Terrestrial Energy logo — Carbon-Free Energy for Global Industry

Terrestrial Energy

Carbon-Free Energy for Global Industry

Founded 2013 United States Charlotte, United States 66 employees Venture round Total: $89.30M

General Information

Company Name Terrestrial Energy
Founded Year 2013
Location United States Charlotte, United States
Employees 66
Funding Stage Venture round
Social

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About Terrestrial Energy

Terrestrial Energy is a developer of Generation IV nuclear plants that utilize its proprietary Integral Molten Salt Reactor (IMSR) technology. The IMSR technology aims to provide zero-carbon, reliable, dispatchable, low-cost high-temperature industrial heat and electricity, extending the application of nuclear energy beyond electric power markets. Founded in 2013 and based in the United States, Terrestrial Energy is focused on building, licensing, and commissioning the first IMSR power plants by the early 2030s. The company's innovative design and proven molten salt reactor technology offer compelling commercial potential. Terrestrial Energy's IMSR plants have the potential to significantly contribute to industrial competitiveness, energy security, and economic growth, supporting rapid global decarbonization of the primary energy system. The company is engaged with regulators, suppliers, and industrial partners to advance its mission. The recent Venture Round investment in October 17, 2022, underscores the interest and potential for the IMSR technology. As a result, Terrestrial Energy is positioning itself to play a significant role in the global transition to sustainable and carbon-free energy solutions, particularly in industrial applications such as chemical synthesis and desalination.

Business keywords: Terrestrial Energy, IMSR technology, Generation IV nuclear plants, Molten salt reactor, Clean energy, Small modular reactor, Green hydrogen, Green ammonia, Cogeneration, Industrial heat, Decarbonization, Energy security, Economic growth, Nuclear energy, Energy supply

Funding Rounds & Investors (10)

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Funding Stage Amount Investors Lead Investors Date
Venture Round Undisclosed -
17 Oct 2022
Grant $3.00M 1
US Department of Energy
24 Nov 2021
Venture Round $18.81M -
13 May 2021
Grant $20.00M 1
Strategic Innovation Fund
15 Oct 2020
Venture Round $5.42M -
24 Jul 2020
Venture Round $15.16M -
22 Mar 2019
Venture Round $5.91M -
22 Sep 2017
Series A $5.30M -
07 Sep 2016
Grant $5.70M -
05 Mar 2016
Series A $10.00M -
07 Jan 2016

Terrestrial Energy Alternatives & Competitors

View All Alternatives
Terrestrial Energy vs
Fuella
Fuella Norway

Green hydrogen to de-carbonize heavy industries

Private Equity
9 employees
Renewable Energy, Clean Energy
Terrestrial Energy vs
C-Zero
C-Zero United States

Decarbonizing Natural Gas

Venture round
26 employees
Energy, Industrial
Terrestrial Energy vs
Plug Power
Plug Power United States

Green Hydrogen at Work

Post-IPO Equity
2207 employees
Energy, Industrial

FAQ About Terrestrial Energy

Carbon-Free Energy for Global Industry
Terrestrial Energy was founded in 2013.
Terrestrial Energy is headquartered in Charlotte, United States.
Terrestrial Energy has approximately 66 employees.
Terrestrial Energy has completed 10 funding rounds, raising a total of $89.30M. The latest funding stage is Venture round.
Top alternatives and competitors to Terrestrial Energy include Fuella, C-Zero, Plug Power, Electric Hydrogen, Protium. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Terrestrial Energy and Fuella are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Terrestrial Energy, https://bouncewatch.com/company/terrestrial-energy, updated 5 January 2025. When citing, please name BounceWatch and link this page.

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