Saint John, NB – Moltex Energy is pleased to speak at the New Brunswick Advanced SMR Program Webinar hosted by the Organization of Canadian Nuclear Industries (OCNI) taking place on May 6 at 12:00 pm AST.
This webinar will focus on how New Brunswick has emerged as an advanced Small Modular Reactor (SMR) hub and the efforts to build a local supply chain to support this industry.
Rory O’Sullivan, CEO for North America at Moltex Energy said, “Moltex Energy is one of two companies that NB Power has selected to explore building Small Modular Reactors (SMRs) in New Brunswick. We have developed a first-of-its-kind technology to build a better nuclear reactor that will safely, cleanly and economically power the planet in the 21st century.”
Nuclear power is essential to address our global energy issues as intermittent renewables alone cannot meet the current and future demand. Many countries around the world have stockpiles of nuclear waste from their current plants and Moltex has discovered a clean, safe and economical way to recycle this waste.
Moltex Energy’s breakthrough science uses spent fuel from nuclear reactors and converts it to low cost electricity by processing existing spent fuel pellets to create a new liquid fuel for the reactor. This fuel is then burnt in the Stable Salt Reactor (Wasteburner).
Stable Salt Reactors (SSRs) have many advantages. This technology can produce power at a lower cost than fossil fuelled power generation, it can store energy to complement intermittent renewable energy sources and largely eliminates the problem of nuclear waste from current nuclear power generating stations.
Mr. O’Sullivan added, “This webinar will provide an opportunity to discuss our breakthrough technology and ensure the existing supply chain is ready and adaptable to work in this exiting field, all while staying safe at home.”
Founded in 1979, OCNI is an association of leading Canadian suppliers to the nuclear industry in Canada and abroad. “OCNI is pleased to create this opportunity to begin discussions on how the broader Canadian nuclear supply can work with local companies to build a strong supply chain in New Brunswick” said OCNI President and CEO, Ron Oberth.
Registration is free and open to the public. To register for the visit https://ocni.ca/events/new-brunswick-as-an-advanced-smr-hub/
Registration closes at 11:30 am on May 6th, 2020
About Moltex Energy:
Moltex Energy is a privately held company striving to solve the world’s most critical challenge, providing safe, clean and affordable energy. The company has headquarters in the United Kingdom and New Brunswick 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.
Moltex Energy is one of two companies that NB Power has selected to explore building Small Modular Reactors (SMRs) in New Brunswick. 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.
About the Organization of Canadian Nuclear Industries (OCNI):
Based in Pickering, Ontario, the Organization of Canadian Nuclear Industries (OCNI) is an association of more than 220 Canadian suppliers to the nuclear industry that employ more than 20,000 highly skilled and specialized engineers, technologists, and trades people. OCNI companies design reactors, manufacture major equipment and components, and provide engineering services and support to CANDU nuclear power plants in Canada as well as to CANDU and Light Water Reactor (LWR) plants in offshore markets.