{"id":381045,"date":"2020-11-13T14:33:02","date_gmt":"2020-11-13T19:33:02","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=381045"},"modified":"2020-11-13T14:33:02","modified_gmt":"2020-11-13T19:33:02","slug":"clean-energy-frontier-region-to-lead-canadas-next-generation-of-nuclear-technology","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/clean-energy-frontier-region-to-lead-canadas-next-generation-of-nuclear-technology\/","title":{"rendered":"Clean Energy Frontier Region to lead Canada\u2019s next generation of nuclear technology"},"content":{"rendered":"
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TIVERTON, ON, Nov. 13, 2020 (GLOBE NEWSWIRE) — Today\u2019s announcement from the Province of Ontario outlining an ongoing commitment to nuclear power – including development of new nuclear technologies – continues to expand the range of future opportunities for the Bruce Power site and aligns with the company\u2019s strategy to contribute to a Net Zero Canada by 2050.\u00a0<\/p>\n

The Clean Energy Frontier Region, including Bruce, Grey and Huron counties, is home to Bruce Power, more than 60 nuclear companies, Ontario\u2019s Nuclear Innovation Institute (NII) and key electricity transmission lines that are connected to the fastest growing parts of the province, all bolstered by strong community support.<\/p>\n

\u201cOur Life-Extension Program is a fundamental contributor to providing Ontario\u2019s residents and businesses with clean, affordable electricity and life-saving medical isotopes for the long term, which includes advancing new technologies that leverage our current infrastructure,\u201d said Mike Rencheck, Bruce Power\u2019s President and CEO. \u201cWe have established a capability in this region that will allow us to be home to new technologies including small modular reactors (SMRs), and hydrogen production.\u201d\u00a0<\/p>\n

Along with New Brunswick Power, SaskPower and Ontario Power Generation, Bruce Power has been moving forward on developing a strategy for the use of SMRs since the Ontario, New Brunswick and Saskatchewan provincial governments signed a Memorandum of Understanding last year. The MOU will put in place a framework for action on the deployment of SMRs in their respective jurisdictions. Bruce Power will continue to play a part in this important work and is supportive of the work being advanced by OPG, SaskPower and NB Power in the regions they operate.<\/p>\n

\u201cBruce Power has been and continues to be at the forefront of innovation while providing reliable, affordable energy to Ontario consumers,\u201d said Bill Walker, Associate Minister of Energy, and MPP, Bruce-Grey-Owen Sound.\u00a0 \u201cOur government supports the development of small modular reactors in Ontario and supports the efforts of Bruce Power in its pursuit of next generation nuclear technologies to power a clean and prosperous future for our province and beyond.\u00a0<\/p>\n

\u201cThis has the potential to build on the life extension project underway at Bruce Power with a host community and champion that will bring these technologies forward in the years to come.\u201d\u00a0<\/p>\n

In order to advance this future opportunity, the Bruce Power Centre for Next Generation Nuclear was launched in August with Ontario Premier Doug Ford, Saskatchewan Premier Scott Moe and Greg Rickford, Ontario\u2019s Minister of Energy, Northern Development and Mines, and Minister of Indigenous Affairs, to explore paths to develop innovative energy sources such as SMRs and hydrogen power.<\/p>\n

\u201cOur government, alongside our provincial and industry partners, is leading the charge on SMR deployment in Canada,\u201d said Rickford. \u201cWe are leveraging our nuclear expertise and bringing our made-in-Ontario technology to the forefront to lead the world in the next generation of nuclear innovation.\u201d\u00a0<\/p>\n

The announcement by the province aligns with Bruce Power\u2019s Net Zero 2050 strategy, launched in October which will see the Bruce Power Centre for Next Generation Nuclear at the Nuclear Innovation Institute carry out the following activities in 2021 to expand opportunities for the region.\u00a0<\/p>\n

These include:\u00a0<\/p>\n

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