Aecon brings unique expertise as the constructor of the G7’s first BWRX-300 SMR in Canada. Aecon is also developing advanced manufacturing and a combination of automation and technical solutions for the fabrication process and infield construction solutions for the nuclear reactor building superstructure, which includes leading off-site fabrication, on-site fabrication, and site construction.
Relationship Based on Collaboration and Transparency
The agreement establishes a cooperative framework for Fermi Energia and Aecon to work together during Estonia’s SMR development phase as the exclusive provider to develop a qualified domestic nuclear capability modeled after the Canadian experience to benefit the BWRX-300 deployment in Estonia.
During the agreement’s three-year term, the parties will strategize, plan, and evaluate paths forward for the deployment of the BWRX-300 in Estonia. Fermi Energia and Aecon will work together on pre-construction schedule and cost planning, and development of a capable reactor building deployment team, in collaboration with local and international partners.
Quotes
Kalev Kallemets, CEO of Fermi Energia, said:
“This agreement builds on Aecon’s proven experience and gives Estonia access to the world’s most advanced SMR construction expertise. It is a significant step toward our goal of delivering safe, reliable, and carbon-free nuclear energy for Estonia’s future.”
Aaron Johnson, Senior Vice President, Aecon Nuclear, said:
“We are proud to partner with Fermi Energia as Estonia advances its SMR program in support of the energy transition. Aecon’s experience building the G7’s first BWRX-300 in Canada gives us the unique position to bring our strong nuclear expertise and technical solutions to one of the most critical aspects of this new build program, including advanced manufacturing, automation processes, lessons learned and best practices.”
About Aecon
Aecon Group Inc. (TSX: ARE) is a North American construction and infrastructure development company with global experience. Aecon delivers integrated solutions to private and public-sector clients through its Construction segment in the Civil, Urban Transportation, Nuclear, Utility and Industrial sectors, and provides project development, financing, investment, management, and operations and maintenance services through its Concessions segment. Join our online community on X, LinkedIn, Facebook, and Instagram @AeconGroupInc.
About Fermi Energia
Fermi Energia AS is a privately held Estonian company established to develop and deploy next-generation small modular reactors, providing reliable, carbon-free, and affordable electricity to Estonia and the wider Baltic region. Fermi Energia has selected the BWRX-300 technology by GE Hitachi Nuclear Energy as its reference design.