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Canada Invests in the Next Generation of Canadian-Made, Clean, Affordable Nuclear Energy
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Canada Invests in the Next Generation of Canadian-Made, Clean, Affordable Nuclear Energy
Posted:
Wed Mar 05, 2025 10:05 pm
by
Dr Strangelove
Today, the Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, announced that the Government of Canada has entered into a preliminary agreement with AtkinsRéalis to support the development and modernization of a new, large-scale, natural uranium–fuelled Canadian deuterium uranium (CANDU) nuclear reactor (e.g. MONARK). The intent is to lend AtkinsRéalis a maximum of $304 million over four years to finance half of the design project. This modernization work will also include Atomic Energy of Canada Limited (AECL), the operators and the broader Canadian supply chain. Specifically, AECL owns the CANDU intellectual property and is working with AtkinsRéalis to leverage it for success in today’s energy markets.