Terrestrial Energy (IMSR) Investor presentation summary

Market opportunity and demand drivers

• Addressable market for IMSR Plants projected to grow from $1.6T to $2.3T by 2050, targeting industrial heat and electricity sectors.

• High demand from data centers, industrial processes, and coal plant replacements, with policy support for nuclear energy.

• Over 1,000 IMSR Plants implied for industrial heat and electricity markets in OECD by 2050.

• Growth driven by AI data center expansion, grid reliability needs, and energy security concerns.

• Portfolio includes 10+ projects and 50+ consortium relationships for deployment.

Technology and competitive advantages

• IMSR uses molten salt coolant, enabling 585°C operation, 44% net thermal efficiency, and low-pressure design.

• Modular, factory-built design allows fast construction, siting flexibility, and lower capital costs.

• Uses readily available LEU fuel (<5% enrichment), avoiding supply chain bottlenecks of HALEU.

• Patented replaceable core-unit design simplifies maintenance and extends plant life to 50+ years.

• High inherent safety and regulatory progress, including CNSC and NRC reviews.

Business model and financials

• Capital-light model with revenues starting at site development and recurring over 50+ years.

• Four revenue streams: pre-construction services, construction/component supply, core-unit replacement, and fuel supply.

• Gross margins range from 23% (pre-construction) to 40% (fuel supply), with cumulative revenue per plant estimated at ~$2.7B.

• Customers include industrial, technology, municipal, and utility off-takers.

• Standardized, modular systems support rapid scaling and cost efficiencies.