Terrestrial Energy's Molten Salt Reactors completed phase 1 of the vendor design review – the first advanced reactor to do so – is a landmark achievement. It places the company as an early leader in a fast growing technology sector. The IMSR nuclear power plant is a transformative energy technology that is now one step closer to making a major contribution to the world's growing demand for low-cost, clean and reliable energy."

The Vendor review involves three phases:
1. a pre-licensing assessment of compliance with regulatory requirements;
2. an assessment of any potential fundamental barriers to licensing; and
3. a follow-up phase allowing the vendor to respond to findings from the second phase.

Terrestrial Energy's Integral Molten Salt Reactor (IMSR®) is designed to meet the rapidly rising demand for breakthrough energy technologies that can deliver clean, scalable, and cost-competitive heat and power to displace fossil-fuel combustion starting in the 2020s. The IMSR® is a fundamentally different reactor. It employs advanced molten-salt technology, which creates a far superior system to harness clean bountiful energy of the atom simply, safely and economically.