Will Moltex build SMRs in Canada?

“As a company planning to build SMRs in Canada, Moltex welcomed the opportunity to contribute to the Action Plan,” added O’Sullivan. “It was an opportunity for Moltex to show movement in key areas, and highlight the unique ways in which its technology will benefit Canadians.”

What funding does Moltex receive from Canada?

Moltex receives funding from Canada’s Strategic Innovation Fund and Atlantic Canada Opportunities Agency to advance the company’s molten salt reactor and spent fuel recycling technology in New Brunswick

What is Moltex Energy?

Moltex was selected by NB Power and the Government of New Brunswick to progress development of its reactor technology in New Brunswick, Canada, with the aim of deploying its first reactor at the Point Lepreau nuclear site by the early 2030s. For more information visit:

How will Moltex impact Canada?

As it proceeds rapidly towards commercial development, Moltex will draw on Canada’s world-class nuclear supply chain, creating hundreds of high-value jobs. In the next 15 years, these jobs will contribute approximately $1 billion to Gross Domestic Product and result in about $100 million in federal government revenue.

Is Moltex a stream 2 SMR vendor?

Moltex also embraces its key role as a Stream 2 SMR vendor focused on innovative methods of reducing nuclear by-products. “The Action Plan is an important step forward for the nuclear industry,” said Rory O’Sullivan, Chief Executive Officer, North America, Moltex Energy.

How much money will Moltex invest in the SIF program?

The SIF funds represent $47.5 million of the total federal government investment, and Moltex will match these funds dollar-for-dollar. The full amount will be used to progress the SSR-W and WATSS designs and validate key assumptions to support the Canadian Nuclear Safety Commission’s Pre-Licensing Vendor Design Review Phase 2.