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Canada Building West’s First Grid-Scale SMR

Canada Building West’s First Grid-Scale SMR | EN590 Commodities Group
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Canada Building West’s First Grid-Scale SMR

June 24, 2026
Source: oilprice.com
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Rosneft Proposes Oil Firms to Refine 30% of Crude in Russia to Ease Fuel Crunch With over two decades of journalistic experience working in newspapers, trade publications and as a mining reporter, Andrew Topf is a seasoned writer specializing in… Construction has begun on the Western world’s first grid-scale Small Modular Reactor (SMR), though small is not what comes to mind, considering that the machine will fit on two soccer fields.

According to AutoNotion, a 953-tonne slab of steel and concrete was lowered into a 35-meter shaft at Ontario’s Darlington New Nuclear Project site, “ending a decade of talk” about the new nuclear technology and ushering in a period of action.

The slab is the base mat of the first BWRX-300 modular plant designed by GE Vernova — formerly GE Hitachi Nuclear Energy.

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Four units are planned for the site, each with a capacity of 300 megawatts of electricity, enough to power 300,000 homes.

By comparison, Darlington’s four conventional nuclear reactors each provide 935 MW.

Ontario government supportfor the CAD$20.9 billion project came after Ontario Power Generation received a Licence to Construct in April 2025 from the Canadian Nuclear Safety Commission. The first reactor is budgeted for CAD$7.7 billion, which includes $6.1B for the unit and another $1.6B for roads tunnels, cooling-water lines and other infrastructure shared across all four units.

When completed, it will be the first commercial grid-scale SMR in the West, with anin-service target date of 2030.

Russia and China already operate Small Modular Reactors, and Argentina has a pilot under construction.

According to AutoNotion, the Darlington New Nuclear Project is the first one a G7 country has built and wired to a major grid.

In Canada, SMRs are also considered ideal for deployment to off-grid, remote locations such as mine sites or the oil sands, as well as communities in northern Canada reliant on diesel-fueled generators for electricity.

In addition to OPG, Saskatchewan’s SaskPower has expressed interest in building BWRX-300s.

Some of the most advanced research on SMR technology is being conducted inNew Brunswick.

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Indicative Market Prices June 24, 2026 22:12 UTC
ProductPriceChange
Brent Crude$102.14/bbl +0.34%
WTI Crude$96.90/bbl +0.21%
EN590 Diesel$846/MT +0.18%
Jet Fuel A-1$1090/MT +0.55%
Mazut M100$450/MT -0.15%
Bitumen 60/70$470/MT +0.08%
Sulphur Gran 99.5%$470/MT -0.44%
Urea 46% Gran$650/MT +1.12%
NPK 16-16-16$460/MT -0.28%
Nat Gas TTF$15.42/MMBtu +0.92%
* Indicative prices for reference only. Contact us for firm offers.
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