Capital Power Corporation and Ontario Power Generation (OPG) have signed an agreement to jointly assess the development and deployment of grid-scale small modular reactors (SMRs) to provide clean, reliable nuclear energy for Alberta.
The companies will examine the feasibility of developing SMRs in Alberta, including possible ownership and operating structures, under the agreement. They will complete the feasibility assessment within two years and work on the next stages of SMR development.
OPG is building North America’s fleet of SMRs at its Darlington New Nuclear site in Ontario. The first of the four SMRs will be constructed by the end of 2028, and the unit will be online by the end of 2029.
Alberta, Ontario, Saskatchewan and New Brunswick had released a Strategic Plan for the deployment of SMRs. The agreement advances the plan, placing the provinces at the forefront of nuclear innovation, clean energy, and emerging markets for SMRs across Canada and around the world.
“Ontario looks forward to leveraging our world-class nuclear expertise to advance the next generation of SMR technology in other jurisdictions across Canada and around the world,” said Todd Smith, Ontario’s Minister of Energy. “SMRs will help secure new investments that will create good-paying jobs and safely and reliably power communities to meet their growing needs.”