Canada’s population is passing 38 million and new immigration plans will push annual immigration over 400,000 per year. Canada’s immigration plan targeted a level of 361,000 immigrants in 2022 but the high range would allow 390,000 immigrants in 2022. Canada will release a 2021-2023 immigration plan in October, 2020. Canada has been increasing annual immigration …
Alberta is joining New Brunswick, Ontario and Saskatchewan to work together to support the development and deployment of SMRs (small modular reactors). Combined the four provinces are 21 million out of Canada’s 38 million people. SMRs in the future could also support Alberta’s oil and gas industry by reducing their emissions. SMR’s can be used …
General Fusion has successfully closed USD$65 million with a Series E round led by Temasek (Singapore fund). There was US$38 million (C$50 million) released from the Canada’s Strategic Innovation Fund. The total funds recently made available to General Fusion is over US$100 million. They will use the money to design, construct, and subsequently operate its …
1. The reactor pressure vessel of the APR-1400 unit 5 of South Korea’s Shin Kori nuclear power plant was installed. The 1340 MWe pressurized water reactor is scheduled to begin commercial operation in March 2023. South Korea is taking just under 6 years to complete the nuclear reactors (2017-2023). 2. The US Nuclear Regulatory Commission …
Saskatchewan is a province in Canada where all of Canada’s uranium is produced but Saskatchewan has never had a nuclear power plant. Ontario has 18 of Canada’s 19 operating nuclear reactors. Saskatchewan will finally embrace nuclear power by planning to build a small modular reactor by early to mid-2030s. Saskatchewan’s new 2019 growth plan is …
Advanced Reactor Concepts is developing an exportable, factory-produced, 100 MWe nuclear reactor with fixed fuel costs for 20+ years. The Canadian Nuclear Safety Commission (CNSC) has completed the first phase of a vendor design review of ARC Nuclear Canada’s ARC-100 small modular reactor. The design is the third advanced reactor to complete the first phase …
Moltex Energy has raised 6 million british pounds (USD7.5 million) in funding through online investment platform Shadow Foundr. Their design is a Stable Salt Reactors that builds on the fundamental safety and simplicity breakthrough of molten salt fuel in essentially standard nuclear fuel tubes. The funding will support the company through the pre-licensing process in …
US All Liquids oil production is at 19.6 million barrels per day. US oil production is forecasted to increase by 1-2 million barrels per day by the end of 2020. US crude oil production is at 12.5 million barrels per day. Saudi Arabia had to cut oil production to support oil prices. Saudi Arabia is …
Canada has one of the world’s most promising domestic markets for SMRs (Small Modular Reactors – nuclear fission). Conservative estimates place the potential value for SMRs in Canada at $5.3B between 2025 and 2040. Globally, the SMR market is much bigger, with a conservative estimated value of $150B between 2025 and 2040. This represents a …
At the 4th Mission Innovation (MI) Ministerial meeting, Mission Innovation (MI) [European countries, Canada, China and the USA] members announced bold new projects and collaborations that will push clean energy research and innovation forward with the aim of bringing affordable, reliable clean energy to communities around the world. Canada announced Breakthrough Energy Solutions Canada, a …
Moltex was founded in 2014 by Dr. Ian Scott, and was privately funded until 2018. Moltex’s mission is to enable low-cost clean energy as a practical economic solution. On 2018-07-13, New Brunswick Power and NB Government agreed to build, own and operate a SSR-W300, with New Brunswick and Moltex each funding CAD $5,000,000 towards development. …