Canada Invests $13.6 Million to Advance Small Modular Reactor Development

Canada is well-positioned to take the lead in the development of SMR technology, which offers a safe, dependable, and emission-free energy source

The Canadian government is investing $13.6 million in research and development for Small Modular Reactors (SMRs) in order to further its clean energy ambitions. On behalf of Minister Jonathan Wilkinson, Julie Dabrusin, Parliamentary Secretary to the Minister of Energy and Natural Resources, made the funding announcement. As part of Canada's transition to a low-carbon economy, this program, which is part of Natural Resources Canada's Enabling SMR Program, aims to improve the safe, commercial deployment of SMRs.

In Ontario, Quebec, and New Brunswick, nine projects have been chosen for funding. Prodigy Clean Energy has been awarded $2.75 million for developing transportable nuclear power plants, while the Nuclear Waste Management Organization has been granted $3.75 million to ensure interoperability between SMRs and Canada's current waste management systems. The North Shore Mi'kmaq Tribal Council, Queen's University, and Chemetics are among the other recipients. The latter will concentrate on the development of the SMR supply chain.

These investments highlight how nuclear energy can lower emissions and promote the development of sustainable energy future. Canada is well-positioned to take the lead in the development of SMR technology, which offers a safe, dependable, and emission-free energy source, with over 70,000 Canadians employed in the nuclear industry. SMR technology is predicted to be a crucial part of the nation's renewable energy strategy as it works toward its net-zero goals.