Terrestrial Energy announces Calgary nuclear technology development office

March 7, 2023
General Business New Economy Energy & Environment
Winter Skyline Travel Alberta

Photo Credit: Travel Alberta

Terrestrial Energy, a Canadian nuclear technology company dedicated to delivering reliable, emission-free nuclear energy, will expand its operations into Alberta by establishing an engineering, research and development office in Calgary. 

“Calgary is a global leader in cleantech innovation and companies like Terrestrial Energy will help power our pathway to a net-zero economy,” said Brad Parry, President and CEO, Calgary Economic Development. 

“Our city is home to experts in all things energy and has the companies, capital and talent to achieve Canada’s energy transition goals.” 

Founded in 2013 and headquartered in Oakville, Ontario, Terrestrial Energy works to commission its zero-emissions heat and power plants for industrial consumers. The company is engaged with organizations throughout North America, the United Kingdom and other global jurisdictions to deploy its zero-carbon energy technology, which is designed to generate high-efficiency, grid-based power. 

Terrestrial Energy was attracted to Calgary for its leadership in the energy sector, access to a large industrial base, high number of international head offices and business-friendly environment. 

“Alberta’s economy has momentum, and Terrestrial Energy wants to be a part of that momentum,” said Minister Rajan Sawhney, Trade, Immigration and Multiculturalism. 

“With low corporate tax rates, decreased red tape for businesses, and a ready workforce, Alberta has an economic atmosphere that cannot be matched.” 

Working together with Calgary Economic Development and Invest Alberta, Terrestrial Energy chose the Western-Canadian city for its business community that collaborates with industry and government to drive growth and innovation.  

Calgary is named a top 30 cleantech ecosystem to watch in North America by Startup Genome and is home to head offices of major companies throughout the energy value-chain. With the highest proportion of post-secondary STEM graduates in Canada, Calgary has the energy expertise and skilled talent to advance a net-zero economy. 

“Alberta is a global energy hub with a track record of pursuing innovation in energy markets,” said Simon Irish, CEO, Terrestrial Energy. 

“Today its industries are investigating the potential of nuclear innovation to deliver transformative changes, supported by the provincial government’s continued focus on innovation and growth.” 

In the pursuit of a net-zero future, nuclear energy diversifies Alberta’s energy market and attracts unique investments in cleantech.  

“Terrestrial Energy’s expansion into Alberta reflects the potential Alberta holds for energy transition and emission reduction,” said Rick Christiaanse, CEO, Invest Alberta.  

As Alberta’s energy landscape continues to evolve, Terrestrial Energy’s proprietary technology has the potential to attract skilled labour to our province and create more new jobs in a rapidly evolving sector.  

Terrestrial Energy secured space for its Western Canadian operation in Suncor Energy Centre. The company is actively recruiting regional talent to fill positions to support its Alberta-based commercial operation ambitions. 

For more information on Calgary’s energy and environment industry, visit our sector profile

Subscribe to Our Mailing List