Westinghouse is 49% - owned by one of the component companies of our hyperconcentrated electrical mini-portfolio, the world's #2 uranium miner, Cameco.
From the Globe and Mail, June 22:
Nuclear strategy raises questions about Canada’s predilection for Candu
The federal government seeks to reinvigorate Canada’s homegrown Candu reactor and sell more units abroad, according to a strategy for nuclear energy unveiled Monday.
In the document, dubbed the Nuclear Energy Strategy, the government said Canada could capitalize on a surge of global interest in nuclear power by bolstering the domestic supply chain for the Candu reactor, the Canadian-made technology used to build and operate nuclear-generating stations in the country since the 1960s.
However, the government emphasized that provinces that pursue new nuclear plants – the strategy wants 10 new nuclear-generating stations built in the coming decades – will decide which reactor technologies they wish to build, and mentioned other reactor designs, including Westinghouse Electric’s AP1000 and GE Vernova Hitachi’s BWRX-300.
Still, the Candu was singled out dozens of times in the strategy. The government said it would work to ensure its commercial viability and assess whether heavy water (a unique requirement for Candu reactors) should be produced domestically. And it set an export target of “at least four new international CANDU markets by 2040.”
Energy Minister Tim Hodgson said reactor safety requirements introduced since the 2011 accident at Japan’s Fukushima Daiichi Nuclear Power Station must be integrated into an updated Candu design, though other improvements have been introduced to Candus during mid-life overhauls.
“We will ensure Candu is a viable technology for the different provinces to choose from,” Mr. Hodgson said.
The Candu was developed largely between the 1950s and the 1980s by Atomic Energy of Canada Limited, a Crown corporation. The government still owns the intellectual property, but AECL’s reactor division was sold to AtkinsRéalis Group Inc. (formerly SNC-Lavalin) in 2011....
....MUCH MORE
Along with the sidebars, an excellent overview of what's what in Ottawa and points West.
The BWRX-300 is a mini-nuke:
May 2025 - Nuclear: "Canada to Build $15 Billion Modular Nuclear Plant, First in G-7" (GEV)
This puts the SMR wannabes on notice, they had better pick up the pace or bow out of the race....August 2025 - Poland's First Small Modular Reactor Will Be A GE Vernova-Hitachi BWRX-300 (GEV
