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ARTICLE · 02 NOVEMBER 2022

Canada Infrastructure Bank Commits $970 Million To Canada's First SMR

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On October 25, 2022, the Canada Infrastructure Bank (CIB) announced it is investing $970 million towards Canada's first small modular reactor (SMR).

CanadaEnergy and Natural Resources
David Macaulay
David Macaulay
Lucas (Luke) Morrison
Lucas (Luke) Morrison
Dayo Ogunyemi
Dayo Ogunyemi
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On October 25, 2022, the Canada Infrastructure Bank (CIB) announced it is investing $970 million towards Canada's first small modular reactor (SMR). The agreement with Ontario Power Generation (OPG) supports the development and construction of a 300-megawatt SMR next to OPG's existing 3,500-megawatt Darlington Nuclear Generating Station.

This is an exciting step forward in advancing low carbon generation technology and the hope is that Canada can play a role as a world leader in the SMR industry. SMRs are nuclear fission reactors that can produce significant amounts of low-carbon electricity despite being considerably smaller in scope and footprint than conventional nuclear reactors. As a baseload power source, SMRs are well positioned to play an important role in supporting the mix of other renewable generation and achieving net-zero strategies around the world. Our previous blog, Small Modular Reactors: A Key Component to a Low Carbon Future?, gives an overview on

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