Canada is a leader in nuclear energy and nuclear safety and has one of the world's most promising domestic markets for the safe and responsible development of small modular reactor (SMR) technology. SMRs have the potential to provide strong economic benefits to the Canadian economy and support Canada's efforts to achieve net-zero greenhouse gas emissions by 2050.
The Honourable Francois-Philippe Champagne, Minister of Innovation, Science and Industry, 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. This technology has the potential to provide a more accessible and transportable source of low-carbon energy.
By investing in this project, the Government of Canada is supporting innovation that will help communities that rely on heavy-polluting diesel fuel to transition to a cleaner source of energy, while creating and maintaining more than 200 well-paying and full-time jobs in Canada's energy sector.
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.
"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 sectorm" said Francois-Philippe Champagne, Minister of Innovation, Science and Industry.
