Mr. Ian Edwards reports

ATKINSREALIS SIGNS 20-YEAR AGREEMENT FOR ENGINEERING SERVICES WITH FIRST AMERICAN NUCLEAR

Atkinsrealis Group Inc. has signed a strategic alliance agreement with First American Nuclear (FANCO) whereby Atkinsrealis will act as the exclusive engineering, procurement and construction management (EPCM) provider for EAGL-1 small modular reactor (SMR) projects in North America. Work has already begun on the task orders, and the agreement contemplates services worth up to $250-million over the first five years.

"SMR technology is an important part of the energy mix needed to create stable, affordable and reliable power grids that meet the energy needs of economies and communities worldwide," said Ian L. Edwards, president and chief executive officer, Atkinsrealis. "This partnership with FANCO marks an important step in delivering innovative and scalable nuclear technology precisely when the United States is embracing a new era of energy leadership. As the government modernizes pathways for commercial reactor deployment, we are poised to help shape a safer, more secure energy future for generations to come."

Under the first task orders, Atkinsrealis will prepare procedures and policies required to do design work, such as a quality program and engineering procedures. It will also undertake the conceptual design for the balance of plant and review the design of the nuclear steam supply system. EAGL-1 is the only United States nuclear reactor design cooled by lead-bismuth, a liquid metal alloy that has been used in successful nuclear systems abroad for decades. The unique properties of lead-bismuth enable a simpler, more compact reactor design with fewer components and reduced complexity.

"The surge in U.S. power demand is expected to intensify, largely by data centres and AI, as well as the need for greater grid resilience," said Joe St. Julian, president, nuclear, Atkinsrealis. "We'll need all sources of efficient baseload power to meet the country's energy requirements, including large and small nuclear reactor technology, and we'll draw on our deep expertise working on SMR technologies around the world to deliver best-in-class services in support of FANCO's ambition to deploy a cost-effective utility-scale power across the U.S."

Atkinsrealis has a strong record in providing engineering services for SMRs. It has served as the architect-engineer on Ontario's Darlington New Nuclear Project (DNNP) alliance team since 2023. The company is working alongside GE Vernova Hitachi Nuclear Energy and Aecon Kiewit Nuclear Partners. DNNP is the G7's first grid-scale SMR and Canada's first nuclear new build in roughly 30 years. Since 2018, it has also supported the Rolls-Royce SMR program in the U.K. with design and engineering expertise, as well as acting as the owner's engineer for Energy Northwest's SMR project in Washington state since 2024.

About Atkinsrealis Group Inc.

Created by the integration of long-standing organizations dating back to 1911, Atkinsrealis is a world-class engineering services and nuclear company dedicated to engineering a better future for our planet and its people. The company creates sustainable solutions that connect people, data and technology to transform the world's infrastructure and energy systems. The company deploys global capabilities locally to its clients and deliver unique end-to-end services across the whole life cycle of an asset including consulting, advisory and environmental services, intelligent networks and cybersecurity, design and engineering, procurement, project and construction management, operations and maintenance, decommissioning, and capital. The breadth and depth of the company's capabilities are delivered to clients in strategic sectors such as engineering services, nuclear and capital.

About Atkinsrealis's nuclear sector

Atkinsrealis has over 70 years of global nuclear expertise, delivering nuclear technology products and full-service solutions to nuclear utilities around the world. Atkinsrealis 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, Atkinsrealis solves technically complex challenges across the whole nuclear life cycle from design, and new build through asset management and from life extension and late life management through decommissioning and waste management. Atkinsrealis operates and manages government nuclear research sites, transforming ageing infrastructure and safely managing legacy nuclear waste. Atkinsrealis's 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.

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