The Empowering Canada’s Clean Energy Future brochure also outlines the environmental and social benefits generated by X-energy’s advanced reactor technology
X-energy Canada Highlights the Economic Impact of Xe-100 Small Modular Reactors and TRISO-X Fuel Fabrication in Canada
X-energy Canada has released Empowering Canada’s Clean Energy Future, a brochure highlighting the potential economic impact from the deployment of Xe-100 Small Modular Reactors (SMR) and the establishment of a TRISO-X Fuel Fabrication Facility, in Canada.
“Our advanced reactor technology is ideally positioned to create a globally competitive SMR industry in Canada,” said Katherine Moshonas Cole, President of X-energy Canada. “Our efforts are laser-focused on adding value to the country’s nuclear supply chain, infrastructure and industry. By partnering with customers and suppliers, and building relationships with communities, we’re aiming to generate the greatest opportunities for Canadians for years to come.”
In the brochure, X-energy outlines the significant economic benefits that could be generated by the construction, operation and decommissioning of at least one Xe-100 four-unit power plant in Ontario, and subsequently in other provinces within Canada.
Based on an economic benefits analysis conducted by Hatch, the first Xe-100 power plant in Ontario could generate $2.6 billion in Gross Domestic Product (GDP) and 3,300 total full-time equivalent jobs over its lifetime, in the province. On a national scale, X-energy’s technology could generate $3 billion in GDP and 4,500 total full-time equivalent jobs for Canadians. The Xe-100 power plant could also generate $340 million in tax revenue
For each subsequent Xe-100 power plant built in Canada, Hatch estimates $2.8 billion in GDP and the creation of 3,800 total full-time equivalent jobs.
Empowering Canada’s Clean Energy Future goes further to outline the economic benefits that could be created by the establishment of a TRISO-X Fuel Fabrication Facility in Canada to serve the emerging fleet of Xe-100 SMRs (and other compatible advanced reactor designs), in North America.
Out of the total GDP and jobs in Canada, Hatch attributes $310 million and 1,100 total full-time equivalent jobs to the establishment of the fuel facility.
“Hatch is pleased to support Canada’s commitment to net-zero emissions by 2050. Nuclear will have an important and growing role as a pathway to this ambition and we are proud to support X-energy Canada as they leverage the Canadian Nuclear Supply chain to bring growth and economic prosperity to Canada,” said Robert Francki, Global Managing Director for Energy at Hatch.
The brochure rounds out the impact of X-energy’s advanced reactor technology in Canada by describing the environmental and social benefits that will be generated. Through a collaborative approach with businesses, governments, communities and Indigenous groups, X-energy aims to help the country meet our net-zero goals while creating greater opportunities in skills training, employment, business development and procurement for Canadians.
The Xe-100 is the catalyst to the world’s net-zero future. The Generation IV advanced reactor design builds on decades of High-Temperature Gas-cooled Reactor operation, research, and development. It is designed to operate as a standard 320 MWe four-pack power plant or be scaled in units of 80 MWe, as needed. The SMR is engineered to deliver reliable and load-following grid-scale power to electricity systems, pairing seamlessly with renewables. At 200 MWt of 565°C steam, the Xe-100 is also ideal for heavy industry, mining, petrochemical and other power applications.
Considered the most robust nuclear fuel on Earth by the U.S. Department of Energy, Tri-Structural Isotropic particle fuel (commonly referred to as TRISO) is fast becoming the dominant nuclear fuel technology. X-energy’s proprietary fuel, TRISO-X, leverages more than 60 years of innovation that allows it to reach high temperatures without breakdown or melting, making the technology inherently walk-away safe.
All dollar ($) amounts are in CAD.
Read Empowering Canada’s Clean Energy Future.
About X-energy
X-energy is redefining nuclear energy. We manufacture fuel that seals uranium particles in a protective coating, which makes meltdown impossible and retains the uranium fuel inside. X-energy also designs plants that unlock the fuel's energy potential in a process that's as clean as wind or solar. When combined, the result is reliable carbon-free baseload power; produced safely, more affordable than ever before and available anywhere, at any time.
Based in Ontario, Canada, X-energy Canada supports the development and deployment of our Generation IV advanced Small Modular Reactor designs across the country through partnerships with Canadian communities, including industry, academia, and society.
For more information contact:
canada@x-energy.com
x-energy.com, Twitter, LinkedIn or Instagram.