Terrestrial Energy Inc. Appoints Sarfraz M. Taj as Vice President of Business Development
Nuclear industry veteran brings two decades of M&A, strategic development, and international business experience from Constellation Energy
Latest strategic hire reinforces Terrestrial Energy's commitment to attracting top-tier talent as company accelerates Integral Molten Salt Reactor (IMSR) commercialization following public listing
CHARLOTTE, N.C., Nov. 04, 2025 (GLOBE NEWSWIRE) -- Terrestrial Energy Inc. (NASDAQ: IMSR) (“Terrestrial Energy” or the “Company”), a developer of small modular nuclear plants using advanced reactor technology, today announced the appointment of Sarfraz M. Taj as Vice President of Business Development. Mr. Taj brings more than 20 years of nuclear industry leadership experience from Constellation Energy Corporation, where he most recently served as Director of Corporate Development (M&A) and Strategic Projects.
“Sarfraz is a seasoned nuclear industry executive who will be instrumental in the expansion of our strategic partnerships, customer relationships and business opportunities across the U.S. and globally,” said Simon Irish, CEO of Terrestrial Energy. “Bringing Sarfraz onto the Terrestrial Energy team marks a milestone as we advance IMSR plants to deployment and commercial operation and to meet the accelerating demand for the clean, firm and cost-competitive energy that we can provide.”
At Constellation Energy, Sarfraz played a key role in a range of major strategic transactions. He worked with Constellation's executive leadership team on target identification, business case development, due diligence, risk assessment, and transaction execution. Mr. Taj also supported the development and execution of strategic initiatives across new nuclear development, hydrogen, and advanced clean technologies. Prior to his corporate development role, Mr. Taj held various leadership positions at Exelon Corporation (Constellation's predecessor company), including Director of Business Development & Project Execution, where he built a robust global pipeline across Korea, Japan, the Middle East, Poland, and the UK, achieving more than $75 million in revenues across several new jurisdictions. He also served as Exelon’s Territory Manager for Middle East & North Africa (“MENA”), establishing Exelon's presence in the $300+ billion MENA nuclear market. Mr. Taj holds a Bachelor of Science in Nuclear, Plasma & Radiological Engineering from the University of Illinois at Urbana-Champaign and a Master of Business Administration from the University of Chicago Booth School of Business.
“Terrestrial Energy's innovative IMSR technology represents the future of clean, reliable, and cost-competitive nuclear power,” said Mr. Taj. “The company's strategic use of Standard Assay Low-Enriched Uranium fuel and capex-light business model positions it uniquely in the advanced nuclear market. I look forward to leveraging my experience in global business development and strategic partnerships to accelerate IMSR deployment and support the company's ambitious growth plans.”
Today’s announcement follows a number of key appointments by Terrestrial Energy in recent months, including the hiring of David O'Keefe in the role of Vice President of Business Development and Project Management. Mr. O’Keefe brings over 25 years of energy sector experience to Terrestrial Energy, including key roles held at Centrus Energy Corp. and Pacific Gas & Electric’s National Energy and Gas Transmission subsidiary.
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 transformative operating benefits of molten salt reactor technology in a plant design that represents true innovation in capital efficiency, cost reduction, versatility and functionality of nuclear energy supply. IMSR plants are designed to be small and modular for distributed supply of low-cost, reliable, dispatchable, clean, high-temperature industrial heat and electricity, and to be customized for dual-use energy role relevant to many industrial applications, such as petrochemical and chemical synthesis, and data center operation. In so doing, IMSR plants 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 transformative commercial potential. Terrestrial Energy is engaged with regulators, suppliers, industrial partners and energy end-users to build, license and commission the first IMSR plants in the early 2030s.
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