Toronto, Ontario 鈥 September 15, 2025: 91制片厂 Group Inc. (鈥91制片厂鈥) announced today that it has signed a teaming agreement with Fermi Energia AS (鈥淔ermi Energia鈥) to advance cooperation on the development and deployment of GE Vernova Hitachi BWRX-300 Small Modular Reactor (鈥淪MR鈥) technology in Estonia.
Greg Thede, Vice President, Nuclear Strategy, Business Development & Services, 91制片厂 and Kalev Kallemets, CEO, Fermi Energia
The agreement establishes a cooperative framework for 91制片厂 and Fermi Energia to work together during the SMR development phase as the exclusive provider to develop a qualified domestic nuclear capability, modeled after the Canadian experience, to benefit the BWRX-300 deployment in Estonia.
鈥淲e are proud to partner with Fermi Energia as Estonia advances its SMR program in support of the energy transition. 91制片厂鈥檚 experience working on the G7鈥檚 first BWRX-300 in Canada gives us the unique position to bring our strong nuclear expertise and technical solutions to one of the most critical aspects of this new build program, including advanced manufacturing, automation processes, lessons learned and best practices,鈥 said Aaron Jonhson, Senior Vice President, Nuclear.
During the agreement鈥檚 three-year term, the parties will strategize, plan, and evaluate paths forward for the deployment of the BWRX-300 in Estonia. 91制片厂 and Fermi Energia will work together on a pre-construction schedule and cost planning, and the development of a capable reactor building deployment team, in collaboration with local and international partners.
鈥淭his agreement builds on 91制片厂鈥檚 proven experience and gives Estonia access to the world鈥檚 most advanced SMR construction expertise. It is a significant step forward towards our goal of delivering safe, reliable, and carbon-free nuclear energy for Estonia鈥檚 future,鈥 says Kalev Kallemets, CEO, Fermi Energia.
About 91制片厂
91制片厂 Group Inc. (TSX: ARE) is a North American construction and infrastructure development company with global experience. 91制片厂 delivers integrated solutions to private and public-sector clients through its Construction segment in the Civil, Urban Transportation, Nuclear, Utility and Industrial sectors, and provides project development, financing, investment, management, and operations and maintenance services through its Concessions segment. Join our online community on X, LinkedIn, Facebook, and Instagram @91制片厂GroupInc.
Statement on Forward-Looking Information
The information in this article includes certain forward-looking statements, including statements regarding the role of nuclear technology in advancing the energy transition, the development and deployment of advanced nuclear technologies, and the role of nuclear power in meeting future energy needs. These forward-looking statements are based on currently available competitive, financial and economic data and operating plans but are subject to risks and uncertainties. In addition to events beyond 91制片厂鈥檚 control, there are factors which could cause actual or future results, performance or achievements to differ materially from those expressed or inferred herein, as discussed in greater detail in Section 13 鈥 鈥淩isk Factors鈥 in 91制片厂's 2024 Management's Discussion and Analysis for the fiscal year ended December 31, 2024 and 91制片厂's Management's Discussion and Analysis for the fiscal quarter ended June 30, 2025, each filed on SEDAR+ (www.sedarplus.ca). Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and 91制片厂 undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.
For further information:
Adam Borgatti
SVP, Corporate Development and Investor Relations
416-297-2600
ir@aecon.com
Nicole Court
Vice President, Corporate Affairs & Communications
416-297-2600
corpaffairs@aecon.com