Canada to Build $15 Billion Modular Nuclear Plant, First in G-7

Canada’s most populous province greenlit a C$20.9 billion ($15 billion) plan to build a new, smaller kind of nuclear plant, a step forward for a nascent technology that’s been touted as a way to meet surging power demand from artificial intelligence.

Ontario Power Generation Inc. won approval to build the first of four small modular reactors designed by GE Vernova Inc. at a site outside of Toronto, the provincial government said in a statement Thursday. The Darlington project, as it’s known, is expected to be the first to be deployed in a Group of Seven country.