Ontario approves historic small modular reactor plans

Key Takeaways:

• The province has approved construction of the first of four SMRs at the Darlington site, marking a historic milestone as the first SMR project in a G7 country. Once complete, the four reactors will generate enough clean electricity to power 1.2 million homes.
• The SMR project is expected to create up to 18,000 Canadian jobs and contribute $38.5 billion to Canada’s GDP over 65 years, with 80% of project spending targeted for Ontario-based companies.
• With Ontario’s electricity demand projected to rise by at least 75% by 2050, SMRs are being positioned as a low-emissions, reliable baseload solution to bridge the anticipated power gap and support long-term energy security.

The Whole Story:

Ontario is set to make history with the launch of Canada’s—and the G7’s—first small modular reactor (SMR), as the province moves aggressively to secure its energy future and meet a projected 75% surge in electricity demand by 2050.

The full project scope includes the construction of four small modular reactors (SMRs) at the Darlington nuclear site.

Once complete, this SMR will be the first of its kind in the G7, producing enough electricity to power the equivalent of 300,000 homes, supporting thousands of good-paying jobs across the province and helping secure Ontario’s energy supply for decades to come.

The construction of the four units will support the government’s plan to protect Ontario’s workers and economy by creating up to 18,000 Canadian jobs and injecting $500 million on average annually into Ontario’s economy. The construction, operation and maintenance of the four units are expected to add $38.5 billion to Canada’s GDP over the next 65 years. Officials say they are working with OPG to ensure that 80% of project spending goes to Ontario companies and that construction and operations will protect Ontario workers and jobs by sustaining an estimated 3,700 highly-skilled, good-paying jobs for the next 65 years.

“This is a historic day for Canada as we start construction on the first small modular reactor in the G7, creating 18,000 jobs for Canadians,” said Stephen Lecce, Minister of Energy and Mines. “This nation-building project being built right here in Ontario will be led by Canadian workers using Canadian steel, concrete and materials to help deliver the extraordinary amount of reliable and clean power we will need to deliver on our ambitious plan to protect Ontario and unleash our economy.”

The BWRX-300 is a small-scale nuclear reactor that uses commercially available uranium to generate power. The four SMRs will be vital to powering new homes, historic investments to build Ontario and fuel a thriving economy. Once complete, they will produce 1,200 megawatts (MW) of electricity, enough to power the equivalent of 1.2 million homes, to help bridge a power gap that could emerge in the early 2030s in the absence of net-new baseload power sources added to the grid.

More than eighty Ontario companies have already signed agreements with OPG to deliver this first-of-a-kind project, establishing themselves as leaders in the growing domestic and global markets for new nuclear technologies. The government has also negotiated additional commitments from GE Hitachi that will create jobs in Ontario, that will soon be unveiled.

Ontario’s Independent Electricity System Operator (IESO) concluded that the Darlington New Nuclear Project is the best option to meet growing demand in terms of costs and risks, when compared against non-emitting generation alternatives. This, combined with OPG’s track-record on the Darlington Refurbishment Project, factored into the government’s decision to support the Darlington New Nuclear Project.

Within Canada, the Ontario government and OPG are collaborating with power companies in Alberta, Saskatchewan and New Brunswick as they work towards the deployment of SMRs in their jurisdictions. Around the world, the government has helped secure job-creating agreements that deploy Made-In-Ontario components to build SMR’s for the world.