Moltex Energy Canada Inc. and SNC-Lavalin Group have announced a strategic partnership to advance clean nuclear energy.
SNC-Lavalin, a fully integrated professional services and project management company with offices around the world, will support the development and deployment of Moltex’s innovative nuclear technologies.
“Canada and the world will need to explore all nuclear technology options to meet net zero commitments,” said Joe St. Julian, President, Nuclear, SNC-Lavalin.
“Given the scale of the challenge, it is important that we work on the deployment of Gen III SMRs and grid-scale reactors and look to the future and support the development of Gen IV reactors.
“Moltex’s unique Gen IV molten salt design can not only help achieve net zero carbon, but it can also help to reduce nuclear waste.”
“SNC-Lavalin is pleased to support Moltex as it pursues a project to license and construct the first of a kind (FOAK) waste-burning reactor in New Brunswick, Canada.”
Moltex will draw on SNC-Lavalin’s world-class network of experts in engineering, licensing and regulatory affairs, cost estimating, supplier qualification and management, quality assurance, and construction and operation planning.
SNC-Lavalin will collaborate with Moltex to attract new customers and promote Moltex’s business goals.
“SNC-Lavalin’s partnership with Moltex is a resounding endorsement of our nuclear technologies,” said Rory O’Sullivan, Chief Executive Officer, North America, Moltex Energy.
“SNC-Lavalin has an impeccable record of delivering projects on time and on budget and will be an invaluable partner as we progress the development of our technologies and grow our business.
“In addition, Mr. St. Julian has accepted a seat on the Moltex board of directors, where his experience and leadership will be greatly valued.”
The agreement has also garnered recognition and support from the provinces of New Brunswick and Ontario.
“New Brunswick welcomes investment in clean energy, especially as it builds on the province’s established core of expertise in nuclear technology,” said the Hon. Mike Holland, New Brunswick Minister of Natural Resources and Energy Development.
“This agreement contributes not only to the growth of long-term, high-quality jobs in New Brunswick’s energy sector; it also recognizes the leadership role of both Moltex and the province in advancing the next generation of nuclear technology.”
“I’m thrilled to welcome this new partnership between Moltex and SNC-Lavalin that builds our provincial energy industry, one renowned for its talented workforce and strong nuclear supply chain,” said the Hon. Todd Smith, Ontario Minister of Energy.
“We know the world is watching us when it comes to SMRs. This partnership enhances our clean energy advantage and reputation as a global hub for SMR expertise, making Ontario an even more attractive place to do business and create jobs.”