Louis Plowden-Wardlaw was Appointed as General Counsel at Terrestrial Energy Inc

Date of management change: February 03, 2014 

What Happened?

Mississauga, ON-based Terrestrial Energy Inc has Appointed Louis Plowden-Wardlaw as General Counsel

 

About the Company

Terrestrial Energy Inc. (“TEI”) was founded in late 2012 and is headquartered in Ontario, Canada. TEI's mission is to develop an operational commercial-scale demonstration Molten Salt Reactor by 2021 – fully licensed and ready for substantial commercial deployment. The Company has been formed around Dr. David LeBlanc and his intellectual property portfolio. Dr. LeBlanc is the internationally recognized expert on MSR technology. TEI’s founding board of directors consists of executives from the oil-sands, mining and finance sectors. TEI’s international advisory board consists of highly credible experts in nuclear science, nuclear engineering and nuclear regulatory policy. This board has deep roots into the U.S. nuclear science establishment with the services of Dr. Ralph Moir and Richard Engel. Dr. Moir was co-author and colleague of Edward Teller – one of the "founding fathers" of U.S. nuclear science – both known for their strong advocacy of MSR technology. Richard Engel was responsible for many aspects of the design, construction, operation and management of Oak Ridge National Lab’s highly successful MSR. No other engineer has as much MSR experience today. TEI has a four-phase business plan to develop, obtain necessary licenses, and commercialize its proprietary MSR technology – the Integral Molten Salt Reactor (“IMSR”). The IMSR will provide a clean, safe, compact, reliable, modular, cost-competitive energy source for power and industrial heat at the point of demand. It will be developed over a range of sizes, from 80 MWt to 600 MWt. TEI views Canada as a favorable jurisdiction for development, licensing and marketing of the IMSR. The market for the IMSR is enormous – any industry that requires reliable cost-competitive heat and power at point of demand. For example: ammonia and fertilizer production, mining, oil-sands production, petroleum refining, desalination…to name but a few. The IMSR is expected to be as inexpensive to build as a natural gas power station, yet have the operating and fuel cycle costs of an LWR – the best of both worlds. With this combination the IMSR has the potential to be the most cost-competitive source of energy for heat and power today. When its proliferation resistance, low long-lived waste production and passive safety are also considered, TEI's IMSR is a compelling proposition. TEI believes it can achieve its mission by 2021. The IMSR is a revolution in energy cost innovation – it is the most disruptive energy technology today.

 

About the Person

Louis Plowden-Wardlaw was called to the English Bar in 1990 and subsequently worked as a banking and asset finance solicitor with Watson, Farley and Williams. He then joined Royal Bank of Canada, London, where he was Legal Counsel and Head of Legal. He has advised numerous companies including Credit Suisse, KBC Financial Products, and North Asset Management, an investment manager, where he was General Counsel and Head of Execution. He was for six years a Director of Argo Real Estate Opportunities Fund Limited, a public company running and building retail parks in Central and Eastern Europe. He is a Director of a software services company, General Counsel Limited, and a founding Trustee of the Activation Trust. Mr Plowden-Wardlaw graduated with an LLB (Law, First class) from the University of Birmingham and an MSc (Finance) from London Business School, and is a Liveryman of the City of London.  

 

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