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SAINT JOHN, NB, January 28, 2021 /24-7PressRelease/ -- Advanced Reactor Concepts, LLC (ARC) announced today a major rebranding effort and company name changes to better reflect the group's efforts as a provider of a proven, clean energy solutions.
ARC's Chairman of the Board & Chief Executive Officer, Donald Wolf, said "Today, with the acknowledgement by governments and the scientific community that the time is now for carbon free power, I am pleased to announce our new name, ARC Clean Energy and the launch of our website (www.arcenergy.co). As we advance plans to deploy our advanced small modular reactor (SMR) clean energy technology, we are proud to support the global movement toward net zero carbon emissions."
ARC's USA company has changed its name to ARC Clean Energy LLC (formerly ARC Nuclear LLC) and its subsidiary, ARC Nuclear Canada Inc., has changed its name to ARC Clean Energy Canada Inc.
ARC Clean Energy Canada Inc. (ARC Canada) is recognized throughout Canada and is progressing plans to launch its advanced SMR technology in the Province of New Brunswick. ARC Canada is developing a modular project execution approach that reduces costs and deployment time for a clean energy solution that effectively deals with waste and partners seamlessly with intermittent renewable energy sources such as wind and solar.
Having firmly planted roots in New Brunswick, ARC Canada is uniquely positioned to meet future energy needs and create clean energy jobs for Canadians through manufacturing and supply chain initiatives. Norman JD Sawyer, President & CEO of ARC Canada believes that New Brunswick is well positioned to take the lead in the emerging SMR market. "The time is now," said Mr. Sawyer, "I feel more confident than ever that our innovative advanced SMR technology will play a significant role in the emerging SMR market in Canada and worldwide. Not only does our technology generate inherently safe, clean, and low-cost energy, it provides a proven approach for Canada to deal with waste, a major differentiator from most other SMR technologies. We are moving forward to provide New Brunswick with an important economic growth opportunity."
About ARC Clean Energy
ARC is a clean energy technology company developing the ARC-100, an advanced small modular reactor (SMR) offering inherently safe, reliable, and economical carbon free power that deals with waste. Leveraging proven technology from the 30-year performance of its prototype (the EBR-II), the ARC-100's simple, modular design provides 100 megawatts of electricity that is cost competitive with fossil fuels and has load following capabilities to partner with intermittent renewables. The ARC-100 has been selected by New Brunswick Power for implementation on their Point Lepreau site with completion targeted for the late 2020s.
More information on ARC Clean Energy is available online at www.arcenergy.co
Carol Lynn Landry
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