Aecon Group Inc. (“Aecon”) announced that it has signed a teaming agreement with Fermi Energia AS (“Fermi Energia”) to advance cooperation on the development and deployment of GE Vernova Hitachi BWRX-300 Small Modular Reactor (“SMR”) technology in Estonia. “We are proud to partner with Fermi Energia as Estonia advances its SMR program in support of the energy transition. Aecon 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. It is a significant step forward towards our goal of delivering safe, reliable, and carbon-free nuclear energy for Estonia’s future,” says Kalev Kallemets, CEO, Fermi Energia. These forward-looking statements are based on currently available competitive, financial and economic data and operating plans but are subject to risks and uncertainties.