{"id":373,"date":"2020-05-14T14:03:00","date_gmt":"2020-05-14T14:03:00","guid":{"rendered":"http:\/\/moltex.flywheelsites.com\/?p=373"},"modified":"2021-07-19T20:32:30","modified_gmt":"2021-07-19T20:32:30","slug":"moltex-energy-selected-to-receive-of-3-5m-to-advance-reactor-technology","status":"publish","type":"post","link":"https:\/\/www.moltexenergy.com\/fr\/moltex-energy-selected-to-receive-of-3-5m-to-advance-reactor-technology\/","title":{"rendered":"Moltex Energy selected to receive of $4.5M to advance reactor technology"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Moltex Energy\u2019s stable salt reactor that burns existing nuclear waste selected to receive funding through US DOE<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Wilmington, Delaware (Thursday, May 14, 2020)<\/strong>\u00a0\u2013\u00a0<a href=\"https:\/\/www.moltexenergy.com\/\">Moltex Energy<\/a>\u00a0is pleased to have been selected to receive $4.5 million to advance its Stable Salt Reactor \u2013 Wasteburner (SSR-W) technology. The funds are being awarded by the\u00a0<a href=\"https:\/\/arpa-e.energy.gov\/\">Advanced Research Projects Agency-Energy<\/a>\u00a0(ARPA-E), an agency within the\u00a0<a href=\"https:\/\/www.energy.gov\/\">United States Department of Energy<\/a>\u00a0(US DOE).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe are grateful to the US DOE for recognizing the potential benefits of this unique and innovative technology,\u201d said Rory O\u2019Sullivan, CEO for North America, Moltex Energy. \u201cMoltex Energy\u2019s SSR-W burns existing nuclear waste safely and cost-effectively, reducing waste stockpiles while generating clean grid-scale electricity.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Nuclear waste in the US represents 25% of global stockpiles. The SSR-W can help significantly reduce waste, clean US grids and boost the national economy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The SSR-W also offers thermal energy storage from renewables, collecting and storing the energy produced by renewables such as wind and solar during peak generation, and feeding it back into the grid when electricity demand goes up.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Moltex Energy applied for the funds through&nbsp;Generating Electricity Managed by Intelligent Nuclear Assets&nbsp;(GEMINA), an ARPA-E program focused on making a transformational change to current advanced reactor designs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is the second round of funding Moltex Energy has been selected for by ARPA-E. The first was&nbsp;<a href=\"https:\/\/www.moltexenergy.com\/us-department-of-energy-awards-2-55m-grant-to-moltex-energy\/\">announced in July 2019<\/a>&nbsp;when the company received $2.55 million to commercialize and scale up its SSR-W.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThese investments enable us to leverage US nuclear expertise, which is among the best in the world,\u201d added O\u2019Sullivan. \u201cThe technological advancements we make in the US will be applied to the reactor we are building in New Brunswick.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Two years ago,\u00a0<a href=\"https:\/\/www.moltexenergy.com\/moltex-energy-signs-agreement-for-first-deployment-of-its-ssr-w-nuclear-reactor-in-new-brunswick\/\">Moltex Energy was selected<\/a>\u00a0by New Brunswick Energy Solutions Corporation and New Brunswick Power to develop its SSR-W technology in New Brunswick, with the aim of deploying the first SSR-W at the Point Lepreau nuclear reactor site before 2030.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cOur continued collaboration with Canadian, US and UK governments and private and public organizations will help us achieve our long-term goal of global decarbonization\u201d concluded O\u2019Sullivan.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Media contact:<br><\/strong>Erin Polka<br>Director of Communications<br>Moltex Energy<br><a href=\"mailto:erinpolka@moltexenergy.com\">erinpolka@moltexenergy.com<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>About Moltex:<br><\/strong>Moltex Energy is a privately held company striving to solve the world&rsquo;s most critical challenge, providing safe, clean and affordable energy. The company has offices in the United States, Canada and the United Kingdom and collaborates with other innovators and nuclear energy experts worldwide. The mission is to cost-effectively produce carbon-free electricity so that fossil fuels can stay in the ground. \u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Moltex Energy is one of two companies that NB Power has selected to explore building Small Modular Reactors (SMRs) in New Brunswick, Canada. Moltex has developed a first-of-its-kind technology to build a better nuclear reactor that will safely, cleanly and economically solve global energy issues and power the planet in the 21st century. The workforce, along with the existing nuclear generating station and a supportive government, make New Brunswick an ideal location to build this technology.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Moltex Energy\u2019s stable salt reactor that burns existing nuclear waste selected to receive funding through US DOE Wilmington, Delaware (Thursday, May 14, 2020)\u00a0\u2013\u00a0Moltex Energy\u00a0is pleased to have been selected to receive $4.5 million to advance its Stable Salt Reactor \u2013 Wasteburner (SSR-W) technology. The funds are being awarded by the\u00a0Advanced Research Projects Agency-Energy\u00a0(ARPA-E), an agency [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20],"tags":[],"class_list":["post-373","post","type-post","status-publish","format-standard","hentry","category-news-releases"],"acf":[],"featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","400":"","600":"","800":"","square":"","squarenew":"","rectnew":"","gform-image-choice-sm":"","gform-image-choice-md":"","gform-image-choice-lg":""},"post_excerpt_stackable_v2":"<p>Moltex Energy\u2019s stable salt reactor that burns existing nuclear waste selected to receive funding through US DOE Wilmington, Delaware (Thursday, May 14, 2020)\u00a0\u2013\u00a0Moltex Energy\u00a0is pleased to have been selected to receive $4.5 million to advance its Stable Salt Reactor \u2013 Wasteburner (SSR-W) technology. The funds are being awarded by the\u00a0Advanced Research Projects Agency-Energy\u00a0(ARPA-E), an agency within the\u00a0United States Department of Energy\u00a0(US DOE). \u201cWe are grateful to the US DOE for recognizing the potential benefits of this unique and innovative technology,\u201d said Rory O\u2019Sullivan, CEO for North America, Moltex Energy. \u201cMoltex Energy\u2019s SSR-W burns existing nuclear waste safely and cost-effectively, reducing\u2026<\/p>\n","category_list_v2":"<a href=\"https:\/\/www.moltexenergy.com\/category\/news-releases\/\" rel=\"category tag\">News releases<\/a>","author_info_v2":{"name":"Info","url":"https:\/\/www.moltexenergy.com\/fr\/author\/info\/"},"comments_num_v2":"3 commentaires","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Moltex Energy selected to receive of $4.5M to advance reactor technology - Moltex Energy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.moltexenergy.com\/moltex-energy-selected-to-receive-of-3-5m-to-advance-reactor-technology\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Moltex Energy selected to receive of $4.5M to advance reactor technology - Moltex Energy\" \/>\n<meta property=\"og:description\" content=\"Moltex Energy\u2019s stable salt reactor that burns existing nuclear waste selected to receive funding through US DOE Wilmington, Delaware (Thursday, May 14, 2020)\u00a0\u2013\u00a0Moltex Energy\u00a0is pleased to have been selected to receive $4.5 million to advance its Stable Salt Reactor \u2013 Wasteburner (SSR-W) technology. 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