Toronto, Ontario 鈥 June 28, 2024: Aecon Group Inc. (TSX: ARE) (鈥淎econ鈥) announced today that it has signed a teaming agreement with ORLEN Synthos Green Energy (鈥淥SGE鈥), 础迟办颈苍蝉搁茅补濒颈蝉, and GE Hitachi (鈥淕EH鈥) to plan the deployment of a fleet of GEH BWRX-300 Small Modular Reactors (鈥淪MRs鈥) in Poland.
Left to right: Rafa艂 Kaspr贸w, OSGE CEO; Wojciech Wrochna, OSGE VP of the Management Board; Greg Thede, Aecon VP Nuclear Strategy, Business Development & Services; Andrew Elnazir, AtkinsR茅alis VP Business Development, Marketing, & Global Nuclear Strategy; and Dagmara Peret, GE Hitachi VP, Country Executive.
Under the teaming agreement, Aecon will support OSGE, the owner and developer, with construction and fabrication planning, as well as project management. At the signing ceremony held today in Warsaw, Canada鈥檚 Minister of Export Promotion, International Trade and Economic Development, Mary Ng, and Ambassador of Canada to Poland, Catherine Godin, were on-hand with partners as Aecon and AtkinsR茅alis also signed bi-lateral agreements with OSGE for their respective scopes.
鈥淲e鈥檙e pleased to bring our full spectrum of construction solutions to support OSGE in collaboratively planning the deployment of the next generation of nuclear technology, contributing to the supply of clean, reliable and affordable electricity in Poland,鈥 said Thomas Clochard, Executive Vice President, Nuclear and Civil, Aecon. 鈥淎econ is at the forefront of advancing the energy transition with nuclear power. The deployment of SMRs is playing a significant role in achieving global sustainability targets and is a key component of Aecon鈥檚 strategic growth under collaborative project delivery models.鈥
Aecon is the Canadian constructor of North America鈥檚 first grid-scale SMR 鈥 building GE Hitachi鈥檚 first-of-a-kind BWRX-300 reactor through the Darlington New Nuclear Project in Ontario 鈥 and is delivering the two largest ongoing nuclear refurbishment projects in North America for Ontario Power Generation and Bruce Power with its partner AtkinsR茅alis. Aecon is also executing the North Anna Power Station Condenser and Feedwater Heater Replacement project in Virginia, and the Savannah River Nuclear Solutions Dismantlement and Removal project in South Carolina.
About Aecon
Aecon Group Inc. (TSX: ARE) is a North American construction and infrastructure development company with global experience. Aecon delivers integrated solutions to private and public-sector clients through its Construction segment in the Civil, Urban Transportation, Nuclear, Utility and Industrial sectors, and provides project development, financing, investment, management, and operations and maintenance services through its Concessions segment. Join our online community on X, LinkedIn, Facebook, and Instagram @AeconGroupInc.
Statement on Forward-Looking Information
The information in this press release includes certain forward-looking statements, including statements regarding the role of nuclear technology in achieving global sustainability targets. These forward-looking statements are based on currently available competitive, financial and economic data and operating plans but are subject to risks and uncertainties. In addition to events beyond Aecon鈥檚 control, there are factors which could cause actual or future results, performance or achievements to differ materially from those expressed or inferred herein, as discussed in greater detail in Section 13 鈥 鈥淩isk Factors鈥 in the Interim Management鈥檚 Discussion and Analysis (MD&A) filed on April 24, 2024 and the 2023 Annual MD&A filed on March 5, 2024, available through SEDAR+ (www.sedarplus.ca). Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Aecon undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.
For further information:
Adam Borgatti
SVP, Corporate Development and Investor Relations
416-297-2600
ir@aecon.com
Nicole Court
Vice President, Corporate Affairs
416-297-2600
corpaffairs@aecon.com