The funding, announced Wednesday, is to cover up to half the costs of completing work on the company’s next-generation Monark reactor. AtkinsRéalis licenses the Candu technology from the federal government and hopes to sell a lot of Monarks as Canada and other countries opt for nuclear plants to power economic growth without fossil fuels. (The Logic)

Talking point: AtkinsRéalis touts the Monark as the descendant of technology that’s been proven for decades, and that relies heavily on Canadian supply chains. On the down side, AtkinsRéalis hasn’t built one and doesn’t anticipate having even a virtual model of the major elements complete until mid-2026. Meanwhile, it has a competitor in Westinghouse (an old American brand whose nuclear business is now a joint property of Canada’s Brookfield and Cameco), which has a handful of its latest AP1000 large reactors already operating.