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Westinghouse and Eclipse Automation Sign Agreement for Nuclear New-Build Projects

Westinghouse and Eclipse Automation Sign Agreement for Nuclear New-Build Projects

National Post08-07-2025
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Memorandum of Understanding Supports Deployment of AP1000 ® and AP300™ Technology in Canada and Globally
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PETERBOROUGH, Ontario — Westinghouse Electric Company and Eclipse Automation, part of Accenture, have signed a memorandum of understanding (MoU) to support nuclear new-build projects in Canada and globally.
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Under the agreement, Eclipse Automation has the potential to provide automation solutions for key AP1000 ® and AP300™ projects. The companies will also collaborate to develop tooling for the refurbishment of operating nuclear plants.
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'This milestone marks another step toward a future powered by clean and reliable energy, as nuclear innovation continues to develop a number of safe and sustainable energy solutions,' said Steve Mai, CEO, Eclipse Automation, Managing Director, Accenture Industry X. 'For skilled professionals, increasing investment in nuclear energy opens the door to meaningful, long-term careers. At Eclipse Automation, our legacy of excellence across the nuclear lifecycle — including contributions to some of the industry's most prominent projects — reflects our commitment to this future. By harnessing deep expertise in engineering, manufacturing, and digital innovation, we are excited to deliver cutting-edge automation solutions that will power the next generation of nuclear reactors that are needed in Canada and across the globe.'
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'As Westinghouse works to deliver AP1000 and AP300 projects around the world, the advanced automation solutions provided by Eclipse Automation can help us streamline manufacturing and make operations more efficient and safer,' said John Gorman, President of Westinghouse Canada. 'In addition to delivering clean energy, these projects also will benefit the Canadian economy by providing local jobs and boosting economic growth.'
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The announcement is the latest in a series of agreements with Canadian firms to support Westinghouse's AP1000 and AP300 projects globally. For each AP1000 unit that is built outside of Canada, Westinghouse could generate almost $1 billion of Canadian dollars in gross domestic product (GDP) through local suppliers.
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Owned by Canadian energy powerhouses Brookfield and Cameco, Westinghouse is the only nuclear vendor with an advanced, proven and fully operational Generation III+ reactor technology that is ready to be deployed in Canada and generate electricity by as early as 2035. A four-unit AP1000 facility in Canada can power at least three million homes while supporting $28.7 billion Canadian dollars in GDP during construction and $8.1 billion in GDP annually in ongoing operations. The four-unit project would also create 12,000 high-quality full-time Canadian jobs and provide Canadian firms opportunities to support the more than 30 AP1000 units in the pipeline globally.
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Westinghouse Electric Company is shaping the future of carbon-free energy by providing safe, innovative nuclear and other clean power technologies and services globally. Westinghouse supplied the world's first commercial pressurized water reactor in 1957 and the company's technology is the basis for nearly one-half of the world's operating nuclear plants. Over 135 years of innovation makes Westinghouse the preferred partner for advanced technologies covering the complete nuclear energy life cycle. For more information, visit www.westinghousenuclear.com and follow us on Facebook, LinkedIn and X.
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Eclipse Automation, part of Accenture, provides innovative automation solutions that reinvent manufacturing. Our decades of experience, use of physical and digital tenets to connect the top floor to the shop floor. Eclipse's nuclear team consists of highly trained experts who specialize in automating and optimizing nuclear operations. With deep experience across the entire nuclear lifecycle – from new builds, to operations, life extensions, late life management, waste management, decommissioning and remediation – our team understands the intrinsic elements, including tooling and processes. Eclipse is vertically integrated, with in-house capabilities to design, manufacture, assemble and test custom equipment and tooling.
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LibertyStream Announces Closing of Promissory Note Financing
LibertyStream Announces Closing of Promissory Note Financing

National Post

time27 minutes ago

  • National Post

LibertyStream Announces Closing of Promissory Note Financing

Article content CALGARY, Alberta — LibertyStream Infrastructure Partners Inc. (TSXV: LIB | OTCQB: VLTLF | FSE: I2D) (' LibertyStream ' or the ' Company ') is pleased to announce that it has closed its previously-announced offering of 12% promissory notes (the ' Notes ') for aggregate gross proceeds of $3,530,000 (the ' Offering '). Article content Pathfinder Asset Management Ltd. (' Pathfinder ') purchased $3,400,000 aggregate principal amount of Notes under the Offering, which Notes are senior and secured against all of the Company's present and after-acquired property. The remaining $130,000 aggregate principal amount of the Notes were purchased by Alex Wylie, the Company's President and Chief Executive Officer. The Notes purchased by Mr. Wylie are unsecured Article content The principal balance of each Note will be payable on August 8, 2026 (the ' Maturity Date '), provided that the Company shall have the right to redeem and repay the Notes at any time prior the Maturity Date, in whole or in part, without notice, bonus or penalty. The Notes bear simple interest at a rate of 12% per annum, with interest payable on the Maturity Date. The Company intends to use the proceeds from the Notes to complete the purchase of the refining unit ($2,100,000) (as disclosed in the Company's press release dated July 31, 2025) and for general working capital purposes ($1,430,000) or for such other purposes as the Company may determine to be appropriate in its sole discretion. In connection with the Offering, the Company issued an aggregate of 3,004,255 common shares in the capital of the Company (the ' Bonus Shares ') to Pathfinder and Mr. Wylie. 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The Company is relying on the exemptions for the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(b) of MI 61-101, as the Notes are not listed, and will not be listed, on a specified market and the fair market value of the Notes and Bonus Shares being issued to the related party does not exceed $2,500,000, as determined in accordance with MI 61-101. The Company has not filed a material change report with respect to the participation of the insiders at least 21 days prior to the closing as the related party participation had not been determined at such time. Article content About LibertyStream Infrastructure Partners Article content LibertyStream is a lithium development and technology company aiming to be one of North America's first commercial producers of lithium carbonates from oilfield brine. 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When used in this news release, the words 'anticipate', 'believe', 'estimate', 'expect', 'target', 'plan', 'forecast', 'may', 'will', 'would', 'could', 'schedule' and similar words or expressions, identify forward-looking statements or information. Statements, other than statements of historical fact, may constitute forward-looking information and include, without limitation, the use of proceeds of the Offering. With respect to the forward-looking information contained in this press release, the Company has made numerous assumptions. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies and may prove to be incorrect. 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All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law. Article content Article content Article content Article content Article content Contacts Article content

Air Canada flight attendants could strike next week. Here's what you need to know
Air Canada flight attendants could strike next week. Here's what you need to know

CBC

time28 minutes ago

  • CBC

Air Canada flight attendants could strike next week. Here's what you need to know

Air Canada flight attendants could walk off the job as early as next week after voting overwhelmingly to approve a strike mandate. Members of the Air Canada component of the Canadian Union of Public Employees (CUPE) voted 99.7 per cent in favour of a strike mandate on Tuesday. But a strike isn't set in stone yet, with both parties back at the bargaining table starting Friday. Here's what you need to know: When could workers go on strike? If an agreement isn't reached, the earliest that workers could walk off the job is 12:01 ET on Aug. 16, as long as 72 hours notice is given, according to the union. This means the earliest that a 72-hour strike notice could be issued is Aug. 13. The Air Canada component of CUPE represents more than 10,000 flight attendants at Air Canada and its leisure service, Air Canada Rouge. Air Canada Express flights, which are operated by Jazz and PAL, will not be affected. What's at stake in the negotiations? The union and Air Canada are negotiating a new contract after the previous 10-year contract expired in March. CUPE says that wages, work rules and unpaid hours are the big issues in contention. According to CUPE, many duties performed by flight attendants prior to boarding and after deplaning, including performing required safety checks and assisting passengers, go unpaid under the current pay structure. The union announced that members will be mobilizing at airports in Montreal, Toronto, Vancouver and Calgary on Monday to raise awareness of the essential role of flight attendants, and that representatives will be on hand to answer questions. How are negotiations going? According to the union, it will be back at the bargaining table from Friday until Aug. 15. Bloomberg reported earlier this week that Air Canada had offered an overall wage increase of more than 30 per cent over four years. Air Canada told CBC News that it was unable to comment on the specifics during the bargaining process. "We can confirm, however, that we have made a proposal to the union that would make our flight attendants the best paid in Canada — including addressing the issue of ground pay — in recognition of their contributions to the success of our airline," the airline said in a statement. When asked about a potential offer, CUPE told CBC News on Thursday that "Air Canada has never presented this offer to the union. "If this indeed is what the company plans to present when we resume negotiations on Friday, we look forward to discussing it then." Should you cancel your Air Canada flight? The airline has previously said that it believes it's too early for travellers to consider disrupting their plans. "At this point, our focus is on achieving a new, negotiated agreement with CUPE, so it is premature to speculate or discuss possible contingencies," Air Canada spokesperson Peter Fitzpatrick told The Canadian Press. CUPE has stated that a strike is an option, but not the goal. One expert told CBC News that those whose flights fall on a day that might be affected by a possible strike shouldn't cancel their flights. "There's compensation that's going to be due to you if they [Air Canada] cancel the flights rather than if you cancel it," John Gradek, a lecturer in supply networks and aviation management at McGill University, told CBC News. He recommended that those who absolutely need to make it to their destination on a specific day consider buying a refundable ticket from another airline so that they can get their money back if there's no strike and proceed with their original ticket.

Some U.S. Republicans want Canada to axe its Online Streaming Act
Some U.S. Republicans want Canada to axe its Online Streaming Act

CBC

time28 minutes ago

  • CBC

Some U.S. Republicans want Canada to axe its Online Streaming Act

A group of Republican members of U.S. Congress say Canada's policy requiring foreign streaming services to contribute five per cent of their revenues to funding Canadian content is discriminatory and should be rescinded amid trade negotiations. The 18 Republicans penned a letter to U.S. Trade Representative Jamieson Greer, Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent, calling Canada's Online Streaming Act "discriminatory" against American companies. The members of Congress who signed the letter include Lloyd Smucker, Carol D. Miller, Ron Estes and Rudy Yakym. They argue that American streaming services are important contributors to the U.S. economy and that the Canadian Radio-television and Telecommunications Commission (CRTC)'s decision to force foreign services to contribute five per cent of their revenues to government funds benefiting the creation of Canadian content is harmful to cross-border digital trade. "This sector represents an economic growth engine for the United States and should be prioritized in our ongoing negotiations with Canada as you seek to dismantle digital trade irritants," the July 31 letter obtained by CBC News says. The letter states that in 2023, on-demand video revenue contributed $70 billion US to the American economy, in addition to $14.3 billion US from music streaming. In late June, the Canadian government announced it would rescind its digital services tax, days after U.S. President Donald Trump demanded it gone and briefly cut off trade negotiations. Though the negotiations resumed, they failed to meet Trump's self-imposed Aug. 1 deadline and Canadian trade representatives have displayed less optimism since the president slapped a 35 per cent tariff on goods non-compliant with the Canada-U.S.-Mexico agreement (CUSMA). Prime Minister Mark Carney also received criticism for bending to U.S. wishes, despite promising a strong approach to facing Trump during the election campaign. WATCH | 'Canada caved' on digital services tax, says White House spokesperson: 'Canada caved' on digital services tax, says White House spokesperson 1 month ago In response to a reporter's question about trade talks with Canada, White House press secretary Karoline Leavitt said Prime Minister Mark Carney 'caved' to U.S. President Donald Trump after the latter said on Friday he was ending discussions because of the digital services tax. The Canadian government announced late Sunday evening it would rescind the tax. Carney's government has displayed a willingness to reverse digital policies created during his predecessor Justin Trudeau's time in office, says Michael Geist, law professor and Canada Research Chair in internet and e-commerce law at the University of Ottawa. "U.S. streaming companies and U.S. politicians can see that reversal and in some ways suspect that the door may be open to a reversal of the Online Streaming Act as well," Geist said. Geist said he isn't surprised the legislation is getting pushback in the U.S., given the mandatory contributions the CRTC has required. Many of the Canadian content funds exclude foreign streamers, Geist notes. "They're investing in the country, but then aren't beneficiaries," he said. Geist says the legislation was controversial for that reason and because of its narrow definition of what Canadian content actually is. For example, a Netflix production entirely made and developed in Canada may not be included. Canadian filmmakers are also excluded from potential funding, according to reporting by The Globe and Mail. Carney may recognize the shortcomings of digital policies created by the Trudeau government, which Geist argues didn't anticipate the consequences of requiring large American tech companies to comply with Canadian legislation. Earlier this week, the prime minister suggested his government was looking broadly at how Canadian news outlets can better reach their audiences. That includes revisiting the Trudeau government's Online News Act, which led to Meta banning Canadian users from sharing links to news sites. "The question is, once you start getting into some of the greyer areas, what's the appropriate approach?" Geist said.

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