Canada's Energy and Natural Resources Minister Tim Hodgson has unveiled a national nuclear strategy aiming to construct up to 10 large-scale reactors over the next 15 years to double the country's electricity grid capacity.
Key points
- The plan includes a commitment to modernize Candu reactor technology and aims to enter at least four new international markets by 2040.
- Officials estimate the construction of the new reactors could cost more than $100 billion, though the strategy does not specify funding sources.
- The government intends to double uranium exports between 2024 and 2035 and explore domestic uranium enrichment capabilities.
- The strategy targets the deployment of a Canadian-made microreactor to a remote community by the late 2030s.
Why it matters
The strategy aims to establish nuclear energy as a central pillar of Canada's low-carbon economy and as a geopolitical tool for strengthening international partnerships.
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