Feasibility Study Into New Nuclear Launched In The Nordic Countries

The Finnish company Fortum is launching a two-year feasibility study to explore prerequisites for new nuclear.

As part of the study, Fortum will examine commercial, technological and societal, including political, legal and regulatory, conditions both for small modular reactors (SMRs) and conventional large reactors. The study’s geographic focus is Finland and Sweden, countries where Fortum has also a share in nuclear plants at Olkiluoto, Oskarshamn and Forsmark.

The goals of energy independence, security of supply and carbon neutrality are challenges facing our entire society. We want to find out under which conditions we could meet them with nuclear power generation, which is known to be reliable and CO2-free

says Simon-Erik Ollus, Executive Vice President, Generation Division at Fortum.

Fortum said ventures in the nuclear industry will most likely involve β€œpartnership constellations”. These partnerships might be formed between nuclear generating and district heating companies, industrial off-takers of power and heat, nuclear utilities or startup companies and established utilities with nuclear experience.

The feasibility study will also explore the potential for service business offerings for new projects in Europe and hydrogen for industrial applications, Fortum said.

Read the full Fortum Press Release.