nuclear-news

Canada launches $30 million small modular reactor funding program

Kevin Clark, 2.23.2023, Power Engineering

Canada is launching a new funding program to help promote the commercial deployment of small modular reactors (SMRs). The announcement was made Feb. 23 at the Canadian Nuclear Association’s annual conference.

The program would provide $29.6 million over four years to develop supply chains for SMR manufacturing and fuel supply and security. Funding would also be used for research on safe SMR waste management solutions.

Eligible applicants could include private companies, utilities, provinces and territories, universities and Indigenous groups………………………………….

A few months prior to the contract signing, the Canada Infrastructure Bank (CIB) committed C$970 million ($708 million) in debt financing toward the Darlington SMR. This is the bank’s largest investment in clean [?] power to date.

The CIB-financed phase 1 work covers all preparation prior to nuclear construction, including project design, site preparation, procurement of long lead-time equipment, utility connections, digital strategy and other project management costs. https://www.power-eng.com/nuclear/canada-launches-30-million-small-modular-reactor-funding-program/

February 25, 2023 - Posted by Christina Macpherson | Canada, politics