Terrestrial Energy claims two principal advantages over legacy nuclear power plants.
Second, the Terrestrial Energy IMSR plant can be used to generate either electricity or industrial steam.
[1] Relative to other Generation IV designs, Terrestrial Energy’s IMSR uses no unproven engineering concepts, instead leveraging proven technologies in a unique way.
This is meant to reduce licensing and timeline risks that have slowed the adoption of other approaches.
[citation needed] Alberta, Ontario, New Brunswick and Saskatchewan began jointly working to advance SMR in April 2021. https://www.nextbigfuture.com/2022/08/terrestrial-energy-and-alberta-commercializing-smr-reactor.html The plant is designed for industrial cogeneration as well as power generation.