The government of Canada is investing CAD50.5m ($40.5m) in Moltex Energy to design and commercialise a molten salt reactor and spent fuel recycling facility that could lead to the country operating the world’s first such unit by the early 2030s.
This funding will help Moltex develop a reactor that will produce emissions-free energy through a process that recycles existing used nuclear fuel to produce non-emitting energy. The government said the technology has the potential to reduce storage needs for existing used nuclear fuel and could lead the way in establishing a first-of-its-kind, world-class non-emitting-energy system for Canada and the world.
“Our government supports the use of this innovative technology to help deliver cleaner energy sources and build on Canada’s global leadership in small nuclear reactors,” said François-Philippe Champagne, minister of innovation, science and industry.
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