| 16.2°C Dublin

Close

Premium

Dubliner's nuclear power firm gets Canadian utility backing

Rory O'Sullivan aims to build Moltex Energy's first 300mw plant by 2028, writes John Reynolds

Close

Moltex Energy CEO Rory O'Sullivan

Moltex Energy CEO Rory O'Sullivan

Moltex Energy CEO Rory O'Sullivan

A nuclear power firm led by a Trinity College engineering graduate aims to build its first safe stable salt reactor (SSR) power plant in Eastern Canada by 2028.

Moltex Energy, whose CEO Rory O'Sullivan is based in Canada, has secured a $5m investment from a Canadian utility firm, New Brunswick Power, and an award of $2.5m by the US Department of Energy's advanced energy research laboratory, ARPA-E.

The company is also hoping to secure a £10m grant from the British government, to follow on from £300,000 it has received as part of its advanced modular reactor programme.


Most Watched





Privacy