The Canadian Nuclear Association (CNA) congratulates the premiers of Ontario, New Brunswick and Saskatchewan for taking the next step forward in ensuring Canada becomes a global leader in the development and deployment of SMR technology with the release of the SMR feasibility study.
CNA also applaud today's news that Alberta has formally joined the other three provinces by signing the SMR Memorandum of Understanding (MOU). This is a crucial step in Canada's energy transition because SMRs produce the density of electricity and heat needed to maximize the potential of all other energy sources.
On December 1, 2019, the provinces of New Brunswick, Saskatchewan and Ontario signed a MOU that puts in place a framework for action on the deployment of SMRs in their respective jurisdictions.
As set out in the MOU, a feasibility study, 'Feasibility of Small Modular Reactor Development and Deployment in Canada', was prepared by Ontario Power Generation (OPG), Bruce Power, New Brunswick Power (NB Power), and Saskatchewan Power (SaskPower) for the governments of Saskatchewan, Ontario and New Brunswick that includes the business case for the development and deployment of SMRs in their respective jurisdictions. The power companies assess that SMRs have the potential to be an economically competitive source of energy in their respective provinces.
The next step will be the development of a strategic plan for deployment of SMRs. This plan will identify steps required to achieve project commitments in a timely manner, while identifying economic impacts, key risks, mitigation measures, as well as the policy and regulatory analysis required to enable and govern expanded deployment of nuclear technology in Canada.
SMRs are nuclear reactors that produce 300 megawatts (MW) of electricity or less. Much smaller than traditional nuclear power plants, SMRs are less expensive to mass produce and easier to deploy. Their modular design allows for deployment in large established grids, small grids, remote off-grid communities and as an energy source for resource projects. SMRs provide a source of safe, clean, affordable energy, with the ability to contribute towards a resilient, low-carbon future.
SOURCE: Canadian Nuclear Association