Bruce Power

Bruce Power

Private-sector nuclear power generator in Ontario

Overview

Bruce Power operates the Bruce Nuclear Generating Station in Tiverton, Ontario—the only private-sector nuclear power generator in Canada. It uses eight CANDU reactors to generate electricity and sells it to Ontario’s grid under a long-term fixed-price contract with the IESO. It also manufactures medical isotopes such as Cobalt-60 and Lutetium-177 and is pursuing a Life-Extension Program to extend operation to 2064 through Major Component Replacement for Units 3-8. Its ownership is a Canadian partnership of TC Energy, OMERS, the Power Workers’ Union, and The Society of United Professionals, with many employees also owning stakes, and its goal is to provide reliable, carbon-free electricity while expanding isotope production and preserving jobs.

Funded Recently
Significant Headcount Growth

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 & Manufacturing

Energy

Healthcare

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

  • Unit 3 returned in June 2026, seven months early, saving Ontario $150 million.
  • September 2026 brought another $800 million green bond, funding refurbishment and Project 2030.
  • CNSC approval for the hot cell in August 2026 strengthens Lu-177 output and margins.

What critics are saying

  • Bruce Power's reportable events page logged critical injury notices and safeguard interruptions in 2026.
  • Bruce C depends on federal impact assessment and CNSC licensing, delaying revenues until 2028 or later.
  • A prolonged Unit 3 or Unit 5 outage would threaten Ontario supply and Bruce Power's credibility.

What makes Bruce Power unique

  • Bruce Power combines Canada-only private nuclear generation with Ontario's 30% electricity supply, since 2001.
  • It is the first commercial reactor operator to produce Lu-177 and issue green bonds.
  • The 2026 hot-cell approval deepens an isotope platform tied to cancer therapy and sterilization.

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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.

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.

ETF Database
Sep 8th, 2026
Construction firms powering the Nuclear Renaissance.

Construction firms powering the Nuclear Renaissance. Investors usually focus on reactor developers and uranium miners when deciding on allocations for investing in the nuclear renaissance. A narrow view on the nuclear sector could result in missed opportunities for investment returns in nuclear-adjacent companies. Construction companies such as Fluor (FLR) and AtkinsRéalis (ATRL.CN) have active work spanning the nuclear value chain. These companies are seeing money from the nuclear renaissance today, compared to reactor developers that may not see meaningful income for years. Key takeaways. * Fluor (FLR) holds some of the most notable projects in the U.S., including construction of Centrus Energy's (LEU) enrichment facility in Ohio and X-energy's (XE) reactor plant in Texas. * AtkinsRéalis (ATRL.CN) is leading projects in Canada, with the GE Vernova (GEV) and Hitachi (6501.T) reactors in Darlington and major reactor refurbishment work in Ontario. * Investing in nuclear-adjacent companies with diversified revenue streams can help balance the risk of pre-revenue reactor development companies. Fluor transitions multiple projects from front-end engineering to steel in the ground. Fluor is working with some of the leading companies in the nuclear industry. With multiple projects underway, the company is expanding uranium enrichment capacity and building some of America's first advanced reactors. Centrus Energy (LEU) selected Fluor to serve as the lead contractor for expanding an enrichment facility in Ohio. The contract is part of a multi-billion dollar investment plan for increasing domestic enrichment capacity of uranium. Centrus was previously awarded $900 million from the Department of Energy to facilitate the expansion of that facility. Fluor is also working on the proposed reactor project in Texas with X-energy (XE) and Dow (DOW). X-energy is working with the Nuclear Regulatory Commission to receive approval for constructing four of their Xe-100 small modular reactors (SMRs). The reactors will be used to directly power a plant owned by Dow instead of powering the national electric grid. The VettaFi Nuclear Renaissance Index (NUKZX) includes companies such as Fluor and Centrus Energy to offer exposure to investors across the nuclear value chain. NUKZX also includes major supply chain partners to companies like X-energy, such as Curtiss-Wright (CW) and BWX Technologies (BWXT). AtkinsRéalis works with New construction and life extensions. AtkinsRéalis holds a significant footprint in the Canadian nuclear industry, with projects at both ends of the reactor lifecycle in Darlington and Ontario. Candu Energy, a wholly-owned subsidiary of AtkinsRéalis, was awarded a $450 million contract for the construction of four SMRs at the Darlington New Nuclear Project. The reactor for the project is the BWRX-300, a boiling water SMR with enough energy to power 300,000 homes each. The reactor was designed by a joint venture between GE Vernova (GEV) and Hitachi (6501:TKS). The Darlington project reached a recent major milestone with the installation of the 2.1-million-pound basemat module, the concrete foundation that supports the reactor structure. This served as a significant demonstration of the modular aspect of SMRs. Basemat construction for typical large reactors can take several days, whereas the basemat for the BWRX-300 was lowered into place in a matter of hours. The company is also involved in extending the life of reactors at the largest operating nuclear facility in the world, the Bruce Nuclear Generating Station. AtkinsRéalis is working with the facility owner and operator, Bruce Power, to extend the life of six reactors at the site to enable plant operation into the 2060s. All work completed on the reactors and supporting facilities so far has been done under budget and ahead of schedule. Industrials and construction broaden nuclear investment exposure. Uranium mining companies and reactor developers often attract the most attention from nuclear investors, especially on social media. However, investors should consider the companies that connect uranium ore in the ground to reactor operations. Construction companies such as Fluor and AtkinsRéalis participate across multiple technologies, locations, and stages of the nuclear life cycle. NUKZX, which serves as the underlying index for the Range Nuclear Renaissance Index ETF (NUKZ), offers more balanced exposure to the nuclear renaissance theme. NUKZX also includes companies that own and operate reactors, such as Constellation Energy (CEG), and uranium conversion facility operators such as Solstice Materials (SOLS).

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