The Globe and Mail reports in its Tuesday edition that Atkinsrealis is moving to sell its nuclear reactor technology into the United States, a surprise move one analyst said could bolster its revenue and exposure to American investors if it manages to clinch deals against growing competition. The Globe's Nicolas Van Praet writes that the Montreal engineering company has "begun to explore opportunities for alternative large nuclear reactor technologies, notably Candu reactors, in the U.S.," Atkinsrealis's Joe St. Julian said in a statement to The Globe. Talks have started with U.S. regulatory agencies, including the Nuclear Regulatory Commission and the National Nuclear Security Administration, to assess licensing and other potential concerns. Atkinsrealis chief executive officer Ian Edwards has reshaped the engineering company, previously known as SNC, by selling oil and gas assets and pivoting toward a simplified business model centred on engineering services and consulting work. U.S. President Donald Trump wants to quadruple America's atomic energy capacity over the next 25 years to meet rising demand for electricity. "We are positively surprised by this development," Desjardins analyst Benoit Poirier said in a note.
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