S'abonner

Westinghouse signs a 20 billion CAD agreement for nuclear projects in Canada

Westinghouse and Aecon announce partnerships to develop AP1000 reactors in Canada, with an economic impact estimated at 20 billion CAD and thousands of jobs at stake.

Share:

Westinghouse Electric Company, in partnership with the Canadian company Aecon, has signed two strategic agreements aimed at accelerating the construction of new nuclear reactors in Canada. These initiatives address the growing demand for clean energy and the need to strengthen the country’s energy security.

A cooperation strategy for AP1000 reactors

The first agreement between Westinghouse and Aecon paves the way for the construction of advanced AP1000 reactors at several sites in Canada. This reactor type is recognized for its safety and energy efficiency. Through this commitment, the two partners aim to provide significant energy capacity while boosting the local economy by utilizing Canadian resources and expertise.

Aecon, with longstanding expertise in nuclear component manufacturing, will play a central role in these projects. The company, based in Ontario, has already been involved in supplying modules for major projects in the United States, such as the Vogtle plant in Georgia.

Significant economic impacts

According to Westinghouse, each project involving four AP1000 reactors could generate an economic impact of 28.7 billion CAD on Canada’s GDP. The construction phase alone is expected to mobilize nearly 8,000 local workers, while operational activities will require 12,000 long-term jobs.

These projects are also part of Canada’s energy transition strategy, aimed at reducing carbon emissions while strengthening the resilience of the electrical grid. AP1000 reactors, already operational in several countries, offer an immediate solution to these challenges.

Strengthening Canadian industrial capacity

The collaboration with Aecon highlights Westinghouse’s commitment to integrating local partners into its projects. Aecon will use its Cambridge facility, specialized in manufacturing nuclear components, to meet the technical requirements of AP1000 reactors.

In parallel, Westinghouse has signed several agreements with other Canadian companies, such as BWXT Canada and Seaspan ULC, to strengthen its manufacturing and supply network. These partnerships will ensure the rapid and efficient execution of projects while diversifying local industrial capabilities.

A strategic vision for nuclear energy

With the recent opening of a global engineering hub in Kitchener, Ontario, Westinghouse affirms its intention to position Canada as a hub for advanced nuclear technologies. These initiatives reflect a strategic vision to address urgent energy needs while supporting local economic development.

The announcement of these agreements comes as Canada accelerates its efforts to meet climate goals and ensure a reliable energy supply. AP1000 reactors represent a key option to achieve these priorities, thanks to their ability to provide clean and sustainable energy.

  • Populaires ​
Ardian completes Akuo takeover and installs Bruno Bensasson at the helm
Donald Trump significantly increases US tax credits for carbon capture
Czech Republic hit by massive power outage disrupting the economy
LNG Canada launch has no immediate effect on gas prices
ArcLight Capital acquires Middletown Energy to meet growing energy needs
EnergyX acquires 35,000 acres of US lithium from Pantera Lithium
Energy Exploration Technologies acquires Daytona Lithium, an Australian subsidiary of Pantera Lithium, for AUD40mn ($27mn), bringing its strategic lithium basin footprint in Smackover, USA to nearly 50,000 acres.
Canada: CCSN approves the ARC-100 reactor design review
The Canadian Nuclear Safety Commission has identified no major barriers to licensing the ARC-100 reactor, announces ARC Clean Technology.
Lithuanian nuclear operator SE Ignalina signs agreement with Newcleo
SE Ignalina, the Lithuanian nuclear operator, has signed a memorandum of understanding with French firm Newcleo to explore the integration of small modular reactors (SMRs) using lead-cooled fast reactor (LFR) technology in Lithuania.
Egypt: Supplementary agreements signed for the El Dabaa nuclear power plant
Egyptian President Abdel Fattah al-Sisi oversaw the signing of new agreements for the construction of the El Dabaa nuclear power plant, thus strengthening the strategic cooperation between Egypt and Russia.
Vistra obtains approval to extend Perry nuclear plant operations
Vistra Corp receives green light to extend Perry nuclear plant operations in Ohio by 20 years, securing regional electricity supply until 2046 and ensuring operational continuity for all its nuclear reactors in the United States.
EDF injects €1.3 billion into Sizewell C, its second British EPR
EDF will hold a 12.5% stake in the Sizewell C nuclear project in the UK, a €1.3 billion investment announced during Emmanuel Macron’s official visit to London, confirming the strategic nuclear energy alignment between the two countries.
France: Cigéo nuclear waste underground storage project makes significant progress
The French Cigéo project, designed to bury the most hazardous radioactive waste deep underground, obtains a crucial technical validation before its final authorization, expected by the end of 2027.
EDF launches its nuclear Technocentre in Fessenheim, estimated investment of €450 million
EDF confirms the continuation of its industrial project in Fessenheim for recycling very low-level radioactive metals, a first in France requiring specific regulatory authorizations, following a public debate concluded last February.
NANO Nuclear signs strategic agreement with UrAmerica on Argentine uranium
NANO Nuclear Energy Inc. formalizes its collaboration with UrAmerica Ltd. to strengthen Argentina’s uranium supply, aiming to secure future nuclear fuel supply chains for the U.S. market.
SHINE and Standard Nuclear form strategic partnership on recycled fuel
American companies SHINE Technologies and Standard Nuclear partner to recycle uranium and plutonium, supplying advanced fuel to the nuclear reactor sector and enhancing the national energy security of the United States.
Floating nuclear power plants evaluated to supply Mediterranean regions
The American Bureau of Shipping and two nuclear sector companies are studying the potential deployment of floating nuclear power plants to meet the energy needs of island and coastal regions in the Mediterranean, notably via electricity and desalination.
Lithuania explores nuclear option with small modular reactors
Lithuania establishes a working group tasked with assessing the feasibility of modular nuclear reactors to meet electricity demand estimated at 74 TWh by 2050.
Framatome wins two major contracts to extend Belgian nuclear operations
Framatome has secured two significant contracts from Electrabel covering modernisation and technical support for the Tihange 3 and Doel 4 nuclear reactors, as part of their extension agreed upon between Engie and the Belgian government.
Egypt accelerates El-Dabaa national grid connection for 2026
Cairo is stepping up connection works for the planned 4,800 MW El-Dabaa nuclear plant, developed with Rosatom, to feed the grid from 2026 with output equal to about seven % of national electricity.
EDF postpones restart of Flamanville EPR to August 13
EDF extends Flamanville EPR's shutdown to August 13 to conduct technical checks on three valves of the reactor's primary circuit, initially scheduled to resume production this week.
United States selects Westinghouse and Radiant to test their nuclear microreactors
The US Department of Energy has selected Westinghouse and Radiant Nuclear to conduct the first nuclear microreactor tests at the DOME experimental centre located in Idaho, with operational start expected in spring 2026.
GE Vernova and Fortum launch major nuclear project in Scandinavia
GE Vernova Hitachi Nuclear Energy and Fortum announce partnership aimed at preparing for the potential deployment of small modular reactors in Finland and Sweden, with commissioning scheduled for the 2030s.
Energy Fuels extracts 638,700 pounds of uranium at Pinyon Plain mine
Energy Fuels Inc. announced record production of 638,700 pounds of uranium during the second quarter of 2025 at its Pinyon Plain mine in Arizona, significantly surpassing initial site performance forecasts.
Argentina and Peru strengthen cooperation in civil nuclear sector
Argentina and Peru have signed an agreement expanding their scientific and technological cooperation in the civil nuclear field, including joint research projects and specialised training programmes for future development.
World Bank resumes nuclear financing after decades of absence
After several decades without funding nuclear projects, the World Bank has formed a strategic partnership with the IAEA to provide technical and financial support to countries integrating nuclear energy into their energy strategies.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING