low-cost, high-temperature industrial heat and/or electricity, serving a dual-use energy role. Its ideal size maintains critical economies of unit scale and enables seamless, customer co-located deployment. Notably, Texas A&M University has selected Terrestrial Energy's IMSR plant for a commercial site at the Texas A&M-RELLIS campus, following a competitive RFP process.
Terrestrial Energy's selection for the U.S. Department of Energy's programs and the successful business combination with HCM II Acquisition Corp. position the company for growth. With the upcoming Nasdaq listing and the Texas A&M-RELLIS campus project, Terrestrial Energy is poised to advance its innovative IMSR technology in the clean energy sector.
Read also:
- India's Agriculture Minister Reviews Sector Progress Amid Heavy Rains, Crop Areas Up
- Cyprus, Kuwait Strengthen Strategic Partnership with Upcoming Ministerial Meeting
- Inspired & Paddy Power Extend Virtual Sports Partnership for UK & Ireland Retail
- South West & South East England: Check & Object to Lorry Operator Licensing Now
