Canada Minister of Innovation, Science and Industry François-Philippe Champagne visited Westinghouse January 15 to receive an update on the progress our Canada eVinci™ microreactor team has made since receiving federal funding in March 2022.
Company's Micro Reactor Receives Government of Canada Funding, Supports Country's Aggressive Climate Goals
Burlington, Ontario, Canada, March 17, 2022 – Westinghouse Electric Canada announced today, along with the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, an investment of C$27.2 million from the Government of Canada’s Strategic Innovation Fund (SIF). This investment will support funding for the eVinci™ micro reactor which will bring carbon-free, transportable, safe, and scalable energy anywhere Canada requires reliable, clean energy.
In partnership with Bruce Power, Westinghouse recently completed a feasibility study with conclusive results that the eVinciTM micro reactor can provide necessary, clean and cost-competitive energy to decentralized, off-grid markets in Canada. The report focuses on key market opportunities, including remote communities and industrial mines. It also emphasizes the benefits the technology can provide in support of the government policy to meet decarbonization goals in Canada.
