Global First Power Ltd. Information

Global First Power (GFP) is in the business of developing and deploying small modular reactor technology as an alternative to fossil-fuel generation in remote communities and mines that are not connected to provincial electricity grids. GFP is a federally-incorporated Canadian company located in Ottawa, Ontario. It is GFP's goal to finance and own nuclear plants, providing reliable and dispatchable energy (that is, energy available on demand according to market needs) to clients under long-term supply contracts. GFP’s business proposition reduces the clients’ project and financial risks by eliminating the clients’ capital requirements to build power plants; reducing the energy cost; reducing greenhouse gas emissions; and eliminating future energy cost variability. For several years, GFP has worked in collaboration with Ultra Safe Nuclear Corporation™ (USNC) and Ontario Power Generation (OPG) to prepare for and initiate the Micro Modular Reactor(MMR™ ) Project at Chalk River. On June 3, 2020, the three companies announced they had formed a joint venture partnership which will build, own and operate the proposed micro reactor at Canadian Nuclear Laboratories’ Chalk River site.