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NEXT OF a KIND TECHNOLOGY

AP1000 Gen III+ Technology

The only proven large-scale nuclear reactor ready to build in Canada today.

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"The AP1000 is ready"
Tim Gitzel, Cameco CEO
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Growing Canada’s Nuclear Supply Chain
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"Six operating right now"
Grant Isaac, Cameco President & COO
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Securing Canada’s Energy Future

Why Canada Needs the AP1000

Canadian-owned. Deployment ready. World-leading technology. Backed from ground-to-grid.

Canada’s Electricity Demand

Canadians rely on electricity every day and every night to power their homes, hospitals, communications, transportation and vital infrastructure. At the same time, we seek to minimize our impacts on the environment, combat climate change and reduce reliance on emission-producing sources of energy. And that means, more electricity.

Canada’s Energy Regulator recently modelled four scenarios on Canada’s energy demands from 2023 to 2050. In 2023, Canada produced about 622 TWh of electricity (Energy Fact Book, 2025-2026). Here’s the math.

To meet increased demand by 2050, electricity generation in Canada would need to rise from 622 TWh annually to:

The message is clear:

Now is the time for Canada to invest in new electricity generating infrastructure to meet future demand.

Sources

Canada’s Energy Future 2026 – Energy Supply and Demand Projections to 2050 Canadian Centre for Energy Information - Energy Fact Book, 2025-2026

How Nuclear Power Contributes

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Safety First

Safety is not only built into reactor designs, it is core to the nuclear industry's culture. From ground-to-grid, protecting people and the environment is the top priority for industry and regulators.

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Clean Energy
Produces nearly zero greenhouse gas emissions. In Canada, nuclear is the second largest clean electricity generation source (13.5%) behind only hydroelectric generation (57.4%).
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Baseload Power
Runs 24/7 with capacity factors of 85–95%, compared to renewables like wind (30–40%) or solar (20–27%).
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Energy Density
Uranium is the world's most concentrated energy source. A seven‑gram uranium pellet produces as much energy as 3.5 barrels of oil, 17,000 cubic feet of natural gas, or 1,780 pounds of coal.
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Stable Economics
Helps stabilize electricity prices by providing a reliable, long-term, and low-cost source of energy that remains unaffected by fuel price swings.
Canada's Nuclear
Powers about 1 in 10 Canadians with safe, clean, affordable, baseload electricity to drive the economy and improve lives.

Canada's Nuclear Energy Solutions

Canada is fortunate to have a mature nuclear industry with abundant uranium resources, nuclear fuel cycle processing facilities, modern Gen III+ technology and a workforce of about 90,000 people to support new reactor builds domestically and internationally. Today's ground-to-grid advantage is anchored by the modern AP1000 technology, which is 100% Canadian-owned by Cameco and Brookfield.

Heavy water reactors have powered Canada since 1971, with today's fleet delivering reliable electricity for decades. But existing 1960s-era designs cannot meet surging demand. We believe that fulfilling future demand by advancing this niche technology, which will face first-of-a-kind costs and delays, will not be ready in time.

The AP1000 is the only modern reactor that has been proven, is safely in operation globally and is construction-ready today. It is a next-of-a-kind technology that can be deployed now, while advancement continues on heavy water technology.

Given the electricity demand forecast, Canada needs both.

Learn more about the modern AP1000