Tech Company Financing Transactions
ARC Clean Energy Canada Funding Round
Province of New Brunswick participated in a $24 million Series A capital raise for ARC Clean Energy Canada. The round was announced on 4/4/2022.
Transaction Overview
Company Name
Announced On
4/4/2022
Transaction Type
Venture Equity
Amount
$24,000,000
Round
Series A
Investors
Proceeds Purpose
This financing will progress the deployment of Canada's first commercial grid-scale aSMR at the Point Lepreau Nuclear Generating Station (PLNGS) site, owned by the provincial utility, New Brunswick Power (NB Power). It also sets the stage for further milestone achievements which will unlock additional funding from the province.
Company Information
Company Status
Private & Independent
Industry
Clean Tech
Mailing Address
Brunswick Square, 1 Germain Street Suite 900
Saint John, NB E2L 4V1
Canada
Saint John, NB E2L 4V1
Canada
Phone
Website
Email Address
Overview
ARC Clean Energy Canada Inc. (ARC Canada) is a clean energy technology company developing the ARC-100, an advanced small modular reactor (SMR) offering inherently safe, reliable, and economical carbon free power that deals with waste. ARC Canada has established its Head Office in Saint John, New Brunswick with a goal of promoting business and economic development within Canada.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Donald Wolf
Chief Executive Officer
Norman Sawyer
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