Canada Unveils Plan for 10 New Nuclear Reactors

Canada has launched a new strategy to accelerate nuclear energy development, setting a target of building up to 10 new nuclear reactors and streamlining approvals for future projects.

Natural Resources Minister Tim Hodgson said the plan aims to deliver two new reactors by 2035, with five additional reactors either planned or under construction by 2040.

While the strategy does not include new funding, the federal government said it will publish a policy by April 2027 outlining financing tools and support mechanisms for future nuclear projects.

Nuclear power currently generates about 13% of Canada's electricity supply. The country is also the world's second-largest uranium producer and holds some of the largest high-grade uranium reserves globally.

The initiative forms part of Canada's broader efforts to strengthen energy security and expand low-carbon electricity generation in the coming decades.