Moltex Energy has joined the United States Nuclear Industry Council (USNIC), the leading U.S. business advocate for advanced nuclear energy and promoter of the American supply chain, globally.
USNIC represents approximately 80 companies engaged in nuclear innovation and supply chain development, including technology developers, manufacturers, construction engineers, key utility movers, and service providers.
USNIC’s educational programs, industry insights, and market intelligence brings together bi-partisan Federal and State legislators to create a successful clean energy paradigm that includes nuclear.
“We are excited to have Moltex join USNIC and contribute to the advancement of the U.S. nuclear industry,” said Bud Albright, President and Chief Executive Officer, USNIC.
“Moltex’s innovative nuclear reactor, which can use recycled LWR waste as fuel, would be a tremendous asset for the country in its efforts to minimize nuclear waste, decarbonize the grid and meet net-zero goals.”
Moltex is developing a Stable Salt Reactor – Wasteburner (SSR-W) that runs on recycled nuclear waste, as well as a WAste To Stable Salt (WATSS) nuclear waste recycling facility.
In the U.S., by the time the current fleet of nuclear reactors reaches end of life, there will be enough nuclear waste to power approximately 20 GW of SSR-W units.
By joining USNIC, Moltex is reaffirming its interest in identifying opportunities for reactor development and deployment in the U.S.
Just a few months earlier, Moltex joined the Nuclear Energy Institute (NEI), the largest and most prominent nuclear trade association representing the current U.S. operating fleet of reactors.
In addition, considerable research and development is already ongoing in the U.S. With a combined $7M USD in funding from the U.S. Department of Energy Advanced Research Projects Agency-Energy (ARPA-E), Moltex is working on validation experiments with Argonne National Laboratory, Oak Ridge National Laboratory, Electric Power Research Institute, Purdue University and Vanderbilt University.
“Our technology is very well-suited to the U.S. market, given the significant and growing stockpiles of nuclear waste,” said Rory O’Sullivan, Chief Executive Officer, North America, Moltex Energy.
“With our technology, we can turn nuclear waste that would otherwise be destined for expensive, long-term storage into more clean energy.”
Moltex also recently received $50.5M CAD from the Government of Canada to progress the development of its technology.
Moltex is building the first-of-a-kind SSR-W and WATSS facility in New Brunswick, Canada. In 2018, NB Power and the Government of New Brunswick selected Moltex to develop its technology in the region, with the goal of commercial operation next to the Point Lepreau Nuclear Generating Station.