OARO Partner ARC Clean Energy Awarded $20M Funding For SMR Development
OARO congratulates our partner ARC Clean Energy Canada Inc. (ARC Canada) on the announcement by the Province of New Brunswick of its continued support with another round of funding totaling $20 million for continued development.
On Wednesday, February 10th, 2021, in the State of the Province Address, the Premier of New Brunswick, the Hon. Blaine Higgs announced that New Brunswick will continue its partnership with ARC Canada by supporting its next phase of technology development with the establishment of another round of funding totaling $20 million. This agreement demonstrates clear confidence by the government of New Brunswick in ARC Canada’s continued efforts to bring its proven advanced small modular reactor (SMR) technology to market from the Province of New Brunswick.
OARO is honored to have partnered with ARC Canada regarding its enterprise-grade software solutions. OARO has demonstrated the capability to provide technology that meets and exceeds ARC Canada’s very high standards in line with their commercial security and technology.
This funding milestone will play an integral role in the deployment of ARC Canada's proven, inherently safe clean energy technology, that deals with waste, as it continues its efforts for deployment in the late 2020’s. The President & CEO of ARC Canada, Norman JD Sawyer said “New Brunswick possesses all the key pillars for success, including an experienced operator, a flexible workforce, the foundations of a future supply chain and an ideal academia to support development and innovation. Working with companies like OARO provides further evidence that the Atlantic Provinces has significant capabilities and is a great place to do business”.
About ARC Clean Energy Canada Inc.
ARC Clean Energy Canada Inc. (ARC Canada) is a clean energy technology company developing the ARC-100, an advanced small modular reactor (SMR) offering inherently safe, reliable, and economical carbon free power that deals with waste.
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