Browsing: Americas

Canada has taken a critical step forward in its nuclear energy strategy with formal approval for the construction of the nation’s first small modular reactor (SMR), the BWRX-300. The project, located at Ontario Power Generation’s (OPG) Darlington site,will see GE Vernova Hitachi Nuclear Energy (GVH) begin work immediately.

Plug Power has closed the first tranche of a $525 million secured term loan facility, strengthening its financial position as it ramps up investment in its green hydrogen infrastructure. The $210 million drawdown, announced May 6, marks a significant liquidity injection and comes at a time when capital access is increasingly critical for hydrogen sector players navigating rising operational and deployment costs.