Alberta, although widely recognized for its oil and gas sector, is currently showcasing a different energy alternative at a conference in downtown Edmonton this week: Nuclear power.
May Wong, a senior vice-president at Capital Power, expressed enthusiasm about the potential for nuclear energy in Alberta. The company is considering the construction of small modular reactors (SMRs) in the province. These SMRs, while smaller and less powerful than traditional nuclear reactors, offer advantages such as being factory-built, cost-effective, safe, and suitable for less densely populated areas.
While nuclear power is already established in New Brunswick and Ontario, with the latter relying on nuclear energy for over half of its electricity needs, Ontario is planning to enhance its nuclear capacity by incorporating SMRs into its energy mix.
The discussion around nuclear energy has gained momentum in Alberta, with the provincial government forming an expert panel to investigate the feasibility of nuclear power. Premier Danielle Smith, who has previously expressed reservations about renewable energy sources like wind and solar, has shown newfound interest in nuclear power, citing its favorable attributes.
The appeal of nuclear power lies in its ability to provide reliable, low-emission electricity over the long term. Alberta’s Minister of Affordability and Utilities, Nathan Neudorf, highlighted that Alberta is not alone in considering nuclear power, as many countries are increasing their nuclear capacity to secure stable, eco-friendly energy sources.
Despite the potential benefits of nuclear energy, challenges remain, particularly in terms of upfront capital costs and competition from abundant natural gas resources in Alberta. However, industry experts believe that nuclear power could offer economic viability in the long run, especially given the expected surge in global electricity demand.
As the province explores the possibility of nuclear power, public opinion, social acceptance, and environmental considerations, including nuclear waste management, will play crucial roles in shaping the future energy landscape in Alberta. The province aims to gather input from various stakeholders through an ongoing online survey to gauge interest in nuclear power.
Looking ahead, industry leaders anticipate a gradual transition towards nuclear energy in Alberta, acknowledging the need for thorough planning and consideration of various factors before fully embracing nuclear power as a significant contributor to the province’s energy portfolio.
