Ontario Power Generation
Ontario Power Generation Inc. is a leading electricity generator and seller based in Toronto, Canada. The company operates through four main segments: Regulated – Nuclear Generation, Regulated – Nuclear Waste Management, Regulated – Hydroelectric, and Contracted and Other Generation. As of late 2019, Ontario Power Generation managed a diverse energy portfolio that includes two nuclear, 66 hydroelectric, and several other types of power generating stations, such as thermal, biomass, dual-fueled, natural gas, and solar facilities, both in Ontario and the United States. In addition to electricity generation, the company provides ancillary services like voltage control and regulation, along with selling heavy water and isotopes. Ontario Power Generation is committed to investing in local economies and maintaining a sophisticated energy fleet while prioritizing environmental sustainability and collaboration with indigenous groups. Incorporated in 1998, the company plays a crucial role in delivering clean and competitive electricity to residential and commercial customers.
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Past deals in New Brunswick
Moltex Energy
Grant in 2021
Moltex Energy is a leader in nuclear technology focused on developing innovative solutions for clean electricity generation. The company has created the Stable Salt Reactor - Wasteburner (SSR-W), which utilizes a molten salt-based fuel system derived from recycled nuclear waste. This design not only offers a cost-effective and environmentally friendly approach to energy production but also enhances safety features, making it suitable for various community settings. The SSR-W is capable of generating large-scale power, with outputs ranging from 300 to 500 MWe per reactor. Additionally, Moltex has developed the WAste To Stable Salt (WATSS) recycling process, which further minimizes waste. Their GridReserve technology allows the reactor to store energy as heat, enabling it to supply electricity to the grid during peak demand periods, effectively complementing intermittent renewable energy sources like wind and solar. Moltex Energy is advancing its technology through partnerships, including a collaboration with NB Power to deploy its reactor systems at the Point Lepreau site in New Brunswick, Canada.
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