Small modular reactor developer ARC Clean Technology, Canadian utility New Brunswick Power, and nuclear plant operator Korea Hydro & Nuclear Power have signed a memorandum of understanding to explore opportunities for commercializing ARC technology in Canada, South Korea, and the United States, as well as in other regions where KHNP has business operations.

New Brunswick Premier Blaine Higgs announces C$20 million in funding for the ARC-100 small modular reactor. Photo: ARC Canada

The Canadian province of New Brunswick has awarded C$20 million (about $15.7 million) to ARC Clean Energy Canada (ARC Canada) to support the development of the proposed ARC-100 advanced small modular reactor. The premier of New Brunswick, Blaine Higgs, announced the award during his state of the province address on February 10.

ARC Canada, headquartered in Saint John, New Brunswick, is a subsidiary of U.S.-based ARC Clean Energy, formerly known as Advanced Reactor Concepts. The company’s ARC-100 is a 100-MWe integrated sodium-cooled fast reactor that uses a metallic uranium alloy fuel. Based on Argonne National Laboratory’s Experimental Breeder Reactor-II, the reactor is designed to operate for 20-plus years without refueling.

In October 2019, ARC Canada announced that it had completed the first phase of the Canadian Nuclear Safety Commission’s (CNSC) vendor design review. (While the phase-one assessment provides detailed feedback regarding a vendor’s understanding of the CNSC’s requirements for a nuclear power plant in Canada, it does not certify the design or license the reactor.)