Terrestrial Energy Opens North Carolina Headquarters, Advancing U.S. Leadership in Generation IV Reactor Development
Terrestrial Energy (HOND) has announced the opening of its new corporate headquarters in Charlotte, North Carolina, marking a strategic move to strengthen its U.S. nuclear supply chain presence. The company, which develops small modular nuclear power plants using Generation IV Integral Molten Salt Reactor (IMSR) technology, aims to deliver cost-competitive, high-temperature clean energy solutions.
The company has established a partnership with Siemens for key electric power components and recently signed an MOU with Ameresco, Inc. for hybrid energy systems development. Terrestrial Energy distinguishes itself by using Standard-Assay Low Enriched Uranium (LEU) fuels instead of HALEU, and plans to site an IMSR plant at the Texas A&M-RELLIS campus.
Terrestrial Energy (HOND) ha annunciato l'apertura della nuova sede aziendale a Charlotte, North Carolina, un passo strategico per rafforzare la propria presenza nella filiera nucleare statunitense. L'azienda, che progetta piccole centrali modulari basate sulla tecnologia Generation IV Integral Molten Salt Reactor (IMSR), punta a fornire soluzioni energetiche pulite ad alta temperatura e competitive in termini di costi.
Terrestrial Energy ha avviato una collaborazione con Siemens per componenti elettrici chiave e ha recentemente firmato un memorandum d'intesa con Ameresco, Inc. per sviluppare sistemi energetici ibridi. L'azienda si distingue per l'uso di combustibili Standard-Assay a basso arricchimento (LEU) anziché HALEU e prevede di insediare un impianto IMSR nel campus Texas A&M-RELLIS.
Terrestrial Energy (HOND) ha anunciado la apertura de su nueva sede corporativa en Charlotte, Carolina del Norte, un movimiento estratégico para afianzar su presencia en la cadena de suministro nuclear de EE. UU. La compañía, que desarrolla pequeñas centrales nucleares modulares con la tecnología Generation IV Integral Molten Salt Reactor (IMSR), tiene como objetivo ofrecer soluciones energéticas limpias de alta temperatura y coste competitivo.
La empresa ha establecido una alianza con Siemens para componentes eléctricos clave y recientemente firmó un memorando de entendimiento con Ameresco, Inc. para el desarrollo de sistemas energéticos híbridos. Terrestrial Energy se diferencia por utilizar combustibles Standard-Assay de bajo enriquecimiento (LEU) en lugar de HALEU, y planea ubicar una planta IMSR en el campus Texas A&M-RELLIS.
Terrestrial Energy (HOND)가 미국 핵 공급망 입지를 강화하기 위한 전략적 조치로 노스캐롤라이나주 샬롯에 새 본사를 개설했다고 발표했습니다. 이 회사는 Generation IV Integral Molten Salt Reactor(IMSR) 기술을 이용한 소형 모듈형 원자로를 개발하며, 비용 경쟁력이 있는 고온 청정 에너지 솔루션 제공을 목표로 합니다.
회사 측은 주요 전력 부품에 대해 지멘스(Siemens)와 협력관계를 맺었고, Ameresco, Inc.와는 하이브리드 에너지 시스템 개발을 위한 양해각서(MOU)를 최근 체결했습니다. Terrestrial Energy는 HALEU 대신 표준농도 저농축우라늄(Standard-Assay LEU)을 연료로 사용한다는 점에서 차별화되며, Texas A&M-RELLIS 캠퍼스에 IMSR 플랜트를 설립할 계획입니다.
Terrestrial Energy (HOND) a annoncé l'ouverture de son nouveau siège social à Charlotte, Caroline du Nord, marquant une initiative stratégique pour renforcer sa présence dans la chaîne d'approvisionnement nucléaire américaine. L'entreprise, qui développe des petites centrales nucléaires modulaires utilisant la technologie Generation IV Integral Molten Salt Reactor (IMSR), vise à fournir des solutions énergétiques propres, à haute température et compétitives en termes de coûts.
La société a établi un partenariat avec Siemens pour des composants électriques clés et a récemment signé un protocole d'entente avec Ameresco, Inc. pour le développement de systèmes énergétiques hybrides. Terrestrial Energy se distingue par l'utilisation d'uranium faiblement enrichi Standard-Assay (LEU) plutôt que de HALEU, et prévoit d'implanter une centrale IMSR sur le campus Texas A&M-RELLIS.
Terrestrial Energy (HOND) hat die Eröffnung seiner neuen Firmenzentrale in Charlotte, North Carolina bekannt gegeben — ein strategischer Schritt zur Stärkung seiner Präsenz in der US-amerikanischen nuklearen Lieferkette. Das Unternehmen entwickelt kleine modulare Kernkraftwerke mit Generation-IV Integral Molten Salt Reactor (IMSR)-Technologie und will kostengünstige, hochtemperaturige saubere Energielösungen bereitstellen.
Terrestrial Energy hat eine Partnerschaft mit Siemens für wichtige elektrische Komponenten geschlossen und kürzlich ein Memorandum of Understanding mit Ameresco, Inc. zur Entwicklung hybrider Energiesysteme unterzeichnet. Das Unternehmen hebt sich dadurch ab, dass es Standard-Assay Low Enriched Uranium (LEU) anstelle von HALEU verwendet, und plant, ein IMSR-Kraftwerk auf dem Texas A&M-RELLIS-Campus zu errichten.
- None.
- Early stage development with no operational plants yet
- Significant capital requirements for nuclear plant development and deployment
Insights
Terrestrial Energy's new NC headquarters strengthens US nuclear position with domestic supply chain strategy and LEU-based Generation IV reactor development.
Terrestrial Energy's establishment of a Charlotte headquarters represents a strategic positioning within America's nuclear revival landscape. The company's focus on domestic supply chains for its Integral Molten Salt Reactor (IMSR) technology differentiates it in the competitive Generation IV nuclear space. Most notably, their use of Standard-Assay Low Enriched Uranium instead of HALEU sidesteps a critical supply constraint hampering many advanced reactor developers - a pragmatic approach reducing deployment risks.
The Siemens partnership for power transformers and steam turbines leverages established supply relationships dating back to 2021, providing credibility to their commercialization roadmap. This supply chain strategy directly addresses two critical challenges in nuclear development: cost certainty and construction timelines. By reducing foreign supply dependencies, the company mitigates both geopolitical and economic risks that have plagued previous nuclear projects.
The company's recent technical milestone with NRG PALLAS, MOU with Ameresco for hybrid energy systems, and plans for an IMSR plant at Texas A&M-RELLIS demonstrate tangible progress beyond conceptual development. Their strategic focus on high-temperature applications positions them for industrial, data center and grid markets - addressing precisely where clean firm energy commands premium value.
This headquarters opening signals acceleration in Terrestrial's commercialization timeline and represents a maturation point in their business development, transitioning from technology development toward market deployment with an increasingly robust organizational infrastructure in a key nuclear industry hub.
Terrestrial Energy continues to advance commercialization of Integral Molten Salt Reactor (IMSR) technology to supply high-temperature, clean, firm and flexible thermal and electric energy to key markets including the industrial, data center, and grid power.
CHARLOTTE, N.C., Sept. 04, 2025 (GLOBE NEWSWIRE) -- Terrestrial Energy Inc. (“Terrestrial Energy” or “the Company”), a developer of small modular nuclear power plants using its Generation IV reactor technology, today announced the opening of its new corporate headquarters in Charlotte, North Carolina. The new office represents a significant milestone in Terrestrial Energy's growth trajectory and affirms the Company’s commitment to U.S. nuclear supply chains as a central strategy for the rapid deployment of its Integral Molten Salt Reactor (IMSR) plants across key U.S. industrial sectors. Terrestrial Energy is committed to the delivery of cost-competitive high-temperature, clean, firm thermal and electric energy supply that is essential to power the reshoring of U.S. manufacturing and AI leadership.
Terrestrial Energy’s U.S.-anchored supply chain, stretching across many U.S. States, mitigates trade uncertainties by reducing reliance on foreign suppliers. From its new North Carolina base of operations, the company is positioned to leverage America's nuclear ecosystem and expert workforce in the nuclear, oil and gas, and heavy industrial sectors for supply of key nuclear components and systems, together with engineering services, for IMSR plant construction and project management in the delivery of commissioned plants.
The Company’s focus on a domestically-secured supply chain, inclusive of North Carolina supplier partnerships, and its use of Standard-Assay Low Enriched Uranium (LEU) fuels – as opposed to supply-restricted High-Assay Low-Enriched Uranium (HALEU) – is a distinguishing feature of the Terrestrial Energy’s strategy to deliver a nuclear energy solution to the U.S. market that is policy-resilient and cost-certain. Terrestrial Energy is sourcing key electric power components, including power transformers and steam turbines, from global energy technology leader Siemens, a long-standing North Carolina employer with eight locations across the state. Siemens and Terrestrial Energy have been engaged on IMSR plant component supply since 2021.
“Terrestrial Energy’s new headquarters will be driving the development of our IMSR plant and its supply chain, while advancing our leadership in the U.S. advanced nuclear reactor sector,” said Simon Irish, CEO of Terrestrial Energy. “This is an extraordinary time for the nuclear sector, and as the United States seeks energy dominance, it offers an unmatched environment for nuclear energy innovation. North Carolina’s business and energy leadership provides the perfect anchor to expand our domestic operations.”
“Terrestrial Energy’s decision to grow in Charlotte underscores the South’s leadership in advanced nuclear,” said Kenneth J. Nemeth, Secretary and Executive Director of the Southern States Energy Board. “As an organization with roots in nuclear energy, SSEB welcomes the company’s investment in our region. As an SSEB Associate Member, Terrestrial Energy is strengthening domestic supply chains, creating high-value jobs, and advancing clean, reliable power for the industries that drive our member states’ economies.”
Today’s announcement comes amidst a period of accelerating growth for Terrestrial Energy, following a critical materials testing milestone in partnership with NRG PALLAS, as well as a recently-signed MOU with leading energy solutions provider Ameresco, Inc. to develop customized hybrid energy systems. Earlier this year, Terrestrial Energy announced plans to site an Integral Molten Salt Reactor (IMSR) plant at the Texas A&M-RELLIS campus as part of a powerful hub to drive advanced nuclear innovation in Texas and the United States.
About Terrestrial Energy
Terrestrial Energy is a developer of Generation IV nuclear plants that use its proprietary Integral Molten Salt Reactor (IMSR). The IMSR captures the full transformative operating benefits of molten salt reactor technology in a plant design that represents true innovation in cost reduction, versatility and functionality of nuclear energy supply. IMSR plants are designed to be small and modular for distributed supply of zero-carbon, reliable, dispatchable, low-cost, high-temperature industrial heat and electricity, and for a dual-use energy role relevant to many industrial applications, such as chemical synthesis and data center operation. In so doing, they extend the application of nuclear energy far beyond electric power markets. Their deployment will support the rapid global decarbonization of the primary energy system across a broad spectrum and increase its sustainability. Terrestrial Energy uses an innovative plant design together with proven and demonstrated molten salt reactor technology and standard nuclear fuel for a nuclear plant with a unique set of operating characteristics and compelling commercial potential. Terrestrial Energy is engaged with regulators, suppliers and industrial partners to build, license and commission the first IMSR plants in the early 2030s.
On March 26, 2025, Terrestrial Energy and HCM II Acquisition Corp. (Nasdaq: HOND) announced that they have entered into a definitive Business Combination Agreement for a business combination (the “Business Combination”) that would result in the combined Company (Terrestrial Energy) to be listed on the Nasdaq Stock Market under the ticker symbol “IMSR”.
Important Information for Shareholders
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or constitute a solicitation of any vote or approval.
The proposed business combination will be submitted to shareholders of HCM II for their consideration. HCM II has filed a registration statement on Form S-4 (as amended, and may be further amended from time to time, the “Registration Statement”) with the SEC, which includes a preliminary proxy statement/prospectus solicitation statement to be distributed to HCM II’s shareholders in connection with HCM II’s solicitation for proxies for the vote by HCM II’s shareholders in connection with the proposed business combination and other matters described in the Registration Statement, as well as the prospectus relating to the offer of the securities to be issued to Terrestrial Energy’s shareholders in connection with the completion of the proposed business combination. In connection with the business combination, HCM II and Terrestrial Energy will file with the SEC registration statement on Form S-4 (the “Registration Statement”), which will include a preliminary prospectus of HCM II relating to the offer of securities to be issued in connection with the business combination, and a preliminary proxy statement of HCM II to be distributed to holders of HCM II’s capital shares in connection with HCM II’s solicitation of proxies for vote by HCM II’s shareholders with respect to the Business Combination and other matters described in the Registration Statement HCM II and Terrestrial Energy also plan to file other documents with the SEC regarding the business combination. . After the Registration Statement has been declared effective by the SEC, a definitive proxy statement/prospectus will be mailed to the shareholders of HCM II and Terrestrial Energy. INVESTORS OF HCM II AND TERRESTRIAL ENERGY ARE URGED TO READ THE REGISTRATION STATEMENT, THE PROXY STATEMENT/PROSPECTUS CONTAINED THEREIN (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) AND ALL OTHER DOCUMENTS RELATING TO THE BUSINESS COMBINATION THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE BUSINESS COMBINATION.
Investors will be able to obtain free copies of the proxy statement/prospectus and other documents containing important information about HCM II and Terrestrial Energy once such documents, when available, through the website maintained by the SEC at http://www.sec.gov. In addition, the documents filed by HCM II may be obtained free of charge from HCM II’s website at https://hcmacquisition.com/ or by written request to HCM II at 100 First Stamford Place, Suite 330 Stamford, CT 06902.
Participants in the Solicitation
HCM II and Company, and their respective directors and executive officers, may be considered participants in the solicitation of proxies with respect to the potential transaction described in this communication under the rules of the SEC. Information about the directors and executive officers of HCM II is set forth in HCM II’s filings with the SEC. Information regarding other persons who may, under the rules of the SEC, be deemed participants in the solicitation of the shareholders in connection with the potential transaction and a description of their direct and indirect interests will be set forth in the Registration Statement (and will be included in the proxy statement/prospectus) and other relevant documents when they are filed with the SEC. These documents can be obtained free of charge from the sources indicated above.
Forward Looking Statements
The statements contained in this press release that are not purely historical are forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding our expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.
The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on HCM II and the Company. There can be no assurance that future developments affecting HCM II and the Company will be those that we have anticipated. These forward-looking statements speak only as of the date this press release is actually delivered and involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the definitive agreements with respect to the Business Combination; (2) the outcome of any legal proceedings that may be instituted against HCM II, the Company, the combined company or others following the announcement of the Business Combination and any definitive agreements with respect thereto; (3) the inability to complete the Business Combination due to the failure to obtain approval of the shareholders of HCM II or the SEC’s declaration of the effectiveness of the Registration Statement (which will include the proxy statement/prospectus contained therein) to be filed by HCM II and the Company or to satisfy other conditions to closing; (4) changes to the proposed structure of the Business Combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the Business Combination; (5) the ability of HCM II to meet stock exchange listing standards following the consummation of the Business Combination; (6) the risk that the Business Combination disrupts current plans and operations of the Company as a result of the announcement and consummation of the Business Combination; (7) the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of the combined Company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (8) costs related to the Business Combination, including the reorganization described in the business combination agreement; (9) changes in applicable laws or regulations; (10) the possibility that the Company or the combined company may be adversely affected by other economic, business, and/or competitive factors; (11) the amount of redemption requests made by HCM II shareholders and (12) other risk factors described herein as well as the risk factors and uncertainties described in that certain prospectus of HCM II dated August 15, 2024 and the HCM II’s other filings with the SEC, as well as any further risks and uncertainties to be contained in the proxy statement/prospectus filed after the date hereof. In addition, there may be additional risks that neither HCM II or Company presently know, or that HCM II or Company currently believe are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made.
None of HCM II, the Company, any placement agent nor any of their respective affiliates, officers, employees or agents, makes any representation or warranty, either express or implied, in relation to the fairness, reasonableness, adequacy, accuracy, completeness or reliability of the information, statements or opinions, whichever their source, contained in this press release or any oral information provided in connection herewith, or any data it generates and accept no responsibility, obligation or liability (whether direct or indirect, in contract, tort or otherwise) in relation to any of such information. HCM II, the Company and their respective affiliates, officers, employees and agents further expressly disclaim any and all liability relating to or resulting from the use of this press release and any errors therein or omissions therefrom. Further, the information contained herein is preliminary, is provided for discussion purposes only, is only a summary of key information, is not complete and is subject to change without notice.
In addition, the information contained in this press release is provided as of the date hereof and may change, and neither HCM II nor the Company undertakes any obligation to update or revise any forward-looking statements, whether as a result of new information, inaccuracies, future events or otherwise, except as may be required under applicable securities laws.
Terrestrial Energy Investor Center:
https://www.terrestrialenergy.com/investors
Terrestrial Energy Media & Investor Contact:
TerrestrialEnergy@icrinc.com
HCM II Investor Contact:
HCM II Acquisition Corp.
Steven Bischoff
sbischoff@hondiuscapital.com
(203) 930-2200
FAQ
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