Advanced Reactor Concepts and ARC Nuclear Canada Inc., collectively ARC Nuclear, and New Brunswick Power (NP) said Tuesday they had agreed to work cooperatively to explore the development, licensing and construction of an advanced small modular reactor (SMR) based on ARC Nuclear’s mature Generation IV sodium-cooled fast reactor technology.
ARC has agreed to collaborate with NB Power in exploring the potential future deployment of the ARC-100 at NB Power’s Point Lepreau nuclear plant site as an initial location. Thereafter, the companies will explore other sites "in Canada and worldwide," they said in a statement.
The ARC-100 is a 100 MWe sodium cooled, fast flux, pool type reactor with metallic fuel. It builds on the EBR-II reactor in operation in Idaho.
While using the technology for a local power source, "The larger objective is the establishment of Canada’s New Brunswick Province as a center of excellence and the manufacturing hub for advanced SMR products based on the ARC-100 technology," according to the companies.
The project will result in a nuclear supply chain created in the Province with well-paying jobs and substantial new economic opportunity.
"This has great potential not only to make New Brunswick a leader in emerging energy sectors but to bring growth and opportunities to our economy," said David Campbell, chair of the New Brunswick Energy Solutions Corporation.
ARC will be continue to work with support from GE Hitachi Nuclear Energy (GEH), with which it has announced a previous cooperation agreement. "GEH ... builds on a 60-year history as an original equipment manufacturer of boiling water reactors worldwide, while the ARC Nuclear team brings decades of sodium fast reactor experience to this effort," ARC said.
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SMR new technology is great to see.