Two of North America’s major nuclear utilities have announced a partnership to develop advanced nuclear technology as an integral part of a clean energy future and creating a North American energy hub.
Canada-based Ontario Power Generation and Tennessee Valley Authority of the US said they will jointly work to help develop small modular reactors as a long-term source of 24/7 carbon-free energy in both Canada and the US.
They said the no exchange of funding is involved in the “win-win” agreement. However, the collaboration will help OPG and TVA reduce the financial risk that comes from development of innovative technology, as well as future deployment costs.
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