The Canadian government has given the go-ahead for Ontario Power Generation’s (OPG) Pickering Nuclear Generating Station to operate until 2026, providing a critical boost to Ontario’s energy grid. The extension allows the 3.1 GW station to continue supplying 11% of the province’s electricity, serving as a clean and reliable power source. Located just outside Toronto, […]
The Ontario government has thrown its support behind Ontario Power Generation’s (OPG) ambitious plan to refurbish the “B” units (units 5-8) of the Pickering Nuclear Generating Station. This major refurbishment project, costing $2 billion, is set to elevate Pickering’s capacity to a whopping 2,000 megawatts (MW), enough to power two million homes. This initiative marks […]
X-energy Reactor Company, LLC, a pioneer in advanced small modular nuclear reactors and fuel technology, announced the completion of its Series C financing round, amassing an additional $80 million. This influx, contributed by Ares Management Corporation and company founder Kam Ghaffarian, brings the total capital in this round to a notable $235 million. The Series […]
Aecon, GE Hitachi and SNC-Lavalin have partnered to develop North America’s first grid-scale small modular reactor at the Darlington New Nuclear Project for Ontario Power Generation (OPG). Under a six-year agreement, the partnership will deploy a BWRX-300 small modular reactor at Ontario Power Generation’s nuclear power project site in Clarington, Ontario before the end of […]