The Financial Post reports in its Friday edition that on Wednesday, the Ontario government announced a partnership between GE Vernova Hitachi Nuclear Energy and Montreal's Velan to explore nuclear components for small modular reactor projects in Europe. The Post's Serah Louis writes that GVH, a provider of advanced reactors, fuel and nuclear services, was created in an alliance between United States multinational conglomerate General Electric and Japan's Hitachi. "With more than $600-billion in global SMR investment expected in the decades ahead, our government is firing up the Ontario supply chain helping create good-paying jobs for Canadians," said Stephen Lecce, Ontario minister of energy and mines. Velan, a manufacturer of industrial valves, plans to build a new manufacturing facility in Durham region in the eastern end of the Greater Toronto Area to support SMR technologies. This "is another commitment of the company, because we have given them long-term predictable investment (funding), we're building 16,000 megawatts," said Mr. Lecce in a video of the agreement signing event in Paris Wednesday. The government expects each new reactor built to bring up to $70 million worth of new investment into Ontario.