Moltex Energy

Company profile

Moltex Energy company profile

Moltex Energy is a nuclear technology leader that has caught the attention of governments, utilities and investors worldwide. With its innovative Stable Salt Reactor - Wasteburner (SSR-W), Moltex provides a carbon-free electricity generation solution that combines low upfront costs with reliable, large-scale power (300-500 MWe per reactor). This, coupled with inherently safe design features, makes the SSR-W suitable for siting in many communities. The SSR-W is a molten salt reactor that uses recycled nuclear waste as fuel. This fuel is produced using Moltex's WAste To Stable Salt (WATSS) recycling process, and offers a cost-effective, environmentally friendly, and socially acceptable solution to waste minimization. Thanks to GridReserve, energy from the SSR-W can be stored as heat and dispatched to the grid during periods of peak demand. This allows the reactor to complement intermittent renewable sources such as wind and solar. Moltex was selected by NB Power to progress development of its reactor technology in New Brunswick, Canada, with the goal of deploying first-of-a-kind SSR-W, WATSS and GridReserve units at the Point Lepreau site.