Bathurst, New Brunswick (Thursday, September 7, 2023) – Moltex Energy Canada Inc. (Moltex), ARC Clean Technology (ARC), and NB Power are pleased to sponsor tomorrow’s Joint Economic Development Initiative (JEDI) golf tournament at the Gowan Brae Golf & Country Club.
JEDI is a leading New Brunswick non-profit organization that fosters Indigenous economic development and inclusion. Formed in 1995, it works closely with partners from Indigenous communities, organizations, government, and the private sector.
“Over the years, Moltex, ARC, and NB Power have proven their commitment to JEDI’s mission,” said Stanley Barnaby, CEO, JEDI. “They’ve made clear that Indigenous businesses will play a key role as development of advanced nuclear progresses in the province, and we value their ongoing support.”
Held annually, the golf tournament raises money for the JEDI Community Fund, which supports Indigenous-led initiatives throughout the province. In the past, the community fund has supported community powwows and gatherings, community elder and youth projects, and a National Day of Truth and Reconciliation event.
“Indigenous inclusion is a priority for Moltex, and JEDI’s work to enable Indigenous participation in the advanced nuclear industry is invaluable,” said Rory O’Sullivan, CEO, Moltex. “We’re proud to support their work through this golf tournament and at other events.”
“We are pleased to continue our sponsorship of the JEDI golf tournament for the third consecutive year,” said William Labbe, President and CEO, ARC. “The JEDI organization plays a vital role in promoting economic growth within the Indigenous community of New Brunswick, which is also an important priority for ARC within all phases of our project development and implementation.”
As “red fox” sponsors of the event, all three companies will share a booth by a hole at the tournament, where participants can learn more about small modular reactor (SMR) projects in the province. The sponsorship has also funded a photobooth for tournament participants and other attendees.
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.
About NB Power:
For over 100 years, NB Power has been a part of the cultural and economic fabric of New Brunswick. The provincial electric utility has one of the most diverse generation fleets in North America, with approximately 80 per cent non-emitting generation. Over 2,600 energy experts provide reliable, safe and sustainable energy for over 400,000 direct and indirect customers every day. Using a customer-centric approach, NB Power is committed to developing sustainable energy for future generations of New Brunswickers. Part of this commitment includes investments in energy efficiency programs, energy solutions, renewable energy sources and smart grid technology.