Nuclear energy company Westinghouse Electric and Seaspan ULC announced Thursday the signing of a memorandum of understanding aimed at fostering the expansion of nuclear projects in Canada and around the world.
With nuclear power attracting renewed interest as a cleaner energy source, countries including Italy, the United Kingdom, China and the United States are turning to nuclear technology companies such as Westinghouse to meet their carbon emissions targets.
Westinghouse said Seaspan, which provides services such as ship construction and maintenance, could make key components, including pipe spools and steel structures, used in its nuclear reactors.
Seaspan’s experience delivering complex manufacturing projects matches well with the requirements of large-scale capital projects such as nuclear reactors, Westinghouse said in a statement.
Westinghouse, which is backed by Cameco and Brookfield Renewable Partners, said the deal reinforces its commitment to further developing Canada’s nuclear supply chain to support its global fleet of advanced reactors.
The company develops AP1000 reactor technology and AP300 small modular reactors, which are smaller nuclear reactors touted as being more cost-effective and quicker to deploy than full-size models.
