PORT HOPE, ONT. — Canadian uranium provider Cameco and Bruce Power have announced the creation of the NII Centre for Next Generation Nuclear Technologies to identify post-COVID economic, environmental and health care projects.
The two firms are founding members of the NII, the Nuclear Innovation Institute.
In addition, further to the Bruce Power Life-Extension Program and the existing long-term supply agreement, Cameco and Bruce Power have announced the additional supply of 1,600 specialized fuel bundles for Unit 6, scheduled for restart in 2024, stated a recent release.
The release said the firms intend to “leverage one of Canada’s largest infrastructure projects, the Bruce Power Life-Extension Program, to help rebuild the national economy through innovation, including exploring project acceleration and other opportunities.”
The new centre will focus on new technologies such as small modular reactors (SMRs), cancer-fighting isotopes and hydrogen development through infrastructure investments, the statement said. It will also look at how the current Bruce Power site output can be enhanced with new technologies.
Cameco is based in Saskatchewan and Bruce Power is headquartered in Ontario.
“Today’s announcement, along with the existing long-term arrangements between Bruce Power and Cameco, opens the door to assist the provincial governments in both Saskatchewan and Ontario with getting the economy back on its feet after six difficult months working to protect and keep people safe in both provinces,” said Mike Rencheck, president and CEO of Bruce Power in a statement.
“Our focus, through the centre, on next-generation nuclear technology is anchored on the basis of building from our existing assets including life extension and efficiencies, partnerships and supply chain. This has the potential to fully leverage existing assets, reducing the need for more costly new generation in the future, creating a foundation for new medical isotopes and a hydrogen economy all while laying the foundation for new nuclear such as SMRs.”
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