NUCLEAR POWER IS ALREADY POWERING ONTARIO CANADA & THEY ARE LEADING THE WAY WITH SMR’S

Why aren’t our politicians following what is happening in Canada specifically in Ontario. Watch the video below and hear from Ontario politicians on what they believe about nuclear power.

(CAMBRIDGE, Ontario – April 19, 2024) – BWX Technologies, Inc. (NYSE: BWXT) announced today an investment to expand its Cambridge manufacturing plant. Already one of the largest nuclear commercial manufacturing facilities in North America, the site’s increased footprint will enable greater capacity to support ongoing and anticipated customers’ investments in Small Modular Reactors, traditional large-scale nuclear, and advanced reactors, in Canada and around the world.

The expansion, estimated to cost C$50 million, will increase the facility’s footprint 25 percent to 280,000 square feet. Additionally, over the next few years, BWXT will invest approximately C$30 million in advanced manufacturing equipment for the facility that has designed and manufactured hundreds of large nuclear components. This total estimated C$80 million investment will increase capacity significantly, improve productivity and create more than 200 long-term jobs for skilled workers, engineers and support staff in the area. 

John MacQuarrie, president of Commercial Operations, BWXT, stated, “Our expansion comes at a time when we’re supporting our customers in the successful execution of some of the largest clean nuclear energy projects in the world. At the same time, the global nuclear industry is increasingly being called upon to mitigate the impacts of climate change and increase energy security and independence. By investing significantly in our Cambridge manufacturing facility, BWXT is further positioning our business to serve our customers to produce more safe, clean, and reliable electricity in Canada and abroad.” 

Mike Rencheck, president and CEO of Bruce Power said, “The nuclear industry is powering Ontario’s economy, by supplying clean, reliable electricity, life-saving medical isotopes, and creating thousands of good jobs. We are supporting advanced manufacturing while providing a deeply decarbonized grid to attract new businesses to our province. The expansion at the BWXT facility in Cambridge is another great example of the positive impact our industry can have in communities all across the province. Clean air, cancer-fighting medical treatments, and economic expansion leading Ontario to a better future.”

Ken Hartwick, president and CEO of Ontario Power Generation (OPG), said, “As we refurbish our existing nuclear facilities and build new, OPG is also generating jobs and economic activity in Ontario’s robust nuclear supply chain. BWXT’s planned expansion is a great example of how building out a system to meet Ontario’s increasing clean energy needs is also paying dividends for our province’s economy.” 

Recent announcements by provincial governments to increase emissions-free power generation have reinvigorated the nuclear industry in Canada. Within the last year, the Government of Ontario has announced support for building a total of four small modular reactors (SMRs) for Ontario Power Generation’s (OPG) Darlington New Nuclear Project; refurbishing OPG Pickering Nuclear Generating Station; and initiating pre-development work for siting up to 4,800 MWs of new nuclear power generation at Bruce Power.  

Premier of Ontario Doug Ford said, “We’re thrilled to see BWXT expand its footprint and create hundreds of new jobs in Cambridge. As our province continues to lead the future of nuclear energy, the company’s investment will help provide Ontario families and businesses with access to clean, reliable, and affordable power.