Latest News

Filters

Filter by tags: Fortum Clear all tag filters

38 news articles found

Polish chemicals group Synthos and petrochemical firm PKN Orlen have agreed to cooperate on micro modular reactors (MMRs) and small modular reactors (SMRs). Under an agreement announced today, both companies will jointly carry out research and explore the feasibility of deploying such reactors at Orlen's production plants in Poland.

Source: World Nuclear News
Date: Wednesday, 30 June 2021
Original article: world-nuclear-news.org/Articles/Polish-industrial-firms-team-up-for-small-reactor

Swedish state-owned energy company Vattenfall has signed an agreement with the Estonian nuclear energy start-up company Fermi Energia in order to become a minority shareholder of the company with a seed investment of EUR1 million (USD1.2 million). Fermi Energia is studying the deployment of small modular reactors (SMRs) in Estonia.

Source: World Nuclear News
Date: Wednesday, 02 June 2021
Original article: world-nuclear-news.org/Articles/Vattenfall-takes-minority-stake-in-Fermi-Energia

Swedish utility takes 6% stake, saying SMRs look ‘very promising’ for Baltic country The investment agreement was signed between Torbjörn Wahlborg, senior vice-president generation at Vattenfall and Kalev Kallemets, CEO of Fermi Energia. Image courtesy Vattenfall. Vattenfall has signed an agreement with the Estonian nuclear energy startup Fermi Energia to become a minority shareholder in the company with a seed investment of €1m.

The investment follows a November 2020 announcement that Vattenfall had extended its cooperation with Fermi Energia by signing a letter of intent to explore the possibilities for small modular reactor deployment in Estonia.

The Swedish utility, which owns 10 nuclear reactors in Sweden and Germany, said it has now accepted the opportunity to become a minority shareholder of approximately 6% ownership.

“With this minority investment, Vattenfall can contribute our know-how and work jointly on feasibility studies about costing, supply chain and capabilities to construct and operate small modular reactor technology,” Vattenfall senior vice-president generation Torbjörn Wahlborg said.

Source: Nucnet
Date: Tuesday, 01 June 2021
Original article: nucnet.org/news/vattenfall-agrees-to-become-minority-investor-in-fermi-energia-nuclear-startup-5-1-2021

Excavation of the first final disposal tunnel has started at the Onkalo underground used nuclear fuel repository near Olkiluoto, Finnish radioactive waste management company Posiva Oy announced today. The repository - the first in the world for used fuel - is expected to begin operations in the mid-2020s.

Source: World Nuclear News
Date: Saturday, 08 May 2021
Original article: world-nuclear-news.org/Articles/First-disposal-tunnel-under-construction-at-Finnis

The valve housing was supplied by Neles Oy and installed at Olkiluoto nuclear station by TVO. Courtesy Neles Oy. Finnish power companies and nuclear operators Teollisuuden Voima Oyj and Fortum have carried out a joint test of the first valve featuring a 3D printed housing at the Olkiluoto nuclear power station in Finland.

The valve housing was supplied by Neles Oy and installed at Olkiluoto by TVO, which owns and operates two boiling water reactor units at Olkiluoto.

The actual valve inside the 3D printed housing is a standard T5-series ball valve of stainless steel. The size of the valve housing is 20cm x 40cm, but the printer is the size of an SUV.

TVO said in a statement that the 3D printed valve housing, and other 3D components that might become available in the future, offer an alternative in a situation where the number of suppliers for nuclear power plants is being reduced. “This gives us the possibility to produce a unique component by printing it ourselves, said the company’s life cycle management engineer Dino Nerweyi.

Source: Nucnet
Date: Thursday, 06 May 2021
Original article: nucnet.org/news/nuclear-utilities-cooperate-on-first-test-of-valve-with-3d-printed-housing-5-3-2021

US-based GE Hitachi Nuclear Energy (GEH) and Estonia’s Fermi Energia have advanced their technology collaboration by entering into a teaming agreement to support the potential deployment of a BWRX-300 small modular reactor (SMR) in Estonia, GEH said on 8 March.

Source: NEI Magazine
Date: Thursday, 11 March 2021
Original article: neimagazine.com/news/newsgeh-and-fermi-energia-strengthen-collaboration-on-smr-development-8588532

The UK's Rolls-Royce and Estonia's Fermi Energia have signed a Memorandum of Understanding to study the potential for the deployment of small modular reactors in the Baltic country. The study will cover all aspects of deployment, including grid suitability, cooling, emergency planning, human resources, licensing feasibility, economics and the supply chain.

Source: World Nuclear News
Date: Friday, 05 March 2021
Original article: world-nuclear-news.org/Articles/Rolls-Royce,-Fermi-Energia-to-study-SMR-potential

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).

Source: NEI Magazine
Date: Friday, 19 February 2021
Original article: neimagazine.com/news/newsestonias-fermi-energia-seeks-1m-to-launch-smr-planning-procedure-8532118

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.

Source: Nucnet
Date: Thursday, 11 February 2021
Original article: nucnet.org/news/fermi-energia-raising-capital-to-begin-smr-licensing-process-2-3-2021

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.

Source: World Nuclear News
Date: Thursday, 11 February 2021
Original article: world-nuclear-news.org/Articles/No-time-to-waste-in-Estonian-SMR-deployment-confer

Load more news