Media Advisory: AtkinsRéalis to Introduce Developments in CANDU Nuclear Technology Design at World Nuclear Exhibition
MONTREAL, Nov. 24, 2023 /CNW/ - AtkinsRéalis [SNC-Lavalin Group Inc.] (TSX: ATRL), a fully integrated professional services and project management company with offices around the world will introduce the next-generation of CANDU® nuclear technology design and the most advanced nuclear reactor in the CANDU portfolio at the World Nuclear Exhibition 2023 in Paris next week. The updated CANDU design combines the most modern and advanced engineering solutions for utilities faced with meeting the dual demands of Net Zero and energy security.
AtkinsRéalis is the original equipment manufacturer (OEM) of Canadian-owned CANDU nuclear technology deployed around the world and will offer the updated CANDU model to customers across Canada and in key international markets, with an initial deployment target of the province of Ontario, which has a forecasted 2050 demand of an additional 18,000 MW of new nuclear power.
Event Details:
Date: Tuesday, November 28, 2023
Time: 12:45 PM (Paris Time)
Location: World Nuclear Exhibition 2023, Canadian Pavilion.
Background on CANDU Technology
AtkinsRéalis is the original equipment manufacturer of 31 CANDU nuclear power units around the world.
The company's global nuclear business performs work across the full nuclear full lifecycle, including design and new build, asset management, life extension, late life management, as well as decommissioning and legacy materials management.
Since the early 1970s, about 600 commercial nuclear power reactors have been built around the world, with about 440 still in operation. Many of these reactors are near the end of their service.
The world needs to double its amount of base-load electricity, roughly equating to a market for 1,200 reactors. Highly advanced, Canadian CANDU technology is well positioned to capture its share of that market and maintain Canada's vital status as a Tier-1 nuclear nation.
CANDU reactors are one of only a handful of large reactor technologies available in the Western world to build.
It is a special technology with unique advantages that has operators in Asia (Wolsong, South Korea, and Qinshan, China) Europe (Cernavoda, Romania), and South America (Embalse, Argentina).
It uses natural uranium as fuel, co-produces cancer-fighting medical isotopes, can be refueled online, and boasts the highest safety and operating efficiency standards in the world.
CANDU technology is one of Canada's most successful commercial products; a homegrown solution to solving its growing domestic energy needs, while competing on the global stage through export opportunities.
CANDU reactor technology has been constantly modernized and improved over the years, operating at an advanced, Gen III+ standard.
About AtkinsRéalis
Created by the integration of long-standing organizations dating back to 1911, AtkinsRéalis is a world-leading professional services and project management company dedicated to engineering a better future for our planet and its people. We create sustainable solutions that connect people, data and technology to transform the world's infrastructure and energy systems. We deploy global capabilities locally to our clients and deliver unique end-to-end services across the whole life cycle of an asset including consulting, advisory & environmental services, intelligent networks & cybersecurity, design & engineering, procurement, project & construction management, operations & maintenance, decommissioning and capital. The breadth and depth of our capabilities are delivered to clients in key strategic sectors such as Engineering Services, Nuclear, Operations & Maintenance and Capital. News and information are available at www.atkinsrealis.com or follow us on LinkedIn.
About AtkinsRéalis' Nuclear Business
AtkinsRéalis has over 70 years' of global nuclear expertise, delivering nuclear technology products and full-service solutions to nuclear utilities around the world. AtkinsRéalis is the steward of CANDU® nuclear technology, operating on four continents, and provides advisory and engineering services to other nuclear developers. With an innovative technology portfolio, including access to over 500 patented solutions, AtkinsRéalis solves technically complex challenges across the whole nuclear lifecycle from design and new build through asset management and from life extension and late life management through decommissioning and waste management. AtkinsRéalis operates and manages government nuclear research sites, transforming ageing infrastructure and safely managing legacy nuclear waste. AtkinsRéalis is also involved in developing medical radioisotopes for cancer research through its partnership with TerraPower. Learn more here on our website.
SOURCE AtkinsRéalis
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