Investments in small modular reactor technology

Country / jurisdiction: Canada · Year: 2020 · Status: In force · Level: National · Type: Voluntary

the Canadian government announced a CAD 20 million investment in the development and commercialization of innovative small modular reactors (SMR) as part of the country's efforts to achieve net-zero emission by 2050.

The investment will help Oakville’s Terrestrial Energy complete a key pre-licensing milestone through the Canadian Nuclear Safety Commission in assessing the Generation IV technology that the company is developing as part of its Integral Molten Salt Reactor project, which will provide affordable energy for utilities and industry. Terrestrial is also spending at least another $91.5 million in R&D.

Throughout the two and a half year project, Terrestrial will engage with Canada’s world-class nuclear supply chain, potentially creating over a thousand jobs nationally.

Official source: https://www.canada.ca/en/innovation-science-economic-development/news/2020/10/government-of-canada-invests-in-innovative-small-modular-reactor-technology.html