Government of Canada invests in small modular reactor technology
The Honourable Francois-Philippe Champagne, Minister of Innovation, Science and Industry, announced an investment of $27.2 million in Westinghouse Electric Canada Inc. to support its $57 million project so its next-generation SMR, the eVinci micro-reactor, can be successfully licensed in Canada. This technology has the potential to provide a more accessible and transportable source of low-carbon energy.
By investing in this project, the Government of Canada is supporting innovation that will help communities that rely on heavy-polluting diesel fuel to transition to a cleaner source of energy, while creating and maintaining more than 200 well-paying and full-time jobs in Canada's energy sector.
Westinghouse Electric Canada's project supports the government's Innovation and Skills Plan by helping build a highly skilled workforce and advancing research in new foundational technology-a key component for future economic growth and innovation. It also supports Canada's SMR Action Plan, which outlines a long-term vision for the development and deployment of this technology in Canada and worldwide.
"As our government moves swiftly with our green economic recovery, we are laying the foundation for a better and more prosperous climate-oriented future. Westinghouse's innovative technology will help deliver cleaner energy sources across Canada, especially in remote communities. This investment will play a critical role in fighting climate change, building on Canada's global leadership in SMRs and securing jobs in Ontario's energy sectorm" said Francois-Philippe Champagne, Minister of Innovation, Science and Industry.
