B

Bruce Power

Nuclear power generator for Ontario electricity

Overview

Bruce Power operates the Bruce Nuclear Generating Station in Tiverton, Ontario, as a private-sector electricity generator that is leased from the province. The site has eight CANDU reactors that typically supply about 30% of Ontario’s electricity under a long-term contract with the Independent Electricity System Operator through 2064; Bruce Power funds all upgrades, pays rent, and covers waste management and decommissioning. Beyond power, the company is a major producer of medical isotopes, including Cobalt-60 for sterilizing medical devices and Lutetium-177 for targeted cancer therapies, using an on-site Isotope Production System. Its goals are to provide reliable, low-cost electricity to Ontario over the long term, extend reactor life through refurbishments, explore capacity expansion with Bruce C, and lead in isotope production for medical use.

Significant Headcount Growth

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About Bruce Power

Simplify's Rating
Why Bruce Power is rated
B
Rated A on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & ManufacturingGovernment & Public SectorEnergyHealthcare

Company Size

1,001-5,000

Company Stage

Debt Financing

Total Funding

$1.6B

Headquarters

Kincardine, Canada

Founded

2001

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Simplify's Take

What believers are saying

  • September 3, 2026 green bonds raised $800 million, bringing financing to $4.1 billion.
  • Unit 3 returned in June 2026 ahead of schedule, proving refurbishment execution strength.
  • September 2026 supplier summit and 100-plus pledges strengthen domestic capacity before tariff disruptions.

What critics are saying

  • Units 3-8 refurbishment continues through 2033; any outage slashes Ontario supply and returns.
  • Bruce C still needs impact assessment, municipal readiness, and Indigenous consent before construction.
  • Heavy dependence on green-bond refinancing exposes 2064 life-extension plans to capital-market shocks.

What makes Bruce Power unique

  • Bruce Power is Canada's only private nuclear generator, running Ontario's 6,400-megawatt Bruce station.
  • September 2026 CNSC approval lets Bruce Power commercialize on-site hot-cell Lu-177 production.
  • Bruce Power owns 95% Canadian sourcing and 27,000 Ontario jobs through its supply chain.

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Funding

Total Funding

$1.6B

Above

Industry Average

Funded Over

2 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Disability Insurance
  • Health Savings Account/Flexible Spending Account
  • Unlimited Paid Time Off
  • Flexible Work Hours
  • Hybrid Work Options
  • Phone/Internet Stipend
  • Wellness Program
  • Mental Health Support

Growth & Insights and Company News

Headcount

6 month growth

5%

1 year growth

5%

2 year growth

5%
Bruce Power
Sep 18th, 2026
More than 100 suppliers sign commitment to put Canada first, strengthening the economy and driving a clean energy future.

More than 100 suppliers sign commitment to put Canada first, strengthening the economy and driving a clean energy future. 2026-09-18 More than 100 suppliers signed a Supplier Commitment to Strengthening Canada's Nuclear Supply Chain Sept. 16 during Bruce Power's Domestic Supply Chain Summit, strengthening their resolve to power Ontario and Canada forward and drive economic growth. The Domestic Supply Chain Summit featured discussions on taking steps to expand Canadian participation in critical infrastructure projects, strengthening domestic manufacturing capacity, and helping businesses succeed in an evolving trade environment. Bruce Power's supplier partners came together to sign the pledge, demonstrating a shared commitment to supporting Canadian jobs, strengthening domestic supply chains, and advancing Canada's long-term economic competitiveness. With trade challenges facing Canada and impacting its economy, Bruce Power asked its suppliers to join its Made-in-Canada approach to standing up for a strong, united Canada by aligning to five key commitments: * Contributing to Bruce Power's 95% Made in Canada commitment by buying from Canadian suppliers wherever possible and ensuring sub-suppliers do the same. * Building its Made in Canada nuclear supply chain by working with Canadian companies to expand its supplier base and do more production in Canada and engaging businesses impacted by tariffs to build their capabilities in the nuclear and electricity supply chains. * Supporting workers impacted by tariff-related job losses through retraining and targeted hiring in collaboration with its union partners. * Developing an integrated strategy to continue to increase spending, infrastructure and other opportunities in the Saugeen Ojibway Nation Territory and the Clean Energy Frontier region. * Undertaking transformation and innovation initiatives with Bruce Power to reduce the cost of electricity and contribute to Canada and Ontario's competitiveness by driving savings on life-extension and new build and ensuring safe, high quality, disciplined and affordable execution. "As President Trump continues to target Canadian workers and our economy, we challenged our nuclear sector and more than 100 companies are stepping up with a pledge to build more here at home," said Stephen Lecce, Minister of Energy and Mines. "This is Team Canada in action - strengthening our Made-in-Ontario nuclear supply chain, creating good-paying jobs and keeping investment and manufacturing on Canadian soil. At a time of unprecedented global uncertainty, we are driving Canada's economic sovereignty and ensuring Ontario's historic nuclear expansion creates lasting benefits for workers, businesses and communities." The Domestic Supply Chain Summit took place during the Organization of Canadian Nuclear Industries (OCNI) two-day event at Bruce Power Sept. 15-16, connecting nuclear suppliers directly with senior leadership, procurement professionals, and end users from utilities. Organized by Bruce Power's Made-in-Canada Council, it supported Bruce Power's broader Canadian at its Core commitment, which includes leveraging the company's extensive supply chain network to support Canada's economic growth agenda while identifying new opportunities to strengthen domestic capacity and competitiveness. "Bruce Power is fully committed to providing opportunities for Canadian workers, suppliers, Indigenous partners and ratepayers," said James Scongack, Chief Operating Officer and Executive Vice-President, Operational Services, Bruce Power. "Our made-in-Canada nuclear industry has long been a world leader and there's an exciting future ahead." It also aligned with the federal government's Invest Canada Summit, Sept. 14-15 in Toronto, highlighting the importance of private-sector investment and collaboration in advancing Canada's economic priorities. Bruce Power's life-extension program continues to generate significant investment and employment opportunities across Ontario and Canada. Looking ahead, potential opportunities associated with the proposed Bruce C Project would further expand demand for Canadian manufacturing, construction, engineering and technology expertise. Bruce Power's ongoing operations and Life-Extension Program create and sustain approximately 27,000 direct and indirect jobs annually across Ontario and Canada. According to the Ontario Chamber of Commerce, the proposed Bruce C Project would contribute nearly $238 billion to Canada's Gross Domestic Product (GDP) over its 80-year lifespan, including more than $217 billion to Ontario's GDP. Bruce C would support an average of 18,900 jobs annually during construction and more than 6,700 jobs annually during operations, creating long-term careers in trades, engineering, manufacturing, technology, and skilled professions. About Bruce Power. Bruce Power is an electricity company based in Bruce County, Saugeen Ojibway Nation Territory, Ontario. Bruce Power is powered by its people. Its 4,200 employees are the foundation of its accomplishments and are proud of the role they play in safely delivering clean, reliable nuclear power to families and businesses across the province and cancer-fighting medical isotopes around the world. Bruce Power has worked hard to build strong roots in Ontario and is committed to protecting the environment and supporting the communities in which Bruce Power live. Formed in 2001, Bruce Power is a Canadian-owned partnership of TC Energy, OMERS, the Power Workers' Union and The Society of United Professionals. Learn more at www.brucepower.com and follow Bruce Power on Facebook, X, LinkedIn, Instagram, and YouTube.

Kincardine Record
Sep 18th, 2026
Bruce Power proud to support and celebrate Bruce County IPM, Sept. 22-26.

Bruce Power proud to support and celebrate Bruce County IPM, Sept. 22-26. Where else could you see cowgirls, lumberjacks, square-dancing tractors and plowing competitions, all in the same venue? As excitement builds for this year's International Plowing Match and Rural Expo (IPM), in Bruce County, Sept. 22-26, Bruce Power is proud to reaffirm its support as a major sponsor of the event and encourages residents, employees and visitors from across Ontario to attend this historic celebration. The 107th edition of one of Ontario's most celebrated rural events takes place on a huge plot of land, 800 acres, west of Walkerton. The IPM returns to the same site where it was held in 1976 and 1993, and marks the 50th anniversary of the first IPM in Bruce County. Thousands of visitors are expected to attend the five-day event, which will feature world-class plowing competitions, parades, concerts, demonstrations, agricultural showcases, a vibrant tented city of exhibitors and vendors, and countless opportunities to experience the people, businesses and communities that make Bruce County unique. Bruce Power announced a $150,000 contribution to support the IPM and has been a long-time Platinum Sponsor, reflecting its commitment to the agricultural community and rural Ontario. "This event is an incredible opportunity to showcase everything that makes Bruce County such a special place to live, work and visit - as we celebrate Ontario's inaugural Rural Ontario Week," said Huron-Bruce MPP Lisa Thompson, minister of rural affairs. "As we celebrate the 50th anniversary of Bruce County's first International Plowing Match, I encourage everyone to take part and experience the pride, innovation and community spirit that define our region. Thank you to Bruce Power for its continued leadership and support in helping make this event a success." "The International Plowing Match brings together the very best of rural Ontario, and there is no better place to host this landmark event than right here in Bruce County," said Bruce Power's Chad Richards. "Bruce Power is proud to support the IPM as a sponsor and community partner, and we invite everyone to come and experience the energy, hospitality and agricultural excellence that make this region so remarkable. The 50th anniversary celebration will be a once-in-a-generation event that you won't want to miss." "Hosting the International Plowing Match and Rural Expo is an opportunity to showcase our communities, support local businesses, celebrate our agricultural roots and create a lasting legacy across Bruce County," said Gord Lang, IPM chairman. "The economic benefits from welcoming thousands of visitors will be felt throughout the region and proceeds from the event will be re-invested in communities across the county."

Durham College
Sep 17th, 2026
Durham College joins Canadian Nuclear Association to support Canada's energy workforce.

Durham College joins Canadian Nuclear Association to support Canada's energy workforce. Posted on September 17, 2026 at 10:22 am. Durham College (DC) has joined the Canadian Nuclear Association (CNA) as an affiliate member, strengthening its role in preparing the skilled professionals needed to support Canada's growing nuclear sector and providing new opportunities for collaboration with industry leaders on education, skills development, and long-term workforce planning. DC supports the development of the expertise and skills needed across clean energy through specialized academic programs, corporate training, applied research, and immersive learning experiences. The membership complements DC's leadership role in the Canadian Clean Energy Workforce Consortium and builds on long-standing partnerships with organizations including Ontario Power Generation, Bruce Power, Ontario Tech University, and a broad network of regional nuclear suppliers. "Education has an important role to play in preparing people with the skills employers need today and into the future," said Robin Young, Executive Director, Business and Workforce Development, Corporate Training Services at DC. "Our partnerships with industry allow us to respond quickly to changing workforce demands and create learning opportunities that connect students and professionals with meaningful careers. Joining the Canadian Nuclear Association strengthens those connections so we can contribute to the future of the sector." As part of the CNA membership, Young will serve on the CNA Workforce Planning Advisory Council, bringing the college's expertise to national discussions on future skills needs and workforce planning. "We are pleased to welcome Durham College as an Affiliate Member of the Canadian Nuclear Association," said George Christidis, President and CEO, CNA. "As Canada's nuclear sector continues to grow, partnerships with leading educational institutions are essential to building the skilled workforce needed to support the industry's future. We look forward to working with Durham College to strengthen talent development and help prepare the next generation of nuclear professionals." Through this partnership, Durham College looks forward to helping strengthen Canada's nuclear workforce and contributing to a skilled, adaptable talent pipeline that will support the sector's continued growth.

MarShield
Sep 15th, 2026
MarShield at OCNI Nuclear Industry Day 2026.

MarShield at OCNI Nuclear Industry Day 2026. MarShield - Radiation Shielding Products - Div. of Mars Metal Co. is proud to announce that MarShield will be exhibiting at OCNI Nuclear Industry Day 2026, hosted by the Organization of Canadian Nuclear Industries (OCNI) alongside Bruce Power and Ontario Power Generation (OPG). Over the two-day event, executives and operational staff from both companies will be meeting with nuclear suppliers to explore opportunities to further Canada's nuclear supply chain. This is exactly the kind of event MarShield loves to show up for: where collaboration between suppliers and nuclear operators leads to real change. What the event means for Canada's nuclear energy supply chain. Canada's nuclear energy industry is in a period of exceptional growth. Refurbishment projects and new-build reactors need suppliers at the table early, not just responding to RFPs after decisions are already made. OCNI Nuclear Industry Day puts MarShield in the room with the decision-makers at Bruce Power and OPG who are deciding where the industry goes next. Whether Canada's supply chain can keep pace with rapid growth depends on this level of direct engagement from suppliers. Bringing 45+ years of experience to Bruce Power. For over 45 years, MarShield has been shielding people, equipment, and the environment from radiation exposure. During that time, MarShield - Radiation Shielding Products - Div. of Mars Metal Co. has built a reputation as one of the most trusted names in nuclear energy radiation shielding. Its custom-engineered solutions have been implemented in nuclear power plants and research facilities across North America and globally. Its credibility as a nuclear supplier lies in its: * Custom-engineered radiation shielding solutions designed around each facility's unique spatial, operational, and performance requirements. * Deep regulatory and compliance expertise, backed by CSA N299.3-16 and ISO 9001:2015 certifications and providing documentation for all of its solutions. * Proven durability, built to perform reliably under sustained radiation exposure with minimal maintenance and downtime. * Extensive range of shielding products, including lead bricks, lead-lined cabinets, nuclear storage products, lead-pours, borated polyethylene, and more to suit diverse facility needs. * Lifecycle partnership, from initial consultation through installation, maintenance, and long-term support. With this track record, MarShield - Radiation Shielding Products - Div. of Mars Metal Co. is ready to bring its expertise to the conversations happening at Bruce Power this September. Meet MarShield - Radiation Shielding Products - Div. of Mars Metal Co. at OCNI Nuclear Industry Day. Representing MarShield at OCNI Nuclear Industry Day 2026 will be Syed Abidi, Director of Business & Product Development, and Raj Singh, Business Development Executive. They'll be on-site at Bruce Power to talk with utility leaders, procurement teams, and fellow suppliers about how MarShield's expertise can support current and upcoming nuclear projects. Don't miss your chance to hear about how shielding is developing alongside the industry, and connect with the MarShield team to ensure total compliance in nuclear facilities. Frequently asked questions about nuclear energy radiation shielding. What makes radiation shielding for nuclear facilities different from other industries? Nuclear facilities operate under some of the most rigorous safety and regulatory standards of any industry, and shielding must perform reliably under sustained, high-intensity radiation exposure over decades, not just meet a one-time compliance check. That's why nuclear shielding solutions are typically custom-engineered to a facility's specific layout, radiation source, and operational requirements, rather than built from standardized, off-the-shelf products. How do I know if a shielding supplier meets Canadian nuclear safety standards? Look for certifications specific to the nuclear sector, such as CSA N299.3-16, alongside broader quality management standards like ISO 9001:2015. A reputable supplier should be able to provide full documentation and testing data for every solution, not just claim compliance. What types of nuclear radiation shielding products are available? MarShield offers a wide range of radiation shielding products engineered to meet the needs of nuclear facilities, from permanent structural shielding to portable and storage solutions. Its proven solutions include:

Bayshore Broadcasting
Sep 10th, 2026
Bruce Power raises $800M in green bonds for nuclear refurbishment

Bruce Power has completed an $800-million green bond offering through private placement, which closed on 3 September. This marks the nuclear operator's sixth green bond issuance since 2021, bringing its total raised to $4.1 billion. The funds will support Bruce Power's Life-Extension Program and Project 2030, which aim to preserve emissions-free electricity generation whilst meeting Ontario's growing energy demands. The company is currently undertaking a Major Component Replacement project to refurbish Units 3 through 8 reactors by 2033. Unit 6 returned to service in 2023, and Unit 3 came back online in June. Bruce Power reports that Unit 4's major component replacement is progressing ahead of schedule.

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