- Preferred Vendor Agreements (PVA) will accelerate the development of refurbishments and new builds of CANDU® reactors in Canada and around the world.
- Initial agreements have been signed with eight preferred suppliers in Canada; more expected in Q2 2025.
- Suppliers will assist with the engineering development of updated CANDU reactors, accelerating the construction of new builds while reducing costs and risks.
- With rising geopolitical uncertainty, PVAs support Canada’s energy independence with a strong and integrated CANDU supply chain.
- PVAs build on more than $1.3 billion in purchase orders issued by AtkinsRéalis in 2024 to the supply chain; 88.5 percent of which was issued to Canadian suppliers.
Mississauga, ON: April 2, 2025— Candu Energy Inc., an AtkinsRéalis company, today announced it has concluded Preferred Vendor Agreements (PVA) with eight companies, who accounted for over $700m of orders in 2024 and nearly $500m year-to-date.
“These agreements are a win-win for the Canadian nuclear sector,” said Joe St. Julian, President, Nuclear, AtkinsRéalis. “By providing our preferred partner companies in Canada with a stable, predictable stream of business, and simplifying the purchasing process, we will accelerate the development of reactors while further reducing costs and execution risk.”
Candu Energy selected these eight preferred vendors because these trusted partners have consistently delivered excellence over the years and have been crucial to Candu Energy's ability to deliver on-time and on-budget refurbishments and life extensions. PVAs will ensure a closer collaboration and transparency between parties, focus on continuous improvement and engineering development leading to a derisked supply chain with reduced execution risk and costs, while accelerating the development of the nuclear reactors and job creation.
They will further incentivize investment in Ontario as partner companies prepare to support the development of new CANDU reactors. The economic benefit to Ontario of these agreements will grow as more jurisdictions choose CANDU to support their nuclear ambitions.
These companies will also benefit from preferential access to key contracts and will play an important role in the deployment of new CANDUs, in Canada and abroad.
Today’s announcement includes the following companies:
- BC Instruments
- BWXT
- Celeros
- ES Fox
- Niagara Energy
- NWI Precision
- Senior Flexonics
- Velan
"There will be several opportunities for Canadian companies beyond national borders. We’ll collaborate to ensure they are well-positioned to benefit from export opportunities associated with our status as a Tier-1 nuclear nation," said Gary Rose, President, Candu International, AtkinsRéalis.
As the only technology designed, built, supplied and serviced from within the country, CANDU technology benefits from deep and long-standing roots in the domestic nuclear supply chain. PVAs build on these relationships by allowing participating companies to be fully integrated into the design process of the next generation of CANDU reactors.
In 2024, Candu Energy Inc. issued over $1.3 billion in purchase orders into the CANDU nuclear supply chain to more than 350 companies, 88.5 percent of which was issued to Canadian suppliers.
About AtkinsRéalis
Created by the integration of long-standing organizations dating back to 1911, AtkinsRéalis is a world-class engineering services and nuclear company dedicated to engineering a better future for our planet and its people. We create sustainable solutions that connect people, data and technology to transform the world's infrastructure and energy systems. We deploy global capabilities locally to our clients and deliver unique end-to-end services across the whole life cycle of an asset including consulting, advisory & environmental services, intelligent networks & cybersecurity, design & engineering, procurement, project & construction management, operations & maintenance, decommissioning and capital. The breadth and depth of our capabilities are delivered to clients in strategic sectors such as Engineering Services, Nuclear and Capital. News and information are available at www.atkinsrealis.com or follow us LinkedIn.
About AtkinsRéalis’ Nuclear Sector
AtkinsRéalis has over 70 years of global nuclear expertise, delivering nuclear technology products and full-service solutions to nuclear utilities around the world. AtkinsRéalis is the steward of CANDU® nuclear technology, operating on four continents, and provides advisory and engineering services to other nuclear developers. With an innovative technology portfolio, including access to over 500 patented solutions, AtkinsRéalis solves technically complex challenges across the whole nuclear lifecycle from design and new build through asset management and from life extension and late life management through decommissioning and waste management. AtkinsRéalis operates and manages government nuclear research sites, transforming ageing infrastructure and safely managing legacy nuclear waste. AtkinsRéalis’ CANDU technology also allows for the co-production of medical radioisotopes for cancer detection and treatment. The company also supports cancer treatment through its partnership with TerraPower to extract isotopes from legacy nuclear material. Learn more on our Nuclear market page.
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