Canadian-owned. Deployment Ready. World-leading technology.
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.
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.
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 today 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.
Only the modern AP1000 Gen III+ technology has been proven, is 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 demand forecast, Canada will need both.