SMRs' new nuclear reactor technology points to Canada's economic growth

#JointEffortsOfThreePremiers; #DevelopNuclearReactorTechnology; CanadaEconomyBoost; #SMRs

Ottawa, Dec 1 (Canadian-Media): A joint announcement and signing of memorandum of understanding was done Sunday by Doug Ford, premiere of Ontario, Scott Moe, Saskatchewan premier and Blaine Higgs, premier of New Brunswick, in advance of a meeting of all the premiers, about their commitment for collaboration on developing nuclear reactor technology in Canada. media reports said.

Ontario, Saskatchewan and New Brunswick have signed a Memorandum of Understanding (MOU), committing to collaborate on the development and deployment of innovative, versatile and scalable nuclear reactors, known as Small Modular Reactors (SMRs), right here in Canada. pic.twitter.com/dDHGOh2n43

— Doug Ford (@fordnation) December 1, 2019

The provincial leaders estimated that this project could boost in Canadian market at $10 billion and the global market at $150 billion.
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"It's showing how provinces come together on issues of the future," said Ford.

These premieres would concentrate on the research, development and building of small modular reactors to help these provinces reduce carbon emissions and move away from non-renewable energy sources like coal. 

Besides ease of construction, of small modular reactors (SMRs), the premiers said that they  offer more safety than large reactors and are regarded as cleaner energy than coal. They can be small enough to fit in a school gym. 

In Canada, about a dozen companies are currently in pre-licensing with the Canadian Nuclear Safety Commission, which is reviewing their designs.

"Canadians working together, like we are here today, from coast to coast, can play an even larger role in addressing climate change in Canada and around the world," Moe said.