Warrington, UK (5th December 2023) – British advanced nuclear technology developer MoltexFLEX is endorsing a global campaign that calls for a massive increase in nuclear power to fight climate change.
The company has today signed the Net Zero Nuclear Industry Pledge, which is part of the Net Zero Nuclear initiative launched in September by World Nuclear Association (WNA) and Emirates Nuclear Energy Corp. (ENEC). MoltexFLEX joins more than 100 other major nuclear industry businesses in supporting the campaign.
The launch of the Industry Pledge took place today (5th December) in Dubai, alongside the COP28 climate conference, which this year is being hosted by the UAE. “The more than 100 companies that have endorsed the Net Zero Nuclear Industry Pledge are matching the ambition and pragmatism shown by the governments that signed the Nuclear Ministerial Declaration earlier this week. Working together we can achieve the goal of at least a tripling of nuclear capacity by 2050,” said Dr Sama Bilbao y León, Director General of WNA.
The pledge was launched in coordination with a ministerial declaration, where countries signing up (including the UK) committed themselves to work together to triple nuclear energy capacity across the globe from 2020 levels by 2050.
“We at MoltexFLEX are happy to pledge our support to the Net Zero Nuclear campaign,” said MoltexFLEX CEO David Landon. “Nuclear energy will be vital in meeting our 2050 climate goals – and, when produced using our FLEX reactor and GridReserve® storage technology, will provide low-carbon, flexible, and affordable electricity, as well as high-temperature heat which will be essential for full decarbonisation of industry and transport.”
MoltexFLEX, a subsidiary of Moltex Energy Limited, is based in Warrington, UK. It is developing the FLEX molten salt reactor – an advanced small modular design which together with the GridReserve® molten salt thermal energy storage system delivers clean, flexible, and low-cost electricity and high temperature heat. MoltexFLEX plans to have the first FLEX reactor operational around the turn of the decade. For more information, visit moltexflex.com.
About the Net Zero Nuclear initiative
Net Zero Nuclear is a worldwide collaboration between governments, industry leaders and civil society to triple global nuclear capacity to enable net zero by 2050. It was launched by the WNA and ENEC, with the support of the Atoms4NetZero initiative launched by the International Atomic Energy Agency (IAEA), at the World Nuclear Symposium in London early September 2023. Net Zero Nuclear aims to bring together political leaders and industry to enable the rapid expansion of the global nuclear fleet and accelerate research and development into emerging nuclear technologies. The initiative will work to ensure nuclear energy’s potential is fully realized in facilitating the decarbonisation of global energy systems, by promoting the value of nuclear energy and removing barriers to its growth. For more information on Net Zero Nuclear, visit netzeronuclear.org.
Communications Officer, MoltexFLEX
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