Terrestrial Energy Overview
- Year Founded
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2013

- Status
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Private
- Employees
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72

- Latest Deal Type
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Later Stage VC
- Latest Deal Amount
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$29.3M
- Investors
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5
Terrestrial Energy General Information
Description
Developer of a reactor power plant technology designed to displace fossil-fuel combustion. The company's technology offers an integral molten salt reactor (IMSR) that delivers heat and creates a system to harness the clean energy of the atom safely and economically, enabling businesses to generate heat for hydrogen and methanol production without any decarbonization.
Contact Information
Website
www.terrestrialenergy.comCorporate Office
- 9319 Robert Drive
- Snyder Road
- Charlotte, NC 28223
- United States
Corporate Office
- 9319 Robert Drive
- Snyder Road
- Charlotte, NC 28223
- United States
Terrestrial Energy Timeline
Terrestrial Energy Valuation & Funding
Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
---|---|---|---|---|---|---|
11. Later Stage VC | 17-Jul-2024 | $29.3M | Completed | Generating Revenue | ||
10. Later Stage VC | 17-Oct-2023 | Completed | Generating Revenue | |||
9. Grant | 24-Nov-2021 | Completed | Generating Revenue | |||
8. Later Stage VC | 13-May-2021 | Completed | Generating Revenue | |||
7. Later Stage VC | 24-Jul-2020 | Completed | Generating Revenue | |||
6. Later Stage VC | 22-Mar-2019 | Completed | Product Development | |||
5. Early Stage VC (Series B) | 22-Sep-2017 | Completed | Product Development | |||
4. Early Stage VC (Series A) | 07-Sep-2016 | Completed | Startup | |||
3. Grant | 04-Mar-2016 | $4.15M | $909K | Completed | Startup | |
2. Angel (individual) | 10-Dec-2015 | $909K | $909K | Completed | Startup |
VC Exit Predictor
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Terrestrial Energy Comparisons
Industry
Financing
Details
Terrestrial Energy Competitors (5)
One of Terrestrial Energy’s 5 competitors is ThorCon, a Venture Capital-Backed company based in Dubai, United Arab Emirates.
Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
---|---|---|---|---|---|---|
ThorCon | Venture Capital-Backed | Dubai, United Arab Emirates | ||||
NuScale Power | Formerly VC-backed | Portland, OR | ||||
TerraPower | Venture Capital-Backed | Bellevue, WA | ||||
Holtec International | Private Debt Financed | Jupiter, FL | ||||
GE Aerospace | Corporation | Cincinnati, OH |
Terrestrial Energy Patents
Terrestrial Energy Recent Patent Activity
Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
---|---|---|---|---|---|
CA-3120773-A1 | Cooling system for nuclear reactor | Pending | 27-Nov-2018 | ||
US-20220375635-A9 | Cooling system for nuclear reactor | Active | 27-Nov-2018 | ||
US-20210398697-A1 | Cooling system for nuclear reactor | Active | 27-Nov-2018 | ||
US-12040098-B2 | External closed-loop nuclear reactor cooling assembly enclosed in a protective structure | Active | 27-Nov-2018 | ||
EP-3874522-A4 | Power plant | Pending | 31-Oct-2018 | F03G6/065 |
Terrestrial Energy Signals
Terrestrial Energy Investors (5)
Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
---|---|---|---|---|
Varana Capital | PE/Buyout | Minority | ||
Government of Canada | Government | |||
U.S. Department of Energy | Government | |||
Sustainable Development Technology Canada | Venture Capital | Minority | ||
Danny Way | Angel (individual) | Minority |
Terrestrial Energy FAQs
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When was Terrestrial Energy founded?
Terrestrial Energy was founded in 2013.
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Where is Terrestrial Energy headquartered?
Terrestrial Energy is headquartered in Charlotte, NC.
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What is the size of Terrestrial Energy?
Terrestrial Energy has 72 total employees.
-
What industry is Terrestrial Energy in?
Terrestrial Energy’s primary industry is Energy Infrastructure.
-
Is Terrestrial Energy a private or public company?
Terrestrial Energy is a Private company.
-
What is Terrestrial Energy’s current revenue?
The current revenue for Terrestrial Energy is
. -
How much funding has Terrestrial Energy raised over time?
Terrestrial Energy has raised $94.3M.
-
Who are Terrestrial Energy’s investors?
Varana Capital, Government of Canada, U.S. Department of Energy, Sustainable Development Technology Canada, and Danny Way have invested in Terrestrial Energy.
-
Who are Terrestrial Energy’s competitors?
ThorCon, NuScale Power, TerraPower, Holtec International, and GE Aerospace are competitors of Terrestrial Energy.
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