The Globe and Mail reports in its Friday edition that SNC-Lavalin Group (now AtkinsRéalis) and the federal government have reached a deal both say will accelerate development of a large new nuclear power reactor called the Monark, part of a flurry of new reactor models announced around the world as governments shop for low-emission methods of generating electricity. The Globe's Matthew McClearn writes that the Montreal-based company announced Thursday that it had signed a memorandum of understanding with Atomic Energy of Canada Ltd. (AECL), a federal Crown corporation, concerning intellectual property rights. If built, the Monark would be the largest-ever variant of Canada's homegrown Candu reactor, though it is in early development and would require regulatory approval and a willing buyer before construction. AECL developed Candu designs between the 1950s and 2011, when the federal government sold its reactor business to SNC-Lavalin. Under an intellectual property licensing agreement signed at that time, the federal government retained all intellectual property rights to the Candu. AtkinsRéalis licensed the technology. The two parties will also work together to identify potential international markets for Candus.