AtkinsRéalis business Candu Energy Inc has entered into Preferred Vendor Agreements (PVA) with eight companies operating in the Canadian nuclear sector.
The companies that will receive preferential vendor status are:
In 2024 these companies accounted for over C$700m of orders and have already generated almost C$500m in 2025.
Joe St.
Julian, President - Nuclear at AtkinsRéalis, explains: “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 the eight preferred vendors because of their proven role in helping 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 incentivise 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.
"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," adds 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 C$1.3 billion in purchase orders into the CANDU nuclear supply chain to more than 350 companies, 88.5 per cent of which was issued to Canadian suppliers.
