Ontario Plans First Large-Scale Nuclear Plant in Over 30 Years

Ontario’s growing electricity demands have prompted the government to consider the construction of a new, large-scale nuclear plant, marking the province’s first such project in over three decades. 

Energy Minister Todd Smith announced the government’s intentions to build a plant capable of generating up to 4,800 megawatts on the site of Bruce Power’s existing station in Tiverton, which is currently the largest operating nuclear facility worldwide. 

“They have the world’s largest operating nuclear facility here right now, with about 6,550 megawatts, providing clean, reliable, emissions-free power to the grid, baseload power,” Smith said.

“On a daily basis about 30% of Ontario’s electricity comes from this site right now. There’s room alongside Bruce A and Bruce B, potentially, for a Bruce C and that’s what this pre-development work is intended to begin today.”

The move comes as part of Ontario’s efforts to meet the rising electricity needs, which are expected to surge further from 2035 due to the increased adoption of electric vehicles, new EV battery manufacturing plants, and electric arc furnaces for steelmaking.

The new plant is expected to be able to power 4.8 million homes. 

By initiating the planning process early, Ontario aims to have a reliable, low-cost, and clean energy option available at Bruce Power to support future international investments, new residential developments, and the electrification of industries across the province.

The Independent Electricity System Operator’s report from last year revealed that the province could eliminate natural gas from its electricity system by 2050, with an initial moratorium in 2027. However, achieving this goal would require significant capital spending of around $400 billion, including the addition of new, large-scale nuclear plants, increased conservation efforts, renewable energy sources, and energy storage.

While Ontario has pursued energy storage solutions such as grid-connected batteries, it has also increased its reliance on natural gas generation. This reliance has raised concerns among environmental advocates, who argue that new nuclear plants are an expensive approach to meeting future low-carbon energy needs. 

They suggest that wind and solar power, combined with storage technologies, offer more cost-effective alternatives with no radioactive waste or risk of catastrophic accidents.

The pre-development work for the new nuclear plant is estimated to cost around $80 million, depending on the duration of federal approvals. The Ministry of Energy is collaborating with the Independent Electricity System Operator and Bruce Power on a contract for the project. 

Smith said part of it could be funded in part by revenue from the voluntary clean energy “credit” registry, which allows companies to demonstrate their commitment to clean energy by paying a fee. 

The government is also exploring options to extend the operating life of the Pickering Nuclear Generating Station, potentially adding another 2,200 megawatts of clean power to support the Greater Toronto Area by the early 2030s.


Information for this story was found via The Canadian Press, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

The $30,000 Gold Case Just Got Stronger | Simon Marcotte

Why Silver’s Move Is ‘Scary’ to Some Miners | Frank Basa

Are Commodities Entering a Generational Cycle? | Terry Lynch

Recommended

CBS News Cuts Staff and Shuts Radio Network in Early Bari Weiss Era

Steadright Closes Out Financing, Raising $1.6 Million For Moroccan Strategy

Related News

Transportable Nuclear Power? Prodigy Clean Energy and Des Nëdhé Group Partner to Bring Plants to Remote Regions

Canada’s Prodigy Clean Energy and Des Nëdhé Group are partnering to bring portable nuclear power...

Saturday, April 20, 2024, 09:42:00 AM

Ontario Budget Invests $500M in Mineral Processing

Ontario Finance Minister Peter Bethlenfalvy released the province’s 2025 budget Thursday, featuring a $500 million...

Monday, May 19, 2025, 12:09:00 PM

E.ON Hikes Energy Prices 45% As Germany Winds Down Its Last Nuclear Plants

Germany began shutting down its three remaining nuclear power reactors on Saturday as part of...

Monday, April 17, 2023, 12:07:31 PM

Bill Gates To Invest Billions in Next-Gen Nuclear Power

Tech billionaire and philanthropist Bill Gates has announced his commitment to invest billions of dollars...

Tuesday, June 18, 2024, 12:57:00 PM

Ontario Premier Calls for Mexico’s Exit from North American Trade Pact

Ontario Premier Doug Ford on Tuesday called for Mexico’s potential exclusion from the North American...

Wednesday, November 13, 2024, 02:18:00 PM