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April 5, 2021 – Small modular reactor developer Moltex Energy has received $50.5 million from Canada’s Strategic Innovation Fund (SIF) and Atlantic Canada Opportunities Agency (ACOA) to advance its project to design and commercialize a molten salt reactor and spent fuel recycling facility. Meantime, through its Centre for Canadian Nuclear Sustainability (CCNS), Ontario Power Generation (OPG) has joined forces with Moltex, and is providing $1 million in funding to help the company demonstrate the technical viability of its process for recycling used CANDU fuel. Moltex plans to build the world’s first 300-MW Stable Salt Reactor-Wasteburner (SSR-W) and WAste-to-Stable-Salt (WATSS) facility at the Point Lepreau Generating Station site in Saint John, N.B., and provide electricity to the grid by the early 2030s.

Rory osullivanMelissa youngJohn gormanAtlantic canada opportunities agencyCanada strategic innovation fundNb powerCanadian nuclear safety commission preCentre for canadian nuclear sustainabilityMoltex energyStrategic innovation fundCanadian nuclear associationNational electrical trade councilCanadian nuclear sustainabilityOntario power generationSalt reactor wasteburnerPoint lepreau generating station