In 2018, Canada published a strategic plan – a roadmap – to develop small modular nuclear reactors (SMRs) across the country. An SMR is one designed to generate 300 megawatts (MW) of electricity or less, compared to Canada’s existing CANDU power reactors which generate 500 MW or more.
According to the “SMR Roadmap,” the first demonstration SMR was expected to be operating in 2026. In this milestone year, our report analyzes the financial and developmental status of the 10 SMR designs with some kind of presence in Canada.