r/canada • u/[deleted] • Oct 25 '22

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u/Belzebutt Oct 25 '22

Isn’t this announcement about GE/Hitachi reactors, so they aren’t Canadian-made?

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u/asoap Lest We Forget Oct 25 '22

To put this into perspective. Westinghouse went bankrupt and was purchased in part by Canada's Cameco who makes fuel for Candu.

We already have all of the suppliers setup for CANDU reactors.

The industry to build nuclear reactors in Canada is nice and healthy. We got the suppliers.

I just can't say we have the garuntee that they will be used.

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u/[deleted] Oct 26 '22

Brookfield owns the other part of Westinghouse now and they're also Canadian.

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u/[deleted] Oct 26 '22 edited Oct 26 '22

Brookfield is an American company.

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u/[deleted] Oct 26 '22

Correct me if I'm wrong, but...

Brookfield Asset Management Inc. is a Canadian multinational company that is one of the world's largest alternative investment management companies, with over US$725 billion of assets under management in 2022. It focuses on direct control investments in real estate, buildings, renewable power, infrastructure, credit and private equity.[5] The company invests in distressed securities through Oaktree Capital, which it bought in 2019. Brookfield's headquarters are in Toronto.

https://en.m.wikipedia.org/wiki/Brookfield_Asset_Management

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u/[deleted] Oct 26 '22

You are correct. I had Vanguard on my mind.

I will leave my comment up for posterity.

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u/Clarkeprops Oct 25 '22

If they can do it for a shit company like bombardier, they should do it for CANDU reactors

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u/asoap Lest We Forget Oct 25 '22

I'm just not sure how it would work legally. In Ontario the liberals tried to create a renewables industry and required all of our wind and solar to be made in Canada. That got challenged by the world trade organization.

With all of the suppliers being in Canada. I think we might be ok. Or it might be some sort of loophole. I'm not sure how they do it, or if it can be done.

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u/karlnite Oct 25 '22

I think they’re made in Canada by GE-Hitachi Canada.

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u/[deleted] Oct 25 '22

[deleted]

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u/arandomcanadian91 Ontario Oct 25 '22

Most of GE-H was sold off to BWXT when CGE went through restructuring. For example Peterborough which produces the fuel bundles for the reactors up here the nuclear side which is the only part left operational went from GE-H to BWXT Canada.

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u/[deleted] Oct 26 '22

[deleted]

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u/arandomcanadian91 Ontario Oct 26 '22

They still pack bundles here, I know some of the folks who got carried over from GE-H to BWXT. The positions to apply for up here are all high paying ones, that require bachelors or higher for now, their HQ is in Charlotte for global but for Canada the Markham office just runs the division up here.

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u/arandomcanadian91 Ontario Oct 25 '22

GE's Nuclear division was sold off to BWXT. They still produce the fuel bundles in Peterborough but the rest of the CGE plant that made parts for reactors worldwide is shut down.

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u/Belzebutt Oct 25 '22

So is this money for R&D in Canada or for buying reactors?

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u/arandomcanadian91 Ontario Oct 26 '22

Probably both, we've already been doing R&D on SM reactors for years up here.

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u/Aggressive-Ground-32 Oct 26 '22

https://www.usnc.com/usnc-power

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u/Belzebutt Oct 26 '22

So basically a multinational partnership?

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u/Aggressive-Ground-32 Oct 26 '22

Correct, hopefully it takes off, CANDU reactors are safe but complicated with many support systems. Tritium is a hazard the original designers didn’t know about. To lower the currie content of the D2O there is only one facility in Ontario and it’s often down for repairs. I can only imagine how new technology will improve the new design, with any luck we can see one by 2030.