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Start-up nuclear energy company Fermi Energia on 16 February announced an initial investment round for a proposed reactor in Estonia, saying it will file a planning application later this year, ETV news show "Aktuaalne kaamera" (AK) reported. The new call for funding aims to complete a series of investments of €2.5 million ($3m) required to formally launch the planning project for deployment of a small modular reactor (SMR).

Date: Friday, 19 February 2021
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Company looking to collect €2.5m on crowdfunding platform Funderbeam GE Hitachi BWRX-300 is one of several candidates Fermi Energia is evaluating for Estonia's first SMR NPP. Image courtesy Fermi Energia. Estonia-based energy startup Fermi Energia has announced a new call for funding in an effort to complete a €2.5m series needed to start the official planning project for the deployment of a small modular reactor in the Baltic country.

The company said in a statement that it needs to apply to the government to begin the “designated spatial planning process”. This pricess will analyse the building of a SMR from an environmental, societal, economic and national security perspective, and determine the potential locations for the power plant.

Fermi said it has financed all preparatory activities to date with total funding worth €560,000 from Estonian private investors and US venture capital fund Last Energy VC.

The company is now looking to collect another €1M public funding through the crowdfunding platform Funderbeam to form a part of a total €2.5m.

Date: Wednesday, 17 February 2021
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Partially used irradiated fuel from the Finnish Reactor 1 (FiR1) in Espoo, Finland, has been transported to the USA for use in a similar TRIGA Mark II research reactor operated by the US Geological Survey in Denver, Colorado. Dismantling of the Finnish reactor, which was shut down in 2015, is scheduled to begin at the end of 2022.

Date: Friday, 12 February 2021
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Declaration signed at virtual conference calls for reactor deployment in Europe by 2030s Fermi Energia chief executive Kalev Kallemets (above left) told the conference the commpany aims to apply to the government to start the planning process for an SMR in late 2021. Estonian company Fermi Energia is raising capital to start the official planning process for new generation small modular reactor units and has signed a declaration with eight other firms and organisations calling for deployment in Europe by the 2030s.

The declaration calls for “a pragmatic approach” to SMR licensing to overcome licensing and regulatory challenges and reduce SMR project risk relating to nuclear regulation and the licensing process. It says SMR design standardisation must be facilitated “to the greatest extent possible”.

“In developing or updating the regulatory framework applicable to SMRs, host country nuclear regulatory bodies should seek to facilitate regulatory harmonisation,” the declaration says. “Regulatory frameworks should be based on International Atomic Energy Agency safety standards and European Union nuclear safety directives should be implemented.”

SMR host countries should also consider compatibility with relevant vendor and reference plants.

The declaration was signed during a virtual conference on SMR deployment in Estonia by Fermi Energia, Finland’s Fortum, Tractabel of Sweden, Vattenfall of Belgium, Synthos of Poland, the Czech Republic CEZ Group, Nuclearelectrica of Romania, the e-Lise Foundation of the Netherlands and the 18for0 lobby group from Ireland.

Date: Thursday, 11 February 2021
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Estonia needs to put in place the necessary legislation and competencies if a small modular reactor (SMR) is to be in operation by 2035, speakers at a conference organised by Fermi Energia agreed yesterday. The Baltic country aims to stop generating electricity from oil shale by 2035, but has yet to officially launch a nuclear programme.

Date: Thursday, 11 February 2021
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Nuclear energy must be part of the European taxonomy in order to meet the objective of the Green Deal, thirteen trade unions representing energy and nuclear workers have told Ursula von der Leyen, president of the European Commission, in a joint letter. Exclusion of nuclear power will not only have a negative impact on the European nuclear industry but also on electricity-intensive industries, they said.

Date: Friday, 05 February 2021
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The challenges the nuclear industry faces are largely external and must be overcome if it is to help tackle the existential threat of climate change, panellists in the Nuclear Energy and its Future session of the Reuters Next conference on 11 January said. These challenges include: the notion nuclear is an out-dated technology; the cost of finance; market design; political changes; perceived competition with renewable energy; and the public's misconceptions about radioactive waste.

Date: Friday, 15 January 2021
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As policymakers grapple with the twin challenges of climate change and a post-COVID economic recovery, the benefits of nuclear power are clearer than ever, but the industry still has some way to go in addressing perceptions of its alleged drawbacks with cost, safety and radioactive waste. This was the overriding message of the three panellists in a webinar held last week by Utilities Middle East in partnership with Russian state nuclear corporation Rosatom.

Date: Friday, 01 January 2021
Original article:,-says-panel

Shareholders in Finnish utility Teollisuuden Voima Oyj (TVO) have signed an additional shareholder loan commitment for EUR400 million (USD490 million). With the new shareholder loan commitment, TVO said it prepares to maintain a sufficient liquidity buffer and equity ratio in order to complete the Olkiluoto 3 (OL3) EPR project.

Date: Friday, 18 December 2020
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