ARC Clean Energy Canada (ARC Canada), a small modular reactor (aSMR) technology provider, has raised CAD30 million in a Series A funding round private sector investment and the Province of New Brunswick.
This financing will progress the deployment of Canada’s first commercial grid-scale aSMR at the Point Lepreau Nuclear Generating Station (PLNGS) site, owned by the provincial utility, New Brunswick Power (NB Power). It also sets the stage for further milestone achievements which will unlock additional funding from the province.
