TikTok | July 23, 2020
U.S. federal employees would be barred from using Chinese-owned mobile video app TikTok on government-issued devices under a bill that passed a U.S. Senate Committee on Wednesday, as lawmakers feared the security of users’ personal data. The “No TikTok on Government Devices Act” from Senator Josh Hawley was passed unanimously by the U.S. Senate Committee on Homeland Security and Governmental Affairs, and will be taken up by the U.S. Senate for a vote.
OpenGov | June 24, 2021
OpenGov, the market leader in modern cloud ERP software for our nation's cities, counties, and state agencies, today announced the acquisition of ProcureNow, the industry's fastest-growing, top multi-tenant SaaS software provider for government procurement and contract management.
ProcureNow, like OpenGov, allows government leaders to serve stakeholders with the most effective solutions intended to simplify critical processes, enable data-driven choices, and openly communicate outcomes. OpenGov, in collaboration with ProcureNow's full lifecycle procurement management software, which includes powerful solicitation and contract development automation, continues to power governments' most strategic processes: budgeting and planning, citizen services, financial management, reporting and transparency, and, now, procurement – all in the cloud.
Procurement significantly impacts a government's ability to meet strategic objectives such as budget accountability, spend control, supplier diversity, economic growth, and citizen experience. It is becoming more critical in allowing remote work and investments related to the American Rescue Plan Act and the Coronavirus Aid, Relief, and Economic Security Act. By incorporating this necessary solution into the OpenGov ERP Cloud, the merged company is better positioned to fulfill the modernization requirements of the nation's most forward-thinking administrators, finance, and community development professionals.
OpenGov is the market leader in delivering modern cloud software to our nation's state and local governments to enable more effective and accountable governance. OpenGov solutions, designed specifically for the public sector's unique budgeting, financial, and community development requirements, assist our more than 1,000 clients in planning effectively, increasing efficiency, and improving participation through better collaboration and transparency.
ProcureNow, based in San Francisco, is a recognized small business to transform efficiency and innovation in local government by providing a complete toolkit for creating and sourcing government RFPs and bids. ProcureNow's Government Procurement Automation Cloud connects governments and local businesses through technology that enables more suppliers to confidently read, understand, and react to complicated government bids.
Terrestrial Energy | November 26, 2021
Terrestrial Energy USA was awarded a $3 million grant from the U.S. Department of Energy (DOE) to support licensing and commercialization of its Integral Molten Salt Reactor (IMSR), a Generation IV nuclear power plant. The largest of the DOE awards announced Nov. 18, the award supports modeling and simulation for the off-gas systems of the IMSR power plant, supporting the company’s regulatory program for U.S. NRC licensing.
“Advanced reactors will completely change the way we engineer, build, and operate nuclear reactors,” said Dr. Kathryn Huff, Principal Deputy Assistant Secretary for Nuclear Energy, in a press release announcing the awards. “These awards support technical and regulatory strides necessary for commercializing new carbon-free nuclear technologies poised to help our nation reach net-zero emissions by 2050.”
Terrestrial Energy is developing its IMSR Generation IV small modular reactor (SMR) power plant for commercial deployment in the late 2020s and is engaged with regulators in the United States and Canada. The Generation IV molten salt technology used by the IMSR power plant delivers a 50 percent increase in the thermal efficiency of electric power generation compared to power plants that use conventional – water-moderated-water-cooled –reactor technology. This provides a step-change improvement in the economics of nuclear power generation while preserving nuclear energy’s carbon-free and resiliency advantages over other energy sources.
“We value this grant and the Department of Energy’s support as we work to license and commercialize the IMSR nuclear power plant in the United States. It is encouraging that DOE sees the potential of Generation IV technologies and the IMSR. These grant programs support private companies as they work to deliver nuclear power technologies that can succeed in competitive global energy markets and deliver global net-zero goals. Technologies such as our IMSR Generation IV nuclear plants will produce reliable, cost-competitive heat and power without emissions, making them uniquely capable of competing with fossil fuels.”
Terrestrial Energy USA CEO Simon Irish
About Terrestrial Energy USA
Terrestrial Energy USA, based in Charlotte, NC, is developing the Integral Molten Salt Reactor (IMSR) for U.S. market deployment. The IMSR is a non-Light Water Reactor that uses Generation IV technology to generate electricity 50 percent more efficiently than conventional – water-moderated-water-cooled – nuclear reactor technology. The IMSR represents a step-change improvement in economics, versatility and functionality of nuclear power plants that is possible only with Generation IV technology. IMSR power plants will provide resilient, reliable, dispatchable, zero-carbon and cost-competitive electric power, as well as high-grade industrial heat for use in many industrial applications, such as chemical synthesis, hydrogen production and desalination, and in so doing extend the application of nuclear energy far beyond electric power markets. IMSR power plants have the potential to make important contributions to industrial competitiveness, energy security, and economic growth.