They submitted the Integral Molten Salt Reactor (IMSR) design to CNSC in the fall of 2016, taking the first step in a several step process leading toward the construction and operation of power generation units. As promised, the CNSC completed its non-binding review of the design information within a year of the application submission.

Rod Adams interviewed Terrestrial Energy CEO Simon Irish at Forbes.

Rod Adams: How does completing phase one of the vendor design review fit with your development schedule?

Simon Irish: One of the biggest challenges when developing new reactor technology is reducing the risk associated with obtaining an operating license. Successfully completing the regulatory scrutiny included in the vendor design review encourages potential utility customers to see there is a bounded risk associated with obtaining an operating license for a project using the reviewed design. We can now talk to our stakeholders about the results of the review and move on to phase two of design review in Canada.