Ontario Power Generation (OPG) and CEZ will collaborate to advance deployment of nuclear technology, including Small Modular Reactors (SMRs), to safely produce clean, reliable electricity in their jurisdictions, under a Memorandum of Understanding signed. Under the MOU, OPG and CEZ will share information related to the deployment of new nuclear projects. The aim is to reduce financial, technical and schedule risk to both parties on their respective future projects.

New nuclear generation, including SMRs, is an essential part of the electricity mix needed to decarbonize the energy sector and broader economy. Safe, carbon-free, reliable nuclear power is especially necessary as electricity demand increases due to electrification of higher-emitting sectors such as transportation.