top of page

Moltex Inc.

We secured significant funding for Moltex Energy's Small Modular Reactor (SMR) design.

Our team was able to assist Moltex Energy in receiving funding for their conceptual Small Modular Reactor (SMR) design. We began by convincing the federal government to make SMRs eligible for Strategic Innovation Fund support, and were then successful in convincing the federal government to approve Moltex’s application for funding, making them one of only two proponents of dozens who applied that were approved. The support provided to Moltex was two-and-a-half times greater than the other successful proponent.

In addition, we helped to advance a Canadian Nuclear Association-led initiative to successfully convince the federal government to include nuclear projects in various green energy funding programs. This led in part to the Canada Infrastructure Bank reversing its initial decision to not fund nuclear projects and to invest nearly $1 billion in an SMR project at Darlington, Ontario.

Our team is proud to have played a role in supporting Moltex Energy and advancing the development of clean energy in Canada.

On March 18, 2021, the federal government announced $50.5 million dollars in funding for Moltex Energy, with matching funds that will also be used to progress through Phase 2 of the . Federal funding was provided through the Strategic Innovation Fund Atlantic Canada Opportunities Agency ( ACOA): The Canada Infrastructure Bank, a federal Crown corporation, has made a deal with Ontario Power Generation to provide $970 million to build the country’s first small modular reactor. Over ten years, the deal will fund construction of a 300-megawatt small modular reactor next to the existing 3,500-megawatt Darlington Nuclear Generating Station in Clarington, Ont

bottom of page