Ottawa invests over $27 million in small modular reactor technology

Ottawa has announced an investment of $27.2 million in Westinghouse Electric Canada Inc. to support its $57 million project so its next-generation SMR, the eVinci micro-reactor, can be successfully licensed in Canada.
“As our government moves swiftly with our green economic recovery, we are laying the foundation for a better and more prosperous climate-oriented future. Westinghouse’s innovative technology will help deliver cleaner energy sources across Canada, especially in remote communities. This investment will play a critical role in fighting climate change, building on Canada’s global leadership in SMRs and securing jobs in Ontario’s energy sector,” says François-Philippe Champagne, Minister of Innovation, Science and Industry.
The investment is designed to help communities that rely on heavy-polluting diesel fuel to transition to a cleaner source of energy, while creating and maintaining more than 200 full-time jobs in Canada’s energy sector.
“Westinghouse is proud to be advancing Canada’s net-zero 2050 goals with our eVinci micro-reactor technology. Our innovative battery technology will bring safe, carbon-free and transportable energy to industries and communities all across Canada. With Innovation, Science and Economic Development Canada’s investment, we will be supporting Canada’s SMR Action Plan while creating permanent jobs and leveraging Canada’s world-class supply chain and academic institutions,” says Eddie Saab, president, Westinghouse Electric Canada
Westinghouse Electric Canada’s project supports the government’s Innovation and Skills Plan by helping build a highly skilled workforce and advancing research in new foundational technology — a key component for future economic growth and innovation. It also supports Canada’s SMR Action Plan, which outlines a long-term vision for the development and deployment of this technology in Canada and worldwide.
(CNW)