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Moltex receives $50.5M support for small modular reactor technologies


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. ....

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