CEO Ian Edwards Declares Nuclear Supercycle, Sending AtkinsRéalis Soaring
A Canadian nuclear heavyweight surges as global demand ignites a new era in clean, reliable power.
Editorial Team (ET)November 14, 2025
Momentum is once again shifting in favor of nuclear energy and no company feels the tailwind more than AtkinsRéalis Group. The Montreal headquartered engineering giant saw its stock climb sharply after CEO Ian Edwards openly embraced what he called a global nuclear supercycle. Investors didn’t hesitate. Shares surged more than four percent on the day and gained as much as seven percent in early trading as markets digested stronger than expected financial results and a bullish long term outlook.
AtkinsRéalis which carries the legacy of SNC Lavalin has transformed itself into a global force in nuclear engineering. As the exclusive licensee of CANDU reactor technology the company sits at the center of Canada’s most important energy export. That legacy quietly runs deep. Decades of collaboration with India Korea China Romania and Argentina have created long term relationships that still generate engineering work service contracts and new opportunities as countries look to expand or modernize their nuclear fleets.
The Surge in Nuclear Demand
Ian Edwards didn’t mince words when discussing the shift underway in global energy markets. The whole industry is really in this supercycle he told analysts. And the numbers back up his confidence. The company’s nuclear division posted a massive sixty one point seven percent year over year increase in revenue in the third quarter. That jump came from a combination of new international service contracts reactor refurbishment work and growing early stage design studies for next generation nuclear projects.
Edwards’ message struck at a time when governments around the world are scrambling to secure reliable baseload electricity as the grid becomes more strained by electrification artificial intelligence data centers and decarbonization commitments. Nuclear power which once faced political hesitation is now entering a renaissance. Canada the United States the European Union and emerging markets are all revising their energy strategies to include more nuclear capacity both large scale reactors and the rising wave of small modular reactors.
Against that backdrop AtkinsRéalis sits in an enviable position. Its CANDU fleet offers one of the world’s most proven reactor designs capable of running on natural uranium without enrichment. That feature alone is becoming strategically valuable as geopolitics draw sharper lines through critical mineral supply chains and uranium enrichment capacity increasingly becomes a national security issue.
