Thank you.
I think an important thing is to be first to market with a lot of these technologies. My expertise is in the area of nuclear. I represent folks at a nuclear power plant. I think about when Canada was successful in days past at exporting CANDU technology to several countries around the world. There are other competing technologies. I think that right now, with the development of small modular reactors, those countries that can first develop some of this technology, demonstrate it, and put it in use and sell it will become the standard.
I think there are opportunities for two, three, four or five different designs for different purposes. One might be on-grid electrification; and one might be for remote use, for example, in the Canadian Arctic or in other areas of the world. I think we are perfectly positioned, because the Canadian Nuclear Safety Commission has already developed the regulatory regime that allows this type of development. We have sites in Canada, in New Brunswick and Ontario, and the Chalk River Canadian Nuclear Laboratories are prepared to demonstrate this technology. I think that when we build the first of the kinds, Canada's reputation in the nuclear industry will allow us to sell this.
The whole idea of these small modular reactors is that they will be part of a fleet. You won't just build a single reactor. The idea is that you manufacture them here, and you'll be able to sell 40, 50 or 100 of them. That's what really makes the economics work.
I think that for the people who can get to the market first, demonstrate it and sell it, it is an enormous opportunity. If Russia or other countries around the world get there first and their technology becomes the prevalent one, we will lose that opportunity.
Thank you.