Business View Magazine - Dec 2023

So, PCL is focusing on its construction and deployment processes, and its new project will help it not only do that but also “refine the commercial model under which this technology would operate,” says Shoukas. It’s widely known that because the nuclear sector moves slowly, predicting revenue growth can be almost impossible; however, predicting demand is not. There are already mandates to reduce greenhouse gas emissions, and with these new reactors being anywhere from30% to 85%cheaper than traditional nuclear technologies, what company wouldn’t want to comply while preserving larger profit margins? PCL’s involvement with this new technology has made this much crystal clear: embracing a cleaner, more sustainable energy future not only safeguards our planet but also opens up avenues for economic growth and further technological innovation. Integrity Innovation Expertise 108 BUSINESS VIEW MAGAZINE VOLUME 10, ISSUE 12