London, Canada
Moltex Energy is poised to revolutionize the energy sector with its cutting-edge nuclear technology, offering a solution that aligns with the demand for safe, economical, and clean energy. The company, founded in 2014, is pioneering a next-generation nuclear reactor featuring molten salt fuel in conventional assemblies. This innovation enables the use of existing spent nuclear fuel stockpiles as a fuel source, providing an environmentally friendly electricity generation option.
By transforming nuclear energy into a viable peaking power source, not just a baseload, Moltex Energy broadens the operational flexibility of nuclear facilities—a significant advancement in energy efficiency. Their international footprint spans Canada, the UK, and the USA, with a strategic partnership with New Brunswick Power for facility deployment at the Point Lepreau site.
The company's most recent funding was a $1.00M grant investment from The Ontario Power Generation Pension Fund on 01 March 2021, illustrating investor confidence in their innovative approach to renewable energy.
