financetom
Business
financetom
/
Business
/
Terrestrial Energy Expands Contract With Westinghouse Electric for UK Nuclear Fuel Pilot Plant; Shares Rise
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Terrestrial Energy Expands Contract With Westinghouse Electric for UK Nuclear Fuel Pilot Plant; Shares Rise
Nov 5, 2025 7:58 AM

10:43 AM EST, 11/05/2025 (MT Newswires) -- Terrestrial Energy ( IMSR ) expanded its contract with Springfields Fuels, a subsidiary of Westinghouse Electric, for the design and construction of its Integral Molten Salt Reactor fuel pilot plant in Preston, UK.

Financial details weren't disclosed.

The expanded contract builds on an August 2023 agreement and "includes a wide range of commercial-scale fuel services, such as deconversion, fabrication, packaging and transportation," at the nuclear fuel manufacturing site, Terrestrial said Wednesday in a statement

Construction is scheduled to begin in 2026. Upon completion, the facility will be positioned to scale toward commercial fuel production for a future fleet of small modular nuclear plants, the company said.

Terrestrial shares rose 14% in recent Wednesday trading.

Price: 15.55, Change: +1.89, Percent Change: +13.81

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved