{"id":469722,"date":"2021-04-01T09:03:25","date_gmt":"2021-04-01T13:03:25","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=469722"},"modified":"2021-04-01T09:03:25","modified_gmt":"2021-04-01T13:03:25","slug":"terrestrial-energy-announces-engineering-and-construction-services-agreement-with-aecon-supporting-integral-molten-salt-reactor-power-plant-development","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/terrestrial-energy-announces-engineering-and-construction-services-agreement-with-aecon-supporting-integral-molten-salt-reactor-power-plant-development\/","title":{"rendered":"Terrestrial Energy Announces Engineering and Construction Services Agreement with Aecon Supporting Integral Molten Salt Reactor Power Plant Development"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">OAKVILLE, Ontario, April  01, 2021  (GLOBE NEWSWIRE) &#8212; Terrestrial Energy has signed an engineering and construction services agreement with Aecon Group Inc. to support construction planning for an Integral Molten Salt Reactor (IMSR), Generation IV advanced nuclear power plant. Under this agreement, Aecon will review Terrestrial Energy\u2019s construction costs and schedules for IMSR, as well as undertake constructability, modularization, and supplier assessments for a broad range of activities including plans for site development and heavy civil construction.<\/p>\n<p align=\"justify\">Aecon Nuclear is the largest nuclear constructor in Canada. It provides a full spectrum of Engineering, Procurement and Construction (EPC) services, with specialized service capabilities unique to the nuclear industry. Aecon\u2019s nuclear qualifications cover a broad range of specialized engineering and construction services. It continues to play a critical role in the ongoing success of the two largest nuclear refurbishment projects in Ontario, which underscores its proven reputation as a partner-of-choice for planning, site preparation, construction and commissioning of Small Modular Reactors (SMR). To support the nuclear sector in Canada, Aecon maintains a nuclear quality management system compliant to the requirements of relevant nuclear standards including CSA Standards.<\/p>\n<p align=\"justify\">\u201cOne of our focus areas is to support SMR vendors and SMR deployment, where we can leverage our existing capabilities and resources in this fast-developing market,\u201d said Sean Sexstone, Senior Vice President, Aecon Nuclear. \u201cWe are pleased to support Terrestrial Energy and look forward to assisting further with the Company\u2019s IMSR power plant needs.\u201d<\/p>\n<p align=\"justify\">\u201cWe are making consistent progress with engineering, procurement and regulatory programs, all needed for first Canadian deployment of an IMSR power plant as early as 2028,\u201d said Simon Irish, CEO of Terrestrial Energy. \u201cThis agreement with Aecon ensures that IMSR deployment is supported by expert engineering and construction resources, particularly those to confirm construction costs, construction schedule and pre-construction plans.\u201d<\/p>\n<p align=\"justify\">\n        <strong>About Terrestrial Energy <\/strong>\n      <\/p>\n<p align=\"justify\">Terrestrial Energy is a developer of Generation IV advanced nuclear power plants that use its proprietary Integral Molten Salt Reactor (IMSR<sup>\u00ae<\/sup>) technology. IMSR<sup>\u00ae<\/sup> technology represents true innovation in cost reduction, versatility and functionality of nuclear power plants. IMSR<sup>\u00ae<\/sup> power plants will provide zero-carbon, reliable, dispatchable, cost-competitive electric power and high-grade industrial heat for use in many industrial applications, such as chemical synthesis and desalination, and in so doing extend the application of nuclear energy far beyond electric power markets. They have the potential to make important contributions to industrial competitiveness, energy security, and economic growth. Their deployment will support rapid global decarbonization of the primary energy system by displacing fossil fuel combustion across a broad spectrum. Using an innovative design, and proven and demonstrated molten salt reactor technology, Terrestrial Energy is engaged with regulators and industrial partners to complete IMSR<sup>\u00ae<\/sup> engineering and to commission first IMSR<sup>\u00ae<\/sup> power plants in the late 2020s. \u00a0<\/p>\n<p>\n        <strong>About Aecon<\/strong>\n      <\/p>\n<p align=\"justify\">As a Canadian leader in construction and infrastructure development with global expertise, Aecon Group Inc. (TSX: ARE) strives to be the number one Canadian infrastructure company and is proud to be recognized as one of the Best Employers in Canada. Aecon safely, profitably and sustainably delivers integrated solutions to private and public-sector clients through its Construction segment in the Civil, Urban Transportation, Nuclear, Utility and Industrial sectors, and provides project development, financing, investment and management services through its Concessions segment. Join our online community on Twitter, LinkedIn, Facebook and Instagram @AeconGroup.<\/p>\n<table style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:50%;width:50%;min-width:50%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: top\">\n            <strong>Contact:<\/strong><br \/>\n            <br \/>Brian Smith<br \/>Terrestrial Energy<br \/>Phone: +1 <strong>(416) 822-3130<\/strong><br \/>Email: <a href=\"mailto:bsmith@the-lanes.ca\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><strong>bsmith@the-lanes.ca<\/strong><\/a><\/p>\n<p><strong>Contact: <\/strong><br \/>Jarret Adams<br \/>Terrestrial Energy<br \/>Phone: +1 <strong>(202) 815-9234 <\/strong><br \/>Email: <a href=\"mailto:jadams@fulloncom.com\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><strong>jadams@fulloncom.com<\/strong><\/a><\/p>\n<p>Website: <a href=\"http:\/\/www.terrestrialenergy.com\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><strong>www.terrestrialenergy.com<\/strong><\/a><br \/>E-mail: <a href=\"mailto:info@terrestrialenergy.com\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><strong>info@terrestrialenergy.com<\/strong><\/a><\/p>\n<p><strong>Social Media<\/strong><br \/>Facebook: <a href=\"https:\/\/www.facebook.com\/TerrestrialMSR\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">TerrestrialMSR<\/a><br \/>Twitter: <a href=\"https:\/\/twitter.com\/TerrestrialMSR\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">TerrestrialMSR<\/a><br \/>YouTube:\u00a0<a href=\"https:\/\/www.youtube.com\/channel\/UC1A7ki5BMGxF67V9boVbdIw\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Terrestrial Energy<\/a><br \/>LinkedIn:\u00a0<a href=\"http:\/\/www.linkedin.com\/company\/terrestrial-energy-inc\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Terrestrial-Energy-Inc<\/a><br \/>Instagram: <a href=\"https:\/\/www.instagram.com\/terrestrial.energy\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Terrestrial.Energy<\/a><\/p>\n<p><strong>Keywords<\/strong><br \/>Environment<br \/>Climate<br \/>Nuclear Energy<br \/>Construction<br \/>EPC<\/td>\n<td style=\"max-width:50%;width:50%;min-width:50%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: top\">\n            <strong>Contact: <\/strong><br \/>\n            <br \/>Mark Schildroth<br \/>Manager, Corporate Affairs, Aecon<br \/>Phone: +1 (647) 317-9196<br \/>Email: <a href=\"mailto:mschildroth@aecon.com\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">mschildroth@aecon.com<\/a><\/p>\n<p><strong>Contact: <\/strong><br \/>Greg Thede<br \/>Aecon Nuclear<br \/>Phone: +1 (519) 239-3156<br \/>Email: <a href=\"mailto:gthede@aecon.com\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">gthede@aecon.com<\/a><\/p>\n<p>Website: <a href=\"https:\/\/www.aecon.com\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><strong>aecon.com<\/strong><\/a><\/p>\n<p><strong>Social Media<\/strong><br \/>Facebook: <a href=\"https:\/\/www.facebook.com\/AeconGroupInc\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Aecon Group Inc.<\/a>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<br \/>Twitter: <a href=\"https:\/\/twitter.com\/AeconGroup\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">AeconGroup<\/a>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<br \/>Instagram: <a href=\"https:\/\/www.instagram.com\/aecongroupinc\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">aecongroupinc<\/a>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<br \/>LinkedIn: <a href=\"https:\/\/www.linkedin.com\/company\/aecon\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Aecon Group Inc.<\/a>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n<p><strong>Keywords<\/strong><br \/>Environnent<br \/>Climate<br \/>Nuclear Energy<br \/>Construction<br \/>EPC<\/td>\n<\/tr>\n<\/table>\n<p>\u00a0<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIwOTg4MSM0MDU2MDY0IzIwOTExNjY=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/3c6018bb-4527-4ba8-b9a1-4e50579fd45b\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>OAKVILLE, Ontario, April 01, 2021 (GLOBE NEWSWIRE) &#8212; Terrestrial Energy has signed an engineering and construction services agreement with Aecon Group Inc. to support construction planning for an Integral Molten Salt Reactor (IMSR), Generation IV advanced nuclear power plant. Under this agreement, Aecon will review Terrestrial Energy\u2019s construction costs and schedules for IMSR, as well as undertake constructability, modularization, and supplier assessments for a broad range of activities including plans for site development and heavy civil construction. Aecon Nuclear is the largest nuclear constructor in Canada. It provides a full spectrum of Engineering, Procurement and Construction (EPC) services, with specialized service capabilities unique to the nuclear industry. Aecon\u2019s nuclear qualifications cover a broad range of specialized engineering and construction services. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/terrestrial-energy-announces-engineering-and-construction-services-agreement-with-aecon-supporting-integral-molten-salt-reactor-power-plant-development\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Terrestrial Energy Announces Engineering and Construction Services Agreement with Aecon Supporting Integral Molten Salt Reactor Power Plant Development&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-469722","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Terrestrial Energy Announces Engineering and Construction Services Agreement with Aecon Supporting Integral Molten Salt Reactor Power Plant Development - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/terrestrial-energy-announces-engineering-and-construction-services-agreement-with-aecon-supporting-integral-molten-salt-reactor-power-plant-development\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Terrestrial Energy Announces Engineering and Construction Services Agreement with Aecon Supporting Integral Molten Salt Reactor Power Plant Development - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"OAKVILLE, Ontario, April 01, 2021 (GLOBE NEWSWIRE) &#8212; Terrestrial Energy has signed an engineering and construction services agreement with Aecon Group Inc. to support construction planning for an Integral Molten Salt Reactor (IMSR), Generation IV advanced nuclear power plant. Under this agreement, Aecon will review Terrestrial Energy\u2019s construction costs and schedules for IMSR, as well as undertake constructability, modularization, and supplier assessments for a broad range of activities including plans for site development and heavy civil construction. Aecon Nuclear is the largest nuclear constructor in Canada. It provides a full spectrum of Engineering, Procurement and Construction (EPC) services, with specialized service capabilities unique to the nuclear industry. 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Under this agreement, Aecon will review Terrestrial Energy\u2019s construction costs and schedules for IMSR, as well as undertake constructability, modularization, and supplier assessments for a broad range of activities including plans for site development and heavy civil construction. Aecon Nuclear is the largest nuclear constructor in Canada. It provides a full spectrum of Engineering, Procurement and Construction (EPC) services, with specialized service capabilities unique to the nuclear industry. 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