NuScale Power said Tuesday that it has signed a memorandum of understanding (MOU) with Bruce Power L.P., Canada’s first private nuclear generator, to develop a business case to introduce NuScale’s small modular reactor (SMR) technology to the Canadian market.
Through the agreement, Bruce Power will support evaluation, planning and licensing activities, "all of which will serve an important role in demonstrating the business case for why NuScale’s technology is the right choice for Ontario and Canada," the company said. The agreement includes studies on the impacts of deployment of a NuScale plant in the province, feasibility studies for proposed SMR sites, and other risk evaluation activities to demonstrate how SMR deployment can be useful in Canada.
Bruce Power President and Chief Executive Officer Mike Rencheck said NuScale's SMR development had advanced to the point "where Bruce Power can participate in understanding and developing a conceptual business case" for the model for as a power source for Canada.
"We look forward to working with NuScale," he said.
Privately-owned Bruce Power's nuclear power generating stations provide 30 percent of the power delivered in the Province of Ontario at 30 per cent below the average cost to produce residential power in the region. The company's operations include approximately 6,400 MW of nuclear generation capacity.
In May 2018, Bruce Power and the County of Bruce announced a partnership to establish the Nuclear Innovation Institute (NII) as an international centre of excellence for applied research and training, which will evaluate applications for new nuclear technologies including Small Modular Reactor (SMRs).
The announcement follows an MOU that NuScale signed earlier this month with Ontario Power Generation Inc. to support NuScale in its vendor design review with the Canadian Nuclear Safety Commission.
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