"This is not a race to the first plant. The real commercial race here, Jim, is the race to fleet deployment next decade, and that's the one that we want to win." 9/9

"we can serve as heat, power, and any combination in between ... Our steam systems are nonnuclear. ... This is one of the virtues of some Generation IV systems. ... you can basically rearrange them quickly without having to re-argue a safety case, which is uneconomic." 8/9

"if you can actually bring the means of gigawatt-scale industrial production with a small and modular nuclear plant to the point of industrial demand, you have something that is really a unique and different paradigm." 7/9

"The idea that you put something massive at the center of the grid and then string cables to distribute it -- that's going to take a lot of time to build that out. ... You get bottlenecks in it. We have grid congestion." 6/9

"David's design [David LeBlanc, founder and CTO of Terrestrial Energy] of a molten-salt reactor met my criteria as a nuclear machine that could be developed quickly and was very much aligned with the commercial requirements that I believe had to be met ..." 5/9

"If you look to the nuclear industry and how technologies have been selected, they've been selected for many different reasons. But I don't think nuclear technologies have ever been selected solely from the perspective of commercial performance of a nuclear machine in competitive markets." 4/9

"investors are saying 'There's something extraordinarily interesting going on here. It's not cyclical; this is a one-off moment. I want to participate ...' So the access to capital now, because of that tremendous change in sentiment, is really very different than three years ago." 3/9

"the public [market] sector investors are becoming increasingly interested in gaining exposure to the type of massive innovation factors that are now at play in the nuclear tech sector." 2/9

Moltex further commented that the UNB lab is now the leading facility in Canada for discovering the physical and chemical properties of molten salts--which is necessary for reactor safety evaluation and permitting. Moltex said it was pleased to help support the design of this facility. 2/2

The IAEA/GIF IV webinar has other presentations of interest. Fans of Kirk Sorensen and Flibe Energy will enjoy his speculative concepts for maritime power plants, which are far removed from his company's current development work. 3/3

Conceptual design is now complete, and Saltfoss will begin the formal licensing process in South Korea later in 2025. They plan to start construction in 2030 and start reactor operation in 2032. By the end of the 2030s they aim to have up to 6 gigawatts in operation. 2/3

The Canadian subsidiary is putting a positive spin on a potential sale and moving ahead with pre-licensing work.

As for the reorganization, the Canadian CEO is hopeful:

"Rory O’Sullivan ... said the British company’s shareholders would not approve the Canadian subsidiary’s fundraising efforts, effectively stalling them.... 'Really, we are just excited to get new owners in place and get back to business.' "

I don't know, but it's a good idea!