The nuclear land energy go public via spac, netting $ 280 million

Terrestrial energy, a small nuclear initial, tackled with a skill of Wednesday.

Canadian company developed the small reactors a lot of modular and look at NET $ 280 million by agreement. Before the fuser spac, Terrial energy had raised $ 94 million, according to pitchbook. The combined entity is looking forward to listing on NASDAQ under the Ismr symbol.

The ticyclist is a reference to energy fleet of energy energy (SMR), which calls a whole jumping jump. In a fuel, urian fuel is mixed with various salts, as fluoreside of lithium or sodium, which serves to the nuclear fuel and act the reactor

The heart of reinforcement generalization of energy is intended to be replaced in all of each severe, part of the head in itself of the problems before first feature. The core of the reactor does not include fuel fuel rolling the speed of fixed reactions, but also the heat exchanges they maintain the fresh salt and flow.

The starter is divide a seawater markets, including electrical power, data centers, industrial questions they need warmth.

There are many extant proposals to build commercial scale dusty crazy caliatives, but the date, nobody was built. Basic technology was invented in the 1950s but two experiments from that one were trouble drowning. I am

Nuclear power has received renewed attention as electrification of buildings and transport, accompanied with the The rapid growth of the data centerssent the expert electricity.

The TECH Firms will always be interested in the technology as a possibility as possible to the requirements of the actions of Action Ai and inference. Google, Meta, Amazonand it Sam altman of Openai All chose a horse in the race to develop advanced nuclear reactors.

Terrestrial energy is not the first SMR startup at SPAC – the Altman-backed Oklo ended their business In the 2024 – and given the current hype around nuclear power, it is possible to be the last.