Moltex announces high level advisory committee for Canada

Moltex announces high level advisory committee for Canada

Moltex Energy Canada is pleased to announce the formation of an advisory committee which will support the company in achieving its vision. The Committee will include industry leaders and top experts in their fields and includes senior representatives from New Brunswick Power, Ontario Power Generation, Bruce Power, the Nuclear Waste Management Organisation and IDOM.

Rory O’Sullivan, CEO of Moltex Energy Canada, said, “I am delighted to announce that the following have all agreed to join the Moltex Advisory Committee Canada or MAC: 

“Brett Plummer (Vice President Nuclear & Chief Nuclear Officer of NB Power), 

“Dominique Miniere (President of Nuclear of Ontario Power Generation),  

“Mike Rencheck (President & CEO of Bruce Power),  

“Laurie Swami (President & CEO of the Nuclear Waste Management Organization), and  

“Xabier Ruiz (Managing Director IDOM NS & VP of IDOM Canada).  

“This is an impressive group of industry leaders by any measure and a great endorsement of the prospects for Moltex in delivering clean energy in Canada and elsewhere,” he added. The Moltex Advisory Committee Canada members will provide invaluable technical and industry knowledge and will help to guide Moltex’s strategy. Their participation will be key in supporting current and future clean energy generation projects.  

“I’ve worked in the clean energy field for decades and this appointment to the Moltex Advisory Committee is a natural fit,” said Dominique Miniere, OPG President Nuclear. “I look forward to providing my advice and experience to help advance SMR technologies and the role the company can play in minimizing the impacts of climate change.” 

“I look forward to participating in the committee,” said Mike Rencheck of Bruce Power. “Moltex is a promising new design with potential to deliver low cost, clean and reliable energy that will help to limit the impacts of climate change.” 

“The story of nuclear power in Canada is one of innovation, research and collaboration. The creation of this advisory committee continues this trend” said Laurie Swami, the President and CEO of the Nuclear Waste Management Organization. “We know that nuclear power can play an important role helping address some of the major challenges of our time, including climate change.  Bringing the NWMO into the process will ensure our expertise in safely managing used fuel will help ensure the ongoing protection of both people and the environment.” 

“IDOM is delighted to participate in Moltex Advisory Committee,” said Xabier Ruiz Morín, Managing Director Nuclear Services and VP Canada at IDOM. “It is a pleasure to collaborate with other expert members of the nuclear fleet to face the global challenge of design and deploy a safer, cheaper and flexible nuclear technology in Canada and worldwide, where MOLTEX has the answer. IDOM will be glad to support with its market intelligence, capabilities and expertise from the projects we have worldwide.”

Moltex Energy Canada is looking forward to inviting additional members to participate in MAC, such as First Nations, academia, investors and more.   

Committee Members Information 

About New Brunswick Power: NB Power is the largest electric utility in Atlantic Canada and is responsible for the generation, transmission and distribution of electricity throughout New Brunswick.  NB Power is a provincial Crown Corporation, with the Government of New Brunswick as the owner and sole shareholder. NB Power has more than 2,400 employees across the Province that are dedicated to providing customer value to more than 400,000 direct and indirect customers in New Brunswick. 

About Ontario Power Generation: OPG is one of the most diverse electricity generators in North America. It produces about half of the electricity Ontarians rely on every day, and its clean, safe, power costs an average of 40% less than other generators. 

About Bruce Power: Formed in 2001, Bruce Power is an electricity company based in Bruce County, Ontario. We are powered by our people. Our 4,200 employees are the foundation of our accomplishments and are proud of the role they play in safely delivering clean, reliable, low-cost nuclear power to families and businesses across the province. Bruce Power has worked hard to build strong roots in Ontario and is committed to protecting the environment and supporting the communities in which we live. 

About the Nuclear Waste Management Organisation: The Nuclear Waste Management Organisation (NWMO) is responsible for implementing, collaboratively with Canadians and Indigenous people, Canada’s Plan for the safe, long-term management of used nuclear fuel. Made up of engineers, technical experts, social scientists and engagement professionals, the NWMO is implementing Canada’s plan, in a manner that protects both people and the environment. Canada’s plan calls for containment and isolation of used nuclear fuel in a deep geological repository, which is made up of a series of natural and engineered barriers. This facility will be located in an area with informed, willing hosts and a suitable rock formation. The NWMO is on track to identify a single, preferred location for this facility by approximately 2023. It is currently active in five areas: Hornepayne, Huron-Kinloss, Ignace, Manitouwadge and South Bruce. This project will only proceed in partnership with people in the area, including First Nation, Métis and municipal communities. 

About IDOM Nuclear: IDOM Group is an employee-owned company developing projects in more than 125 countries. IDOM takes part in the most advanced and innovative projects in the world in power generation, infrastructures, architecture, consulting and nuclear fields providing clear added value to their clients. IDOM Nuclear Services is present in more than 15 countries through the complete nuclear energy & research life cycle. IDOM participates in commercial nuclear projects, research reactor and nuclear medicine projects with a considerable number of fusion projects in ITER. IDOM NS professional services cover the majority of the technological and industrial engineering activities inherent in a nuclear facility ranging from initial site studies, basic and conceptual engineering to detailed projects, construction and decommissioning. Throughout the life cycle stages of a nuclear facility IDOM provides the client with expertise on the regulatory procedures and more demanding operational, technological and licensing requirements focused on the development of nuclear safety, environmental protection and risk mitigation. 

About Moltex Energy: Moltex Energy’s innovative Stable Salt Reactor (SSR) design meets four simultaneous challenges It delivers clean energy, necessary for the fight against climate change.
It delivers cheap energy, at a lower cost than fossil fuels, so there are no financial barriers to adoption and the cost of electricity could be reduced.
It delivers a variable energy output, so that it can work alongside intermittent renewables in a truly carbon-free electricity grid.
It uses existing nuclear waste as its fuel, helping to clean up a substantial environmental challenge and, potentially, starting to change some more entrenched public perceptions of nuclear. 

In July 2018, Moltex Energy was selected by NB Power to progress development of the SSR-W (Stable Salt Reactor – Wasterburner) technology in New Brunswick, with the aim of deploying its first SSR-W at the Point Lepreau nuclear reactor site before 2030. 

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