Canadian Nuclear Laboratories (CNL) and the Canadian Commercial Corporation (CCC) have signed a new agreement to work together on expanding international commercial opportunities for Canada’s nuclear sector. The collaboration aims to strengthen the global competitiveness, safety, and growth of the Canadian nuclear industry.
Under the agreement, CNL and CCC will combine their expertise to promote Canadian nuclear technologies, solutions, and services in international markets. This includes sourcing critical components and technologies from Canadian companies, promoting safety and security, and exporting CNL’s technologies and intellectual property. Their joint efforts will also focus on knowledge transfer and capacity building, leveraging CCC’s experience in government-to-government contracting and international markets.
Lou Riccoboni, Vice-President of Corporate Affairs at CNL, expressed excitement about the partnership, highlighting the shared vision of both organizations to expand Canadian nuclear solutions globally. He also noted that with rising challenges from climate change and energy insecurity, the global demand for nuclear energy is growing. CNL aims to help emerging nuclear nations reduce emissions and advance economic development through the safe use of nuclear science and technology.
Kim Douglas, Vice-President of Business Development at CCC, emphasized Canada’s leadership in nuclear science, offering emissions-free energy solutions and enabling medical applications like cancer treatment. He highlighted the growing interest from governments seeking to adopt or expand nuclear energy investments and noted that CCC will help support these governments in their energy transition plans, opening opportunities for Canadian nuclear companies.
The agreement comes just after the Asia-Pacific Economic Cooperation (APEC) Leaders’ Summit, where Prime Minister Justin Trudeau introduced the Canadian Trade Gateway for Nuclear Development to strengthen nuclear partnerships in the Indo-Pacific region. CNL’s involvement in a recent trade mission to Indonesia and the Philippines reflects Canada’s commitment to expanding its nuclear industry globally.
The Indo-Pacific region is an essential market for Canada, with trade between the two regions reaching $257 billion in 2023. The Canadian Trade Gateway for Nuclear Development aims to support this growing market by fostering local expertise, sharing knowledge, and identifying opportunities to meet regional nuclear needs. It also seeks to create new opportunities for Canadian nuclear businesses to thrive on the international stage.
To learn more about CNL’s projects in clean energy and health sciences, visit www.cnl.ca. For more about CCC, visit www.ccc.ca.
(Written by: Emma Butler)