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 SMR at its Darlington site, where it holds a license to build a new nuclear site that it plans 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 SMR is expected to increase as countries around the world seek ways to reduce carbon emissions.

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

SMRs have a capacity of up to 300 MW (e) per unit, or about a third of conventional reactors, according to the International Atomic Energy Agency.

Canada gets about 15% of its electricity from nuclear power from 19 reactors, mostly in Ontario, producing 13.5 GWe, according to the World Nuclear Association.

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Reporting by Tim Kelly; Editing by Ana Nicolaci da Costa

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