Jan 25, 2020
Saint John, NB – The Canadian Nuclear Association (CNA)'s Public Newsletter published a summary of ARC Canada’s current efforts to prepare for a Phase II review.
ARC Canada has already successfully completed the first phase of the Canadian Nuclear Safety Commission (CNSC) Vendor Design Review (VDR) for its ARC-100 advanced small modular reactor (SMR).
“We do not consider the successful completion of the Canadian Nuclear Safety Commission (CNSC) VDR Phase 1 results an approval, but it does send a strong signal to investors and operators that we fully understand where CNSC stands with regards to our technology as we continue to move forward,” says Norman Sawyer, President & CEO of ARC Canada.
This means that ARC Canada is now on the path toward building its technology in New Brunswick. It also sets the stage for a Phase 2 review, which Sawyer describes as “a deeper dive” into the company’s technology design and plans.
Sawyer points to the ARC-100’s design advantages over its competitors, as well as the 30 years of experimental data that back it up. He also explains how nuclear energy complements the rise of renewables.
“With Canada taking a stand against climate change, the market is growing for our emission free technology. Nova Scotia, for example, has around 1400 MW of power from coal, but an SMR is an opportunity for them to get off coal entirely through purchase agreements with New Brunswick.” The company is in discussions with export markets such as the UK, South Korea, and Japan.
About ARC Canada
ARC Canada is a clean energy technology company developing the ARC-100, an advanced small modular reactor (SMR) that provides inherently safe, reliable, economically competitive, and carbon-free energy with fueling versatility and significant waste reduction. ARC Canada has established its Head Office in Saint John, New Brunswick with a goal of promoting business and economic development within Canada. New Brunswick provides the key success elements for the development of the ARC-100 technology in Canada; a strong energy background, an experienced and effective electric utility, a flexible and highly competent work force and academia that can support development and innovation. ARC Canada envisions the creation of a sustainable supply chain delivering economic growth, well-paying supply chain jobs and the opportunity for New Brunswick and Canada to take the lead in the advanced small modular reactor technology field.
More Information on ARC is available online at www.arcenergy.co
ARC MEDIA CONTACT:
Carol Lynn Landry