Moncton, New Brunswick (Wednesday, October 25, 2023) – Moltex Energy Canada Inc. (Moltex) and ARC Clean Technology (ARC) are proud to sponsor this week’s Indigenous-Led Energy Symposium, taking place today and tomorrow at the Crowne Plaza Moncton Downtown.
Organized by North Shore Mi’kmaq Tribal Council (NSMTC), an investor in both ARC and Moltex technologies, the event brings together leaders from First Nation communities, utilities, government, and industry for two days of conversation and collaboration on opportunities related to decarbonization milestones, with an emphasis on Indigenous involvement.
“Since arriving in New Brunswick in 2018, Indigenous inclusion has been a priority for Moltex, and NSMTC has become a valued partner for us,” said Rory O’Sullivan, CEO, Moltex. “We’re pleased to deepen this relationship and to continue these important conversations with our presence at this event.”
Both companies are silver sponsors of the event. O’Sullivan will join Jill Doucett, Vice President, Corporate Affairs and Human Resources for ARC for a panel titled “Advanced Small Modular Reactors: Technology Readiness and Deployment Timelines.” In addition, staff from both Moltex and ARC will be onsite at their own respective booths to share information and answer questions about the companies’ technologies.
“ARC Clean Technology is honoured to participate in the 2nd Annual Indigenous-Led Energy Symposium organized by our partners, North Shore Mi’kmaq Tribal Council,” said Bill Labbe, President and CEO, ARC Clean Technology. “At ARC, we are committed to ensuring that our advanced small modular reactor projects meaningfully include Indigenous perspectives. We look forward to a productive two days filled with open dialogue and collaboration with Indigenous leaders, youth and community members.”
Moltex is a nuclear technology leader that has caught the attention of governments, utilities and investors worldwide. It is developing three unique technologies: a Stable Salt Reactor – Wasteburner (SSR-W) that uses recycled nuclear waste as fuel; a WAste To Stable Salt (WATSS) process for recycling nuclear waste to produce SSR-W fuel; and GridReserve thermal energy storage tanks, enabling the SSR-W to act as a peaking plant. 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.
ARC Clean Technology Canada, Inc. (ARC) is a clean energy technology company developing the ARC-100, an advanced small modular reactor (aSMR) offering inherently safe, reliable, and economical carbon free power. Leveraging proven technology from the 30-year performance of its prototype, the ARC-100’s simple, modular design provides 100 megawatts of electricity and industrial heat that will be cost competitive with fossil fuels. Important applications include the decarbonization of heavy industry, the fueling of low-carbon hydrogen projects, and the creation of life-saving medical isotopes. The ARC-100 has been selected by New Brunswick Power for implementation on their Point Lepreau site with completion by the end of this decade. ARC Clean Technology Canada, Inc. has offices in Saint John, New Brunswick and is a subsidiary of ARC Clean Technology Inc. based in Washington, DC.