Nucleon Energy Inc. and ARC Clean Technology Canada Inc. announced the formation of NuARC, a partnership entity focused on developing and deploying affordable, reliable, and non-emitting electrical generation facilities using advanced small modular reactor technology. The initiative will begin in Alberta, Canada, leveraging Canada's skilled workforce to accelerate the delivery of advanced nuclear technology.
The partnership combines Nucleon's development and operational expertise with ARC's proven Generation IV advanced reactor technology, positioning NuARC as a leader in cost-effective advanced nuclear facilities. This collaboration is expected to create new jobs, diversify Canada's economy, and attract significant foreign investment, strengthening the country's position as a global leader in clean energy. The timing is particularly significant amid unprecedented global trade tensions, highlighting Canada's nuclear technology capabilities.
NuARC will utilize Nucleon's site locations in key areas, including Alberta, where ARC's advanced reactors can support electricity demand growth, industrial heat requirements, and the production of life-saving medical isotopes. ARC's Generation IV reactor technology, the ARC-100, is a 100 MWe sodium-cooled fast reactor with a modular design enabling rapid, cost-effective deployment. Earlier this year, the Canadian Nuclear Safety Commission completed a Phase 2 Vendor Design Review of the ARC-100 reactor, finding no fundamental barriers to licensing. More details on the technology can be found at https://www.arc-cleantech.com.
Dustin Wilkes, CEO of Nucleon Energy Inc., stated that the partnership marks a major step forward for private-sector nuclear development, accelerating the deployment of clean, reliable power while driving economic growth and energy security. Lance Clarke, Vice President of Commercialization and Strategy at ARC Clean Technology, emphasized that the modular design of the ARC-100 allows for streamlined construction and unlocks value for communities and industries through industrial heat and medical isotope production. Nathan Neudorf, Alberta's Minister of Affordability and Utilities, noted the potential for private sector investment in nuclear energy to meet growing energy needs and provide medical isotopes, with the province recently launching a consultation process on nuclear energy. Information on Nucleon Energy's projects is available at https://www.nucleon-energy.com.
