Ontario Power Generation (OPG) and Capital Power Corporation have entered into an agreement to jointly assess the development and deployment of grid-scale small modular reactors for the Canadian province of Alberta.

The two companies said they will examine the feasibility of developing SMRs in Alberta, including possible ownership and operating structures.

SMRs are being pursued by jurisdictions in Canada and around the world to power the growing demand for clean electricity and energy security.

OPG and Capital Power, an Alberta-based power utility, will complete the feasibility assessment within two years while continuing to work on the next stages of SMR development.