Article from Reuters

Canada will provide C$970 million ($708 million) in financing to develop a grid-scale small modular reactor (SMR), a new nuclear technology touted as a key part of the country’s plans to reduce emissions, Natural Resources Minister Jonathan Wilkinson said on Tuesday.

The project, which is being developed by utility Ontario Power Generation (OPG) in Darlington, Ontario, will be the first commercial grid-scale SMR in the Group of Seven wealthy nations (G7), according to the minister’s spokesperson.

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