Canada Invests $13.6 Million in SMR Research

The Canadian government has announced a $13.6 million investment to support nine research projects for Small Modular Reactors (SMR), aiming to strengthen the country's nuclear capabilities and contribute to a low-carbon economy.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Natural Resources Canada’s (NRCan) Enabling Small Modular Reactors (SMR) Program has allocated $13.6 million across nine initiatives. These projects cover various aspects of SMR development, from dry fuel storage to the implementation of new manufacturing technologies. This funding aims to address technical challenges to deploy these technologies safely and effectively.

####

List of Funded Research Projects:

1. **Queen’s University (Kingston, Ontario)**
– **Amount:** $935,542
– **Objective:** Study dry fuel storage and conduct a technological and lifecycle assessment of SMRs to facilitate their efficient deployment.

2. **Chemetics (Pickering, Ontario)**
– **Amount:** $2,131,000
– **Objective:** Support the development of new manufacturing technologies for SMR components by testing and qualifying innovative methods.

3. **Prodigy Clean Energy Ltd (Montreal, Quebec)**
– **Amount:** $2,750,000
– **Objective:** Research and develop transportable nuclear power plants to support the SMR supply chain.

4. **Nuclear Waste Management Organization (NWMO) (Toronto, Ontario)**
– **Amount:** $3,750,000
– **Objective:** Adapt the NWMO’s Adaptive Phased Management program to ensure its compatibility with future SMR deployment.

5. **Calian Ltd (Ottawa, Ontario)**
– **Amount:** $261,535
– **Objective:** Develop a guide for potential SMR suppliers and operators on radiological elements management in construction materials.

6. **Organization of Canadian Nuclear Industries (Pickering, Ontario)**
– **Amount:** $543,000
– **Objective:** Develop the national Ready4SMR program to identify technological supply risks and establish strategies to mitigate them.

7. **Kinectrics (Etobicoke, Ontario)**
– **Amount:** $126,475
– **Objective:** Study the feasibility of eliminating the carbon-14 isotope by recovering it from radioactive waste and explore options to divert these waste streams.

8. **North Shore Mi’kmaq Tribal Council (Eel Ground, New Brunswick)**
– **Amount:** $2,070,336
– **Objective:** Study and develop robust supply chains for SMR manufacturing while anchoring elements of ownership in New Brunswick with First Nations participation.

9. **Opportunities New Brunswick (Fredericton, New Brunswick)**
– **Amount:** $1,094,850
– **Objective:** Develop a research and development lifecycle framework to support modular SMR manufacturing and their economic deployment in Canada.

####

Strategic Positioning

This $13.6 million investment demonstrates the Canadian government’s ambition to position the country as a key player in the SMR market, estimated to reach $150 billion annually by 2040. By investing in research, new technology development, and strengthening supply chains, Canada is preparing to capture a significant share of this emerging market. This strategy aims to meet international demand for low-carbon energy solutions while enhancing the competitiveness of the national nuclear industry.

The Estonian Ministry of Economic Affairs has opened a tender to select a site and conduct initial environmental studies for a 600 MW nuclear power plant, marking a decisive step for the country’s energy future.
The European Commission has approved Poland's financial support plan for its first nuclear power plant, a €42bn project backed by public funding, state guarantees, and a contract for difference mechanism.
Six European nuclear authorities have completed the second phase of a joint review of the Nuward modular reactor, a key step toward aligning regulatory frameworks for small nuclear reactors across Europe.
Driven by off-grid industrial heat demand and decarbonisation mandates, the global small modular reactor market is set to grow 24% annually through 2030, with installed capacity expected to triple within five years.
US fusion energy leaders have called on the federal government to redirect public funding towards their projects, arguing that large-scale investment is needed to stay competitive with China.
Santee Cooper has approved a memorandum of understanding with Brookfield Asset Management to assess the feasibility of restarting two unfinished nuclear reactors, with a potential $2.7 billion payment and 550 MW capacity stake.
Helical Fusion has signed a landmark agreement with Aoki Super to supply electricity from fusion, marking a first in Japan’s energy sector and a commercial step forward for the helical stellarator technology.
India’s nuclear capacity is expected to grow by more than 13,000 MW by 2032, driven by ongoing heavy water reactor construction, new regional projects and small modular reactor development by the Bhabha Atomic Research Centre.
NextEra Energy has lifted its earnings estimates for 2025 and 2026, supported by power demand linked to long‑term contracts previously signed with Google and Meta to supply their artificial intelligence data centres with low‑carbon electricity.
London launches a complete regulatory overhaul of its nuclear industry to shorten authorisation timelines, expand eligible sites, and lower construction and financing costs.
Finland's Ministry of Economic Affairs extends the deadline to June 2026 for the regulator to complete its review of the operating licence for the Olkiluoto spent nuclear fuel repository.
The conditional green light from the nuclear regulator moves Cigéo into its final regulatory stage, while shifting the risks towards financing, territorial negotiations and industrial execution.
The drone strike confirmed by the IAEA on the Chernobyl site vault exposes Ukraine to a nuclear risk under armed conflict, forcing the EBRD to finance partial restoration while industry standards must now account for drone threats.
Deep Fission is installing a 15 MWe pressurised reactor 1.6 km underground at Great Plains Industrial Park, under the Department of Energy’s accelerated pilot programme, targeting criticality by July 4, 2026.
The full-scope simulator for the Lianjiang nuclear project has successfully passed factory acceptance testing, paving the way for its installation at the construction site in China's Guangdong province.
A coalition of Danish industry groups, unions and investors launches a platform in support of modular nuclear power, aiming to develop firm low-carbon capacity to sustain industrial competitiveness.
The United Kingdom and TAE Technologies create a joint venture in Culham to produce neutral beams, a key component of fusion, with strategic backing from Google.
Texas-based developer Natura Resources receives new federal funding to test key components of its 100-megawatt modular reactor in partnership with Oak Ridge National Laboratory.
The Niigata regional assembly is deliberating on restarting unit 6 of the world’s largest nuclear plant, thirteen years after operations ceased following the Fukushima disaster.
Reactor Doel 2 was taken offline, becoming the fifth Belgian reactor to cease operations under the country’s gradual nuclear phase-out policy.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.