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GE Hitachi Nuclear to build small reactor in Canada

TOKYO, Dec 3 (Reuters) – GE Hitachi Nuclear Energy, an alliance between General Electric Co (GE.N) and Japan’s Hitachi Ltd (6501.T) will build a small modular nuclear reactor (SMR) with Ontario Power Generation (OPG) (ONPWG.UL), the Canadian utility said on Friday.

OPG will deploy the SMR at its site in Darlington where it has a license to build a new nuclear power site that it expects to complete around 2028, the company said in a press release.

SMRs can be made in factories and transported to power plants for installation, making them cheaper than larger conventional reactors. Demand for SMRs is expected to grow as nations around the world look for ways to cut carbon emissions.

Canada wants to phase out coal by 2030 and become carbon neutral by 2050.

Read full article at Reuters