Seaborg Technologies has changed its name to Saltfoss Energy, effective today. The new name reflects the company’s inherently safe molten salt technology, which is based on flowing salt to create energy at a massive scale. In Old Norse, the word “foss” is used to describe a powerful waterfall.

​

Furthermore, as part of the effort to establish a board that matches the next phase of the company’s journey, Jacob Bundsgaard is to be appointed as a new board member. Jacob Bundsgaard is the former mayor of Aarhus, the second-largest city in Denmark. Jacob’s extensive experience in strategy and organisational development as well as in public regulation will be of particular benefit to the company.

​

“We are very happy to welcome Jacob to the board. He will be a strong addition to the team, complementing the board members we have added over the last year,” says Niels de ConinckSmith, Chairman of Saltfoss Energy.

​

Klaus Nyengaard, CEO of Saltfoss Energy, adds “With money in the bank, a strengthened organisation and a new board, we are excited to move to the next phase of our development”.

 

About Saltfoss Energy

​

The molten salt technology designed by Saltfoss Energy is the world’s most scalable and inherently safe energy solution. The nuclear reactor cannot explode or melt down.

​

The Saltfoss design utilises low-enriched uranium (LEU) and does not rely on breakthrough materials innovation. Together with Samsung Heavy Industries and Korea Hydro & Nuclear Power, Saltfoss Energy has established a strong consortium to enable manufacturing of factory-produced floating nuclear power plants. The scalability is secured through centralised manufacturing at the shipyard of Samsung Heavy Industries and the first plant will be operated by Korea Hydro & Nuclear Power in the early 2030s.