Ontario Power Generation (OPG) and Westinghouse Electric Company have signed a Memorandum of Understanding (MOU) establishing a framework for the two organizations to identify potential areas of cooperation for deployment of nuclear technologies.
Under the MOU, the companies will seek to:
- Explore potential commercial opportunities for Westinghouse’s AP1000®, AP300™ and eVinci™ reactor technologies.
- Investigate licensing and regulatory pathways for new nuclear projects in Canada.
- Examine other potential areas for collaboration in the new-build market.
The MOU signing took place in Paris at the World Nuclear Exhibition where companies and representatives from around the world are gathering to explore the latest innovations as well as opportunities to collaborate and shape the future of clean nuclear energy.
Key facts
- To effectively decarbonize the broader economy, Ontario’s Independent Electricity System Operator says demand for clean, reliable baseload electricity will rise sharply in coming years and has called for almost 18,000 MW of new nuclear capacity by 2050.
- With a five decades-plus history operating and refurbishing large nuclear stations, OPG is leading the way on new nuclear development to help meet this growing demand. Current work includes building North America’s first fleet of small modular reactors at its Darlington New Nuclear site. The first of four 300 MW SMRs will be completed by the end of 2028, and online by the end of 2029. The MOU with Westinghouse provides OPG an opportunity to consider options for future growth.
- Westinghouse has a portfolio of advanced nuclear reactor technologies including the AP1000® large reactor technology, AP300™ SMR and the eVinci™ microreactor. The AP1000 reactor has been successfully deployed in China and the US. Eight units are under construction in China and one is nearing completion in the US.
- Westinghouse is a global Canadian owned corporation with more than 250 Canadian staff & growing providing essential services to the operating CANDU fleet in addition to developing the next generation of nuclear technologies.
