In 2018, NB Power partnered with ARC Nuclear (now ARC Clean Technology) to develop small modular nuclear reactors (SMRs). That plan is unlikely to come to fruition since ARC has been unable to find a financial partner. Also, the ARC-100 reactor would require high-assay low-enriched uranium (HALEU), which is only produced in Russia.
On Earth Day, April 22, 2025, the Globe and Mail reported the following from the NB Minister for Energy and Finance, René Legacy.
“The original plan to have one or two of the reactors built for 2030, that time frame is probably not going to happen,” Mr. Legacy said, adding that first-of-a-kind reactors are expensive while acknowledging the province’s fiscal constraints. “So we’re looking at, probably, different options.”
See more details on ARC-100 nuclear here.