Developing an advanced small modular reactor supply chain and building a skilled industry workforce in New Brunswick was the focus of an event held Tuesday. The gathering in Saint John was hosted by NB Power, ARC Canada and Moltex Energy, with the support of various industry partners.

In the executive summary of the feasibility study for Small Modular Reactor Development and Deployment in Canada, it is estimated that national economic benefits from demonstration units in New Brunswick prior to 2035 could include: 21,870 person-years of direct and indirect employment, a positive impact on GDP (direct and indirect) of $2.15 billion, and an increase in government revenue of $198 million.

Arlene Dunn, who is the minister responsible for Economic Development and Small Business as well as minister responsible for Opportunities NB said “Our government has made energy innovation a priority sector, and the interest in the event and the importance of those who were present are a demonstration of its significance. With the growing interest in advanced small modular reactors – the next generation of nuclear technology – Tuesday’s event was the springboard required to ensure New Brunswick is ready to continue to meet the needs of this industry and is able to maximize the economic opportunity for the province’s businesses and people.”

NB Power is working with ARC Canada and Moltex Energy to advance fourth-generation reactor technology for use in New Brunswick.