Nuclear power generating firm Ontario Power Generation (OPG) and its peer Westinghouse Electric Co signed a Memorandum of Understanding (MOU) on Thursday, in Paris at the World Nuclear Exhibition.
This partnership aims to establish a framework for deployment of nuclear technologies said OPG, also to investigate potential business prospects for Westinghouse’s AP1000, AP300 and eVinci reactor technologies.
The newly build collaboration also examine other potential areas to venture into the new-build market. Additionally, to study licensing and regulation for the upcoming projects in Canada.
Late November the Canadian firm partnered with companies from Canada, United States and France to strengthen nuclear fuel supply chain and attain self-sufficiency and to develop nuclear generators to decarbonize their economy.
“Along with building four SMRs at our Darlington New Nuclear site, we believe it is prudent to explore all nuclear technologies that could help build out the grid in a timely, cost-effective way that benefits Ontario ratepayers,” said Ken Hartwick, chief executive of OPG.
“Westinghouse looks forward to further developing our long-standing relationship with OPG and to the opportunities that our full set of advanced reactor technologies offers for a very diverse set of market needs,” said Patrick Fragman, executive chief Westinghouse.
“The AP1000 reactor has achieved fleet status, providing exceptional availability and economics. For that reason, we based the AP300 SMR on this proven, licensed technology, along with the eVinci microreactor for a myriad of applications for communities and industry,” Fragman added.
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