MOLTEX ENERGY IS NOW A MEMBER OF THE ONTARIO SUSTAINABLE ENERGY ASSOCIATION (OSEA)
January 27, 2020
Saint John, NB – Moltex Energy is pleased to announce their application has been accepted to join the Ontario Sustainable Energy Association (OSEA). The OSEA is the organization which represents the entire sustainable energy sector and supports green energy, clean technology and energy efficiency technologies.
Members of OSEA include green technology developers, distributors, installers and operators and other service providers. OSEA supports members in promoting the development of sustainable systems in Ontario, across Canada and around the world.
Rory O’Sullivan, CEO for North America at Moltex Energy, said, “This is positive news and a great resource for us. We are very pleased to now be part of the OSEA network and to collaborate with an organization promoting the global development of sustainable systems”.
“At Moltex we are developing a hybrid clean energy generation and thermal storage system, allowing our reactor to deliver electricity when it is needed. This means that we can work alongside intermittent renewables in an entirely clean electricity system.”
The new generation of nuclear power provides clean, reliable and low-cost energy. Thermal storage is known to be orders of magnitude more cost effective than other forms of electricity storage. Together these two technologies provide a realistic and cost effective route to a carbon free electricity system.
About Moltex Energy:
Moltex Energy is a privately held company striving to solve the world's most critical challenge, providing safe, clean and affordable energy. The company has headquarters in the United Kingdom and New Brunswick and collaborates with other innovators and nuclear energy experts worldwide. The mission is to cost-effectively produce carbon-free electricity so that fossil fuels can stay in the ground.
Moltex Energy is one of two companies that NB Power has selected to explore building Small Modular Reactors (SMRs) in New Brunswick. Moltex has developed a first-of-its-kind technology to build a better nuclear reactor that will safely, cleanly and economically solve global energy issues and power the planet in the 21st century. The workforce, along with the existing nuclear generating station and a supportive government, make New Brunswick an ideal location to build this technology.
For more information visit: www.moltexenergy.com and www.ontario-sea.org