The European Investment Bank Agrees to Fund SMR Project for the First Time Last week, the European Investment Bank (EIB) agreed to invest up to EUR 40 million in Finnish company Steady Energy’s LDR-50 reactor between 2026 and 2028. The funding is intended to support Steady Energy’s research and development, testing and licensing activities as it…
Nuclear Energy Public Support Remains at All-Time High in Finland A new survey published at the end of April by Energiateollisuus ry (Finnish Energy) shows that 66% of Finns now have a positive view of nuclear power, while only 8% view it negatively. This places the current approval rating among the highest ever recorded since…
TVO – A Quarter of Finnish Electricity in 2025 Was Produced in Olkiluoto Teollisuuden Voima Oyj (TVO, ENS Corporate Member) announced that, in 2025, a total of 23.41 TWh of electricity was produced at the Olkiluoto nuclear power plant. The amount equals about a quarter of the Finnish electricity consumption. In particular, the newest plant…
TVO and the European Investment Bank Agree on Financing the Olkiluoto Investment Project Teollisuuden Voima Oyj (TVO, ENS Corporate Member) and the European Investment Bank (EIB) have signed a new loan agreement worth EUR 90 million to finance the investment project for the Olkiluoto 1 (OL1) and Olkiluoto 2 (OL2) plant units. Over the coming…
Tractebel To Support Steady Energy Developing LDR-50 SMR Tractebel (ENS Corporate Member) signed a contract with Finnish technology developer Steady Energy to provide engineering services to develop Steady Energy’s LDR-50 SMR, aimed at providing clean district heating and industrial steam. Steady Energy has already struck agreements for 15 reactors in Finland and is expanding to…
Support For Nuclear Energy Remains Strong In Finland The support for nuclear energy as a reliable and safe low-carbon source of energy remains high in Finland. A new survey by Verian, commissioned by Finnish Energy, reports that 61 % of respondents are in favour of nuclear power and only 9 % against. The current approval…
Olkiluoto Hit New Production Record In 2023 In 2023, the Olkiluoto nuclear power plant produced a total of 24.67 TWh of low-carbon electricity, representing 31 % of the electricity consumed in Finland. TVO (Teollisuuden Voima Oy, ENS Corporate Member) declared that this is the highest production volume ever in the history of the site. The…
Safety And Efficiency Through International Assessments This article has been published on the website and on the latest publication of the Finnish Nuclear Society – ATS (ENS Member Society) on 8 November 2023. ENS thanks ATS President, Markus Airila, and the author, Mr. Petteri Tiippana, for their courtesy and availability to share the contribution. Petteri…
TVO Working On Extending Operating Licences At Olkiluoto NPP Teollisuuden Voima Oyj (TVO, ENS Corporate Member) has initiated an environmental impact assessment procedure (EIA) concerning the possible operating licence extension by at least 10 years and potential power uprating of the Olkiluoto-1 and Olkiluoto-2 plant units. At the moment, the plant units are licensed until…
New Robotics Equipment Tested in ONKALO Repository Last June, a research team led by the Swiss robotics company ANYbotics visited Finland to test the functionality of its ANYmal robot in underground facilities. The four-legged robot, named Donkey, has been designed for autonomous operation in challenging environments, so it has been put through its paces at…