Nuclea to acquire Moltex Energy’s nuclear technology assets

Nuclea Energy has finalized a deal to take over Moltex Energy's nuclear technology assets, including its molten salt reactor and nuclear fuel recycling portfolio. The Morpheus microreactor, a lead-cooled, factory-built micro-modular reactor, was developed over a decade with funding from private investment, Canadian public programs, and the U.S. Department of Energy.

Nuclea's acquisition targets include Moltex's SSR-W reactor, which completed Phase 1 of the Canadian Nuclear Safety Commission's Vendor Design Review program, and its WATSS process for spent nuclear fuel recycling. The deal also encompasses a substantial patent portfolio of 80 patents across nine patent families in advanced nuclear technology.

Nuclea CEO Josef Freundorfer sees the sector entering a period of strategic investment driven by factors like energy security and grid reliability, and believes the acquisition will strengthen Nuclea's position in the nuclear sector by adding complementary advanced reactor designs and fuel-cycle technology.