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Globe and Mail
2 days ago
- Business
- Globe and Mail
Is GE Vernova Thriving on Growing Nuclear SMR Opportunities?
With increasing global demand for low-carbon energy sources, nuclear small modular reactors ("SMRs") are seeing increased adoption lately, thanks to their lower siting costs, shorter production times and easier scalability that enable operations in remote locations. As a prominent clean energy stock, GE Vernova Inc. GEV has been making significant progress by capitalizing on this trend. Notably, through its GE Vernova Hitachi Nuclear Energy ('GVH') joint venture, the company is currently engaged in the development and deployment of its flagship BWRX-300 SMR, a compact nuclear reactor capable of generating 300 megawatt ('MW') power. This reactor features significantly lower capital cost per MW compared to a typical water-cooled SMR. The first BWRX-300 SMR is currently scheduled to be commissioned in Canada in 2029, at Ontario Power Generation's Darlington New Nuclear Project site. Looking ahead, with the need to triple global nuclear capacity by 2050 to meet net-zero targets (according to the World Nuclear Association), GE Vernova is actively working to capture a larger market share through strategic agreements aimed at expanding deployment of its BWRX-300 SMRs. Evidently, in July 2025, GVH and Fortum entered into an early work agreement to advance potential deployment of the BWRX-300 SMR in Finland and Sweden. In May, Emirates Nuclear Energy Company and GVH signed an MoU to jointly evaluate the deployment of the BWRX-300 SMR technology internationally. GVH has also signed a series of MOUs with UK firms to enhance the deployment of BWRX-300 SMR in Great Britain. With these strategic partnerships, GE Vernova remains well-positioned to thrive as nuclear SMR demand gains global momentum. Other Stocks Warranting a Look GEV apart, other companies like NuScale Power SMR and BWX Technologies BWXT also stand to benefit from the expanding integration of nuclear energy in the global clean energy mix. Notably, NuScale Power is actively developing and pursuing the deployment of small modular reactors, specifically its NuScale Power Module ('NPM') design. In May 2025, the company received design approval from the U.S. Nuclear Regulatory Commission for its uprated 250 MWt (77 MWe) NPM. On the other hand, BWX Technologies plays a critical role in the development and deployment of small module reactors and microreactors. In January 2025, the company secured a contract to manufacture the reactor pressure vessel for GE Hitachi's BWRX-300 SMR. The Zacks Rundown for GEV Shares of GE Vernova have surged a solid 238.4% in the past year, outperforming the industry' s 53.3% gain. From a valuation standpoint, GEV is currently trading at a forward 12-month price-to-earnings (P/E) of 57.52X, representing a roughly 175.3% premium compared to the industry average of 20.89X. The Zacks Consensus Estimate for GEV's 2025 and 2026 sales suggests a year-over-year improvement of 6.4% and 10%, respectively. The near-term bottom-line estimate for the company has moved north over the past 60 days. GEV currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks' Research Chief Picks Stock Most Likely to "At Least Double" Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren't winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%. See Our Top Stock to Double (Plus 4 Runners Up) >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BWX Technologies, Inc. (BWXT): Free Stock Analysis Report NuScale Power Corporation (SMR): Free Stock Analysis Report GE Vernova Inc. (GEV): Free Stock Analysis Report This article originally published on Zacks Investment Research (
Toronto Star
10-07-2025
- General
- Toronto Star
First Nations say ancestral remains found during excavation near Ontario Power Generation's new Oshawa headquarters
Four First Nations say their communities are grieving following the discovery of ancestral remains during the excavation for proposed parking lot near the new Ontario Power Generation (OPG) headquarters in Oshawa. The remains were found at Scugog Carrying Place at 1910 Colonel Sam Dr., a well-known historic site that has 'long been used by our ancestors and community,' said the release, which was published on behalf of Alderville First Nations, the Mississaugas of Scugog Island First Nations, Hiawatha First Nations and Curve Lake First Nations. Public access to the site has been restricted.
Vancouver Sun
08-07-2025
- Business
- Vancouver Sun
Alberta looks to develop nuclear power, will hold public consultations this fall
CALGARY — Alberta plans to hold public consultations this fall on adding nuclear power to the province's energy mix, Premier Danielle Smith said Monday. There have long been discussions about building reactors in Alberta — including ones that could power oilsands operations — but the province is currently reliant on greenhouse-gas emitting natural gas for electricity. Those conversations are to begin anew around September or October, when Chantelle de Jonge, parliamentary secretary for affordability and utilities, plans to hold nuclear consultation sessions. Start your day with a roundup of B.C.-focused news and opinion. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Sunrise will soon be in your inbox. Please try again Interested in more newsletters? Browse here. 'We want to talk to Albertans, because it's new for us,' Smith told reporters alongside Ontario Premier Doug Ford after the two flipped pancakes at the Alberta premier's annual Stampede breakfast. 'It's not new for Ontario. Ontario gets 60 per cent of their power, I understand, on their grid from nuclear energy.' Small modular reactors probably make the most sense at remote rural sites that are heavy energy users, the premier added. 'Our oilsands projects are perfect for it, if you can get both the power and steam, power and heat.' Small modular reactors, or SMRs, generate about one-third of the power of traditional nuclear plants and can be prefabricated elsewhere before being shipped to site. Ontario Power Generation is building an SMR at its Darlington site east of Toronto, which would make it the first power company in North America to connect such a plant to the grid. There are plans to build three more SMR units there. Ford said SMRs don't themselves employ a lot of people when they're up and running, but they could enable tech giants like Amazon or Google to set up shop with electricity-hungry artificial intelligence data centres. 'And that's where the jobs are created because they just suck an endless amount of energy, these data centres,' Ford told reporters. 'So that's the way of the future. We're leading the world and we're gonna make sure we share that technology right across the country.' At least one U.S. developer of SMRs has a keen eye on Alberta as a growth market. 'We have designed a small modular reactor that is perfectly suited for Alberta,' Clay Sell, CEO of X-Energy Reactor Co., said in an interview last month. The problem with conventional reactors has been their complexity, he said on the sidelines of the Global Energy Show in Calgary. 'If you ever get one built, you'll run it for the next 80 years, but they're hard to build and they're capital intensive to build,' Sell said. 'So our whole approach has been from the beginning: 'How do we make it simpler? How do we make it smaller? How do we have fewer components?'' X-Energy is pursuing opportunities to add power to Alberta's grid in general, as well as to link to steam-assisted gravity drainage oilsands projects that pull bitumen from deep underground through wells rather than mine it. 'Our plant is perfectly suited to perform that same mission on a small footprint,' Sell said. OPG is looking at using X-Energy plants at industrial sites in Ontario. A much larger conventional plant is also in the works in northwestern Alberta. Energy Alberta is working on a power station in the Peace River area that would have two to four Candu reactors and a capacity of up to 4,800 megawatts. That would represent up to a quarter of the province's existing electricity generation. 'We initially thought, 'Wow, that would swamp our power grid,'' Smith said. 'And now with all the demands for AI data centres, we're thinking, 'Hmm, that's maybe exactly what we need.'' An initial project description was filed in April for the Peace River Nuclear Power Project, kicking off the federal review process. In a speech to the Global Energy Show in June, Candu Energy senior vice-president Carl Marcotte said Alberta would benefit from adding nuclear to the mix. 'Whatever Albertans decide to build, you will. But you need a lot more power to do it — reliable power that runs 24/7, power that works in great weather and when it's -45 C … and it must be affordable — it really must,' he said. 'So yes, of course Alberta's abundant natural gas resources can and should do all that … But wouldn't it benefit from having a powerful, cleaner, reliable ally in that growth, providing important baseload electricity with low emissions?' Scott MacDougall, program director of electricity for the green think-tank Pembina Institute, said nuclear could have a role to play as a clean power source, both to feed the grid and to reduce the carbon footprint of the oilsands. But there is lower hanging fruit. 'If the problem that they're trying to solve is delivering that reliable, affordable, non-emitting power right away, there should be a much more all-of-the-above approach taken in Alberta, where we think renewable energy ought to be a more central pillar in that system,' said MacDougall. 'That's partly because renewables are much quicker to deploy and lower cost as well, and their costs are coming down every year as are the costs of battery and energy storage.' Our website is the place for the latest breaking news, exclusive scoops, longreads and provocative commentary. Please bookmark and sign up for our daily newsletter, Posted, here .
National Post
08-07-2025
- Business
- National Post
Alberta looks to develop nuclear power, will hold public consultations this fall
CALGARY — Alberta plans to hold public consultations this fall on adding nuclear power to the province's energy mix, Premier Danielle Smith said Monday. Article content There have long been discussions about building reactors in Alberta — including ones that could power oilsands operations — but the province is currently reliant on greenhouse-gas emitting natural gas for electricity. Article content Article content Article content Those conversations are to begin anew around September or October, when Chantelle de Jonge, parliamentary secretary for affordability and utilities, plans to hold nuclear consultation sessions. Article content Article content 'We want to talk to Albertans, because it's new for us,' Smith told reporters alongside Ontario Premier Doug Ford after the two flipped pancakes at the Alberta premier's annual Stampede breakfast. Article content 'It's not new for Ontario. Ontario gets 60 per cent of their power, I understand, on their grid from nuclear energy.' Article content Small modular reactors probably make the most sense at remote rural sites that are heavy energy users, the premier added. Article content 'Our oilsands projects are perfect for it, if you can get both the power and steam, power and heat.' Article content Small modular reactors, or SMRs, generate about one-third of the power of traditional nuclear plants and can be prefabricated elsewhere before being shipped to site. Article content Ontario Power Generation is building an SMR at its Darlington site east of Toronto, which would make it the first power company in North America to connect such a plant to the grid. There are plans to build three more SMR units there. Article content Article content Ford said SMRs don't themselves employ a lot of people when they're up and running, but they could enable tech giants like Amazon or Google to set up shop with electricity-hungry artificial intelligence data centres. Article content 'And that's where the jobs are created because they just suck an endless amount of energy, these data centres,' Ford told reporters. Article content 'So that's the way of the future. We're leading the world and we're gonna make sure we share that technology right across the country.' Article content At least one U.S. developer of SMRs has a keen eye on Alberta as a growth market. Article content 'We have designed a small modular reactor that is perfectly suited for Alberta,' Clay Sell, CEO of X-Energy Reactor Co., said in an interview last month. The problem with conventional reactors has been their complexity, he said on the sidelines of the Global Energy Show in Calgary. Article content 'If you ever get one built, you'll run it for the next 80 years, but they're hard to build and they're capital intensive to build,' Sell said.
National Observer
07-07-2025
- Business
- National Observer
Alberta to hold consultations on adding nuclear power
Alberta plans to hold public consultations this fall on adding nuclear power to the province's energy mix, Premier Danielle Smith said Monday. There have long been discussions about building reactors in Alberta — including ones that could power oilsands operations — but the province is currently reliant on greenhouse-gas emitting natural gas for electricity. Those conversations are to begin anew around September or October, when Chantelle de Jonge, parliamentary secretary for affordability and utilities, plans to hold nuclear consultation sessions. "We want to talk to Albertans, because it's new for us," Smith told reporters alongside Ontario Premier Doug Ford after the two flipped pancakes at the Alberta premier's annual Stampede breakfast. "It's not new for Ontario. Ontario gets 60 per cent of their power, I understand, on their grid from nuclear energy." Small modular reactors probably make the most sense at remote rural sites that are heavy energy users, the premier added. "Our oilsands projects are perfect for it, if you can get both the power and steam, power and heat." Small modular reactors, or SMRs, generate about one-third of the power of traditional nuclear plants and can be prefabricated elsewhere before being shipped to site. Ontario Power Generation is building an SMR at its Darlington site east of Toronto, which would make it the first power company in North America to connect such a plant to the grid. There are plans to build three more SMR units there. Ford said SMRs don't themselves employ a lot of people when they're up and running, but they could enable tech giants like Amazon or Google to set up shop with electricity-hungry artificial intelligence data centres. "And that's where the jobs are created because they just suck an endless amount of energy, these data centres," Ford told reporters. "So that's the way of the future. We're leading the world and we're gonna make sure we share that technology right across the country." At least one U.S. developer of SMRs has a keen eye on Alberta as a growth market. "We have designed a small modular reactor that is perfectly suited for Alberta," Clay Sell, CEO of X-Energy Reactor Co., said in an interview last month. The problem with conventional reactors has been their complexity, he said on the sidelines of the Global Energy Show in Calgary. "If you ever get one built, you'll run it for the next 80 years, but they're hard to build and they're capital intensive to build," Sell said. "So our whole approach has been from the beginning: 'How do we make it simpler? How do we make it smaller? How do we have fewer components?'" X-Energy is pursuing opportunities to add power to Alberta's grid in general, as well as to link to steam-assisted gravity drainage oilsands projects that pull bitumen from deep underground through wells rather than mine it. "Our plant is perfectly suited to perform that same mission on a small footprint," Sell said. OPG is looking at using X-Energy plants at industrial sites in Ontario. A much larger conventional plant is also in the works in northwestern Alberta. Energy Alberta is working on a power station in the Peace River area that would have two to four Candu reactors and a capacity of up to 4,800 megawatts. That would represent up to a quarter of the province's existing electricity generation. "We initially thought, 'Wow, that would swamp our power grid,'" Smith said. "And now with all the demands for AI data centres, we're thinking, 'Hmm, that's maybe exactly what we need.'" An initial project description was filed in April for the Peace River Nuclear Power Project, kicking off the federal review process. In a speech to the Global Energy Show in June, Candu Energy senior vice-president Carl Marcotte said Alberta would benefit from adding nuclear to the mix. "Whatever Albertans decide to build, you will. But you need a lot more power to do it — reliable power that runs 24/7, power that works in great weather and when it's -45 C ... and it must be affordable — it really must," he said. "So yes, of course Alberta's abundant natural gas resources can and should do all that ... But wouldn't it benefit from having a powerful, cleaner, reliable ally in that growth, providing important baseload electricity with low emissions?" Scott MacDougall, program director of electricity for the green think-tank Pembina Institute, said nuclear could have a role to play as a clean power source, both to feed the grid and to reduce the carbon footprint of the oilsands. But there is lower hanging fruit. "If the problem that they're trying to solve is delivering that reliable, affordable, non-emitting power right away, there should be a much more all-of-the-above approach taken in Alberta, where we think renewable energy ought to be a more central pillar in that system," said MacDougall. "That's partly because renewables are much quicker to deploy and lower cost as well, and their costs are coming down every year as are the costs of battery and energy storage."
