Netherlands-based company Thorizon, a spin-off of NRG, has partnered with France's EDF R&D to advance the development of the Thorizon One molten salt reactor. This innovative reactor design aims to provide 250MWt of industrial heat for processes in the chemical industry or hydrogen production, as well as 100MWe for electricity generation. The Thorizon One utilizes a unique molten salt fuel composition that includes reprocessed long-lived elements and thorium, allowing for the recycling of waste from existing nuclear facilities. The reactor's safety features, including a 'walk-away' shutdown mechanism, and the efficient cartridge-based design contribute to its appeal. The collaboration with EDF R&D will involve in-depth analyses to explore the potential of the Thorizon One in closing the fuel cycle within the European reactor landscape. EDF R&D's endorsement of Thorizon's approach and the acknowledgement of the partnership's benefits signify a positive outlook on the advancement of molten salt reactor technology.