Capital Power and OPG partner to advance new nuclear in Alberta

Source: | · OPG · | January 15, 2024

Agreement to assess feasibility of small modular reactors for Alberta grid

Source: Properly managed, offset programs involving heat pumps could be an extraordinary tool in fighting climate change. Photo by Shutterstock

Capital Power Corporation (TSX: CPX) (“Capital Power”) and Ontario Power Generation (“OPG”) have entered into an agreement to jointly assess the development and deployment of grid-scale small modular reactors (SMRs) to provide clean, reliable nuclear energy for Alberta.

Through the agreement, the two companies will examine the feasibility of developing SMRs in Alberta, including possible ownership and operating structures. SMRs are being pursued by jurisdictions in Canada and around the world to power the growing demand for clean electricity and energy security.

“With decades of experience building, operating and maintaining clean, safe nuclear power generation, OPG is pleased to work with Capital Power as they explore adding nuclear to Alberta’s electricity supply mix.” - Ken Hartwick, OPG President and CEO