Ontario kickstarts a new era for nuclear power

When the federal government announced a new clean investment tax credit for SMRs in the Fall Economic Statement last November, the first response of the nuclear industry was, that’s fantastic! The second response was, but what about large nuclear? In Ontario, the Independent Electricity Systems Operator (IESO) projected in November that almost 18 GW of new nuclear would be needed in the province by 2050 to meet net zero goals. Achieving would be near impossible without additional large nuclear.

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