Feb 13, 2019

UNB receives $500,000 funding from ARC Canada

Saint John, New Brunswick – The University of New Brunswick (UNB) has received a $500,000 contribution from ARC Canada for the advancement of its ARC-100 technology development and engineering studies.

The contribution forms part of the collaborations initiated through the Small Modular Reactor Research and Development Cluster that was announced by the Government of New Brunswick (GNB) in the summer of 2018 and is matched by an additional $500,000 from GNB. ARC Canada, GNB and UNB are all excited by the opportunity that this $1,000,000 funding and research partnership represents.

“We are very pleased to be in New Brunswick to develop our proven technology, while building a good base for the supply chain with its added benefit of significant economic growth for the province New Brunswick,” said Norman Sawyer, president of ARC Canada.

“We are very pleased to be in New Brunswick to develop our proven technology, while building a good base for the supply chain with its added benefit of significant economic growth for the province New Brunswick,” said Norman Sawyer, president of ARC Canada.

The funding will be used by UNB and UNB’s Centre for Nuclear Energy Research (CNER) to conduct targeted research and development activities to assist ARC Canada, while participating in the Canadian Regulatory vendor design review process for the inherently safe ARC-100 technology. The funding is also targeted to re-establish nuclear engineering curriculum within UNB’s faculty of engineering.

“The opportunity for UNB, CNER and UNB Engineering to participate in the development of advanced nuclear technology is extremely exciting,” said Dr. William Cook, director of CNER and a professor in UNB’s chemical engineering department. “Nuclear power generation has a large role to play in the future energy mix due to its non-greenhouse gas-emitting nature and ability to support base-load power requirements.”

Such collaborations will allow ARC Canada to establish New Brunswick as a centre of excellence and a manufacturing hub for advanced SMR products providing well-paying jobs.

About ARC Canada

ARC Canada is a clean energy technology company developing the ARC-100, an advanced small modular reactor (SMR) that provides inherently safe, reliable, economically competitive, and carbon-free energy with fueling versatility and significant waste reduction. ARC Canada has established its Head Office in Saint John, New Brunswick with a goal of promoting business and economic development within Canada. New Brunswick provides the key success elements for the development of the ARC-100 technology in Canada; a strong energy background, an experienced and effective electric utility, a flexible and highly competent work force and academia that can support development and innovation. ARC Canada envisions the creation of a sustainable supply chain delivering economic growth, well-paying supply chain jobs and the opportunity for New Brunswick and Canada to take the lead in the advanced small modular reactor technology field.

More Information on ARC is available online at www.arcenergy.co

ARC MEDIA CONTACT:
Carol Lynn Landry
clandry@arcenergy.co