NB Power signs SMR deal with South Korea operator [Video]

While Indigenous leaders from New Brunswick are raising concerns about nuclear waste in Ottawa, NB Power’s CEO is signing on to a trilateral agreement including one of the world’s largest nuclear operators.

The agreement between NB Power, Saint John-based ARC Clean Technology, and Korea Hydro and Nuclear Power has the goal of “establishing teaming agreements for global SMR fleet deployment,” according to a statement from all three companies on Wednesday.

None of the three CEOs, including Lori Clark from NB Power and Bill Labbe from ARC, were made available for an interview on Wednesday. The agreement was signed at the Reuters SMR and Advanced Reactor 2024 Conference in Atlanta, Georgia.

NB Power is planning to add an ARC-100 small modular reactor at the Point Lepreau Nuclear Generating Station by 2030, and made an application for site preparation last year. The New Brunswick government has a goal, as stated in its 12-year-energy plan, to add 600 …