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Nuclear and Small Modular Reactors (SMRs)

Unlocking the potential of small modular reactor (SMR) technology requires the support of specialized legal expertise. Leveraging our deep knowledge of Canada’s nuclear regulatory framework and SMR experience, we help leading developers and sector participants address opportunities and risks as the SMR market evolves.

Small modular reactor (SMR) technology is an emerging and rapidly evolving area, seen as critical to the energy transition. We have worked extensively for decades in the conventional nuclear space with various participants, and we have advised some of the world’s leading SMR developers. Our expertise spans the entire SMR value chain and includes experience with permitting, implementing strategic and Indigenous partnerships, navigating environmental and end-of-life obligations, and assisting with all types of capital raising. We have represented project proponents, developers and investors in the financing, acquisition, development and refurbishment of nuclear energy projects. 

McCarthy Tétrault has developed unique and well-established relationships with industry participants and stakeholders, including Indigenous groups, private equity firms, lenders and potential SMR players, allowing our team to bring such participants together and facilitate developments in the SMR space .

Our team also has deep knowledge of and expertise in Canada’s nuclear regulatory framework and our Strategic Advisors have unique relationships with key stakeholders that allow us to be among the first to learn of the evolving policy landscape for SMRs, helping ou successfully navigate the road ahead.

Select experience

  • Confidential Client acting for an SMR developer in its negotiations with a Canadian utility for the commercialization of SMR technology.
  • Bruce Power (CAD $13 billion) in its Amended and Restated Bruce Power Refurbishment Implementation Agreement with the Province of Ontario to provide power until at least 2065.
  • Confidential Client acting for a public utility with respect to its small modular reactor nuclear strategy and development program.
  • Cameco Corporation (USD $7.85 billion) in its partnership with Brookfield to acquire Westinghouse Electric Company.
  • Confidential Client acting on a confidential matter for an SMR developer with respect to capital raising activities.
  • Confidential Clients advising several industrial and utility clients on matters relating to hosting and developing SMRs in different Canadian provinces.