Analysis

Canada / Country Will Need 85 SMRs At Cost Of Up To $165 Billion To Reach 2050 Net Zero Targets

By David Dalton
3 June 2024

Ottawa will need to work with allies on nuclear fuel supply, says RBC report

Country Will Need 85 SMRs At Cost Of Up To $165 Billion To Reach 2050 Net Zero Targets
Plans are progressing to build up to four GE-Hitachi BWRX-300 SMRs at the Darlington nuclear station in Ontario. Courtesy GEH.
Canada will need to build a projected 85 small modular reactors at a cost of CAD102bn (€69bn, $74bn) to CAD226bn (€153bn, $165bn) to reach its net-zero emissions target by 2050, but will need to work with allied nations to secure stable supplies of enriched nuclear fuel, a report concludes.

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