Canada Infrastructure Bank (CIB) has finalized an agreement with Ontario Power Generation, committing C$970 million (about $715 million) to Canada’s first small modular reactor, to be located at OPG’s Darlington nuclear power plant in Clarington, Ontario.

A state-owned enterprise founded in 2017, CIB is charged with financially supporting revenue-generating infrastructure projects in the public interest via public-private partnerships. The agreement with OPG is the bank’s largest investment in clean power to date, according to a Tuesday joint announcement.

Finnish energy company Fortum has announced the launch of a two-year feasibility study to explore the potential for new nuclear construction, with a focus on Finland and neighboring Sweden. The utility said it will examine commercial, technological, and societal conditions for both conventional large reactors and small modular reactors.

Some two weeks after unveiling his state’s 2022 Energy Plan, Virginia Gov. Glenn Youngkin has announced his intention to include $10 million in the state’s next budget proposal—due in December—to create the Virginia Power Innovation Fund for research and development of nuclear, hydrogen, carbon capture and utilization, and battery storage technologies.

Canada’s Ontario Power Generation (OPG) and Czech Republic–based ČEZ have agreed to collaborate on nuclear technology deployment, including small modular reactors, under a memorandum of understanding signed yesterday in Prague.

Ontario’s largest electricity generator and the European energy giant have both pledged to achieve net-zero carbon emissions by 2040.

Energy firms Nuclearelectrica and Nova Power & Gas have launched a joint venture, RoPower Nuclear, for the development of small modular reactors in Romania, with SMR technology provided by NuScale Power, of Portland, Ore.

Largely state-owned, Nuclearelectrica operates Romania’s sole nuclear power facility, the two-unit Cernavoda plant, while Nova Power & Gas, a subsidiary of the privately held E-Infra Group, is a supplier and distributor of electricity and natural gas in Romania. The two firms own equal shares of RoPower.

Ontario Power Generation and Microsoft Canada have formed a partnership aimed at combatting climate change and driving sustainable growth across the province of Ontario, the Canadian utility announced this week.

Under the partnership, Microsoft will procure clean energy credits (CECs) sourced from OPG’s nuclear and hydro assets in Ontario on an hourly basis. (OPG’s nuclear assets include the four-unit Darlington plant and six-unit Pickering facility.) According to the announcement, this will enable Microsoft to advance toward its 100/100/0 by 2030 goal, which commits the software firm to powering its data centers globally with zero-carbon energy, 24/7.

As part of its planning and regulatory activities to potentially build small modular reactors (SMRs) in currently nuclear-powerless Saskatchewan, Canadian utility SaskPower has selected the province’s Estevan and Elbow regions for further study. (In 2018, SaskPower joined the Canadian government, three other provinces, and four other Canadian utilities to participate in the development of A Call to Action: A Canadian Roadmap for Small Modular Reactors.)

Paragon Energy Solutions and Reuter-Stokes have signed a contract to design and manufacture neutron monitoring detectors for small modular reactor developer NuScale Power.

Portland, Ore.–based NuScale Power and KGHM Polska Miedź S.A. have signed the first task order and a statement of commencement to begin work under an agreement signed in February to initiate deployment in Poland of NuScale’s small modular reactor technology, the American firm announced this week. The task order was inked September 7 at the 31st Economic Forum, held September 6–8 in Karpacz, Poland.

Just one week after entering into an exclusive agreement with a Dutch nuclear development company to deploy small modular reactors in the Netherlands, U.K.-based Rolls-Royce SMR has announced the signing of a memorandum of understanding with Škoda JS to explore “areas of collaboration” for SMR deployment in both the Czech Republic and elsewhere in Central Europe.

The United Kingdom’s Rolls-Royce SMR has signed an exclusive agreement with ULC-Energy—a Dutch nuclear development company established in 2021—to deploy small modular reactor stations in the Netherlands. (ULC stands for Ultra Low Carbon.)

NuScale Power yesterday announced the signing of a memorandum of understanding with Estonia’s Fermi Energia, a company focused on small modular reactor development to address the Baltic state’s climate and energy security goals.

Under the MOU, Fermi Energia will evaluate the Portland, Ore. – based firm’s small modular reactor design for deployment in Estonia. (There are no nuclear power facilities in Estonia or in the other Baltic countries, Latvia and Lithuania.)

Rod Adams

In 1993, after a decade in the nuclear navy during which time I fell in love with nuclear power, I left the service and founded Adams Atomic Engines (AAE) to develop a small, portable engine powered by fission. Today, AAE would be seen as a venture developing an SMR, but back then, I couldn’t find enough investors who understood or believed in my vision.

That was deeply disappointing, but over the next several decades I stayed connected with other innovators who had similar visions. I found great satisfaction interviewing members of the industry through the Atomic Show podcast and publishing news about advanced nuclear developments on my website, Atomic Insights.

Fast forward, and the world is in a very different place. A few years ago, I was contacted by an investor who saw the potential of advanced nuclear designs to meet the world’s needs for a clean energy revolution, and I was thrilled. Even in 2019, there were almost no venture capitalists focusing on what was happening in the nuclear industry—probably because nuclear had never fit the venture capital model, which involves investing in the equity of a growing private venture.

Evidence that Canada is serious about becoming a world leader in small modular reactor deployment continues to mount. Ontario-based SMR developer Terrestrial Energy yesterday inked a memorandum of understanding with Invest Alberta—a crown corporation of the government of Alberta that promotes the province internationally—to support commercialization of the company’s Integral Molten Salt Reactor (IMSR) in western Canada.

Small modular reactor developer X-energy and materials science giant Dow this morning announced the signing of a letter of intent aimed at deploying X-energy’s Xe-100 reactor technology at one of Dow’s U.S. Gulf Coast facilities. The companies expect the SMR plant, which would provide power and process heat to the Dow facility, to be operational by approximately 2030.

Dow is the first manufacturer to declare its intention to develop SMR technology options and intends to take a minority equity stake in X-energy, according to the announcement.

News of the collaboration broke at the American Nuclear Society’s Utility Working Conference and Vendor Technology Expo, being held through August 10 at Marco Island, Fla.

X-energy and Dow announced today a collaboration with intent to deploy an advanced small modular reactor at one of Dow’s U.S. Gulf Coast facilities. The SMR, which would be operable by about 2030, would provide heat and power to the Dow facility.

The announcement was made at the American Nuclear Society's Utility Working Conference and Vendor Technology Expo (UWC 2022), being held through August 10 at Marco Island, Fla.

The Tennessee Valley Authority and GE Hitachi Nuclear Energy (GEH) have signed an agreement to support planning and preliminary licensing for the potential deployment of a BWRX-300 small modular reactor at the Clinch River site near Oak Ridge, Tenn., the utility’s president and chief executive officer, Jeff Lyash, announced last week.

An evolution of GEH’s 1,520-MWe Generation III+ ESBWR design, the BWRX-300 is a 300-MWe water-cooled, natural-circulation SMR with passive safety systems.

Last Energy, a Washington, D.C.–based small modular reactor startup, has signed a letter of intent with Poland’s Legnica Special Economic Zone (LSSE) and DB Energy for a power plant featuring 10 small modular reactors with 200 MWe of capacity to fuel the region’s industrial activities. (Established in 1997, the LSSE covers 18 subzones located in the central part of southwestern Poland’s Dolnośląskie Province and is home to more than 75 companies providing some 16,000 jobs.)

Rockville, Md.–based X-energy announced yesterday that it has selected Zachry Group and a combined team from Burns & McDonnell and Day & Zimmermann to work with the company on the next phases of design and deployment for its Xe-100 small modular reactor fleet.

U.K.-based reactor developer Rolls-Royce SMR last week announced a list of six potential sites for its first small modular reactor factory. According to the company's announcement, the factory—the largest and most complex of three such facilities envisioned by the company—will manufacture the SMR vessels.