Canadian joint venture to build and own micro modular reactor
Three Canadian companies have formed a joint venture – the Global First Power Limited Partnership – which will build, own, and operate the proposed micro modular reactor (MMR) project at the Chalk River Laboratories site in Ontario.
The three companies are Global First Power (GFP), Ultra Safe Nuclear Corporation (USNC) and Ontario Power Generation (OPG). The joint venture is owned equally by OPG and USNC-Power, the Canadian subsidiary of USNC, and is based on a project which was initiated in 2019 by GFP.
GFP, based in Ottawa, will oversee the proposed MMR project and provide project development, licensing, construction and operation of a planned commercial demonstration reactor at Chalk River.