Terrestrial Energy Announces Addition of Caterpillar Inc. to Its International Advisory Board
NEW YORK, NY – December 8, 2015 – Terrestrial Energy announces the addition of Caterpillar Inc. to its International Advisory Board. Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Caterpillar was ranked number one in its industry and number 54 overall in the 2015 Fortune 500. Caterpillar will be represented by Daniel Henderson, Director of Research and Advanced Engineering.
Caterpillar partners with industry, government and academic institutions around the world to leverage worldclass expertise and speed the pace of research and development for the benefit of its customers. Research and development is powered by the Caterpillar engineering community of more than 11,000 highly skilled technical experts, including 350 PhD-level scientists and technologists, around the world. Boasting more than 15,000 active patents, Caterpillar engineers and scientists apply innovative thinking and state-of-the-art tools to find solutions that will help customers now and in the future.
Mr. Henderson made the following comments regarding Caterpillar’s participation on Terrestrial Energy’s International Advisory Board: “We look forward to working with Terrestrial Energy on Integral Molten Salt Reactor (IMSR) technology. The IMSR has the potential to be used in a wide range of energy and industrial applications. Being part of the International Advisory Board is a good way for Caterpillar to participate with Terrestrial Energy in its development of this interesting technology.”
Terrestrial Energy CEO, Simon Irish, made the following comment regarding the appointment: “Caterpillar’s extensive industrial engineering capabilities are valuable for IMSR technology, and include those relevant to the development of technologies that link IMSR heat with industrial needs, such as electric power provision for the off-grid market where Caterpillar has a global footprint. Terrestrial Energy is very pleased to have Caterpillar’s support.”
For 90 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. Customers turn to Caterpillar to help them develop infrastructure, energy and natural resource assets. With 2014 sales and revenues of $55.184 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company principally operates through its three product segments - Construction Industries, Resource Industries and Energy & Transportation - and also provides financing and related services through its Financial Products segment. For more information, visit caterpillar.com. To connect with us on social media, visit caterpillar.com/social-media.
About Terrestrial Energy
Terrestrial Energy is developing a next-generation nuclear reactor based on its Integral Molten Salt Reactor (IMSR) technology. The IMSR represents true innovation in cost and functionality. It will offer reliable power solutions for electricity production, both on- and off-grid, and also energy for industrial process heat generation. These together extend the applicability of nuclear energy far beyond its current footprint. With this profile, the IMSR is capable of driving the rapid global decarbonization of the primary energy system by displacing fossil fuel combustion across a broad front. It is complementary to renewable power sources and ideal for distributed power systems on existing grids. Using an innovative design and proven Molten Salt Reactor technology, the IMSR can be brought to global markets next decade. Terrestrial Energy is currently developing its IMSR commercial demonstration power plant for deployment in Canada. Terrestrial Energy will be represented at COP21 in Paris, France in early December 2015. COP21 is the 21st Session of the Conference of the Parties to the United Nations Framework Convention on Climate Change. COP21 is the largest climate change conference to-date. Terrestrial Energy is proud to be taking part, and ensuring the rightful position of advanced nuclear technology as a significant agent of decarbonization. The Company is registered for the Sustainability Innovation Forum, which is an event organized by the United Nations Environment Programme. SIF15 the largest side event of COP21, and the largest business-focused event at COP21. The Company’s advisors are also engaged in various speaking engagements in the Generation Climat section, within Le Bourget.