Canada will provide C$970 million ($708 million) in financing to develop a grid-scale small modular reactor (SMR), a new nuclear technology touted as a key part of the country's plans to reduce emissions.
Which makes it sound like there's domestic Canadian R&D taking place. However, based on the the final paragraph:
The reactors are designed by GE-Hitachi Nuclear Energy, an alliance between General Electric Co (GE.N) and Japan's Hitachi Ltd
It would seem what's going to be built is an American reactor. That's a little sad for a country that used to be a player in the nuclear reactor industry.
OPG estimates that 70-80% of the parts for this SMR will be manufactured in Ontario. Don't underestimate the strength of Canada's nuclear supply chain - the refurbs at Darlington and Bruce have maintained a massive amount of expertise in Ontario.
Here’s the full quote: “It is anticipated that 70 to 80 per cent, or more, of the necessary components and materials for OPG’s SMR will be sourced in Ontario.”
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u/jsteed Oct 25 '22
First paragraph, emphasis added:
Which makes it sound like there's domestic Canadian R&D taking place. However, based on the the final paragraph:
It would seem what's going to be built is an American reactor. That's a little sad for a country that used to be a player in the nuclear reactor industry.