Nuclear startup Terrestrial Energy goes public via SPAC, netting $280M in merger

Terrestrial energy, a small nuclear start, integrates with an acquisition organization on Wednesday.

The North Carolina -based company is developing small modular reactors and expects to net $ 280 million from this deal. Before spack margar, Ground strength Pitchbook collected $ 94 million in according to the pitchbook. The combined entity expects Nasdak to list according to the IMSR symbol.

The ticker is a mention of the smell of the small modular furnace (SMR) of the terrestrial energy, which is called an integral molten salt furnace. In this national device, uranium fuel is mixed with various salt, such as lithium fluoride or sodium fluoride, which suspends nuclear fuel and acts as the main coolant of the reactor.

The reactor core of the terrestrial energy is designed to fully replace every seven years, to remove some of the problems of the previous molten salt furnace, such as Zarai. The reactor does not contain only fuel and graphite modular in the core that controls the speed of separation reactions, but the heat exchanger and the pumps that keep the salt cool and flowing.

Startup is aimed at various markets, including electric power, data centers and industrial applications that need heat.

There are many existing proposals to make commercial-scale molten salt reactors, but none of them have been built up to today. Basic technology was invented in the 1950s, but there were two tests of that era VulgarThe

Nuclear power has received new attention as building and transporting electrification, combined with it Rapid growth of data centersDemand for electricity is increasing.

Technology agencies have become increasingly interested in technology as a possible solution to AI training and assumption electricity requirements. Google, Meet, AmazonAnd Opena Everyone has chosen a horse in the competition to develop advanced nuclear reactors.

Terrestrial Energy Spack’s First SMR Startup Nine-Oltman-Supported Oklo Finished This is the contract In 2024 – and the current hype around the nuclear energy, it is possible that it will not end.