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Nordic power company Fortum and stainless-steel producer Outokumpu have signed a memorandum of understanding (MOU) to explore the decarbonisation of Outokumpu’s steel manufacturing operations using emerging nuclear technologies, such as small modular reactors (SMRs).

Source: NEI Magazine
Date: Wednesday, 29 March 2023
Original article: neimagazine.com/news/newsfortum-and-outokumpu-to-use-smrs-to-decarbonise-steel-production-10708375

Possible reactor location is large mill in north of country Fortum said one possible location for a reactor is Outokumpu’s largest steel mill near Tornio. Courtesy Outokumpu. Finland-based energy company Fortum and stainless steel manufacturer Outokumpu have signed a memorandum of understanding to explore the decarbonisation of Outokumpu’s operations with emerging nuclear technologies such as small modular reactors.

The agreement begins what Fortum said would be “a long-term process” with the aim to assess potential construction of SMRs in Finland.

One possible option for the location would be Tornio region in northern Finland, where Outokumpu’s largest mill is situated.

In the first phase, the goal is to identify potential business models and technical solutions for further development. Any potential investment decisions will be made at a later stage, Fortum said.

“Decarbonising heavy industries is a prerequisite for reaching carbon-neutrality in Europe and this requires significant amounts of clean energy,” Fortum president and chief executive officer Markus Rauramo said.

Source: Nucnet
Date: Saturday, 25 March 2023
Original article: nucnet.org/news/fortum-signs-mou-with-outokumpu-to-explore-smrs-for-steel-decarbonisation-3-5-2023

Finnish power company Fortum and Rolls-Royce SMR have signed a memorandum of understanding (MOU) to explore opportunities for the deployment of small modular reactors (SMR) in Finland and Sweden. In October, Fortum began a two-year feasibility study to explore prerequisites for new nuclear. As part of the study, Fortum is examining commercial, technological, political, legal and regulatory, conditions both for small modular reactors (SMRs) and conventional large reactors in Finland and Sweden.

Source: NEI Magazine
Date: Friday, 24 March 2023
Original article: neimagazine.com/news/newsfortum-and-rolls-royce-consider-smr-deployment-in-finland-and-sweden-10697102

US micro reactor developer Last Energy has announced power purchase agreements for 34 units of its plants with four industrial partners across Poland and the UK. Meanwhile, Finland's Fortum is collaborating with Outokumpu to explore the use of small modular reactors (SMRs) to power its steel manufacturing operations.

Source: World Nuclear News
Date: Friday, 24 March 2023
Original article: world-nuclear-news.org/Articles/Industrial-users-eye-small-reactors-for-power-supp

Agreement part of feasibility study into opportunities for SMRs The Rolls-Royce SMR is capable of generating 470 MW of low-carbon electricity for at least 60 years. Courtesy Rolls-Royce. Nuclear operator Fortum and UK-based Rolls-Royce SMR have signed a memorandum of understanding to explore opportunities for the deployment of small modular reactors in Finland and Sweden.

The agreement is part of Fortum’s new build feasibility study exploring the prerequisites for new nuclear in Finland and Sweden.

Laurent Leveugle, Fortum’s head of new build feasibility study, said the company is especially interested in learning more about Rolls-Royce SMR’s delivery model. “Any potential investment decision will be made at a later stage,” he said.

Rolls-Royce SMR was established in November 2021 to bring Rolls-Royce’s factory-built SMR to market. The company said the plant is capable of generating 470 MW of low-carbon electricity for at least 60 years.

Source: Nucnet
Date: Wednesday, 22 March 2023
Original article: nucnet.org/news/company-signs-mou-with-rolls-royce-on-possible-reactors-in-finland-and-sweden-3-2-2023

Britain's Rolls-Royce SMR has signed memorandums of understanding (MoUs) to explore the deployment of its small modular reactor (SMR) in Finland and Sweden, as well as to help post-war recovery in Ukraine.

Source: World Nuclear News
Date: Wednesday, 22 March 2023
Original article: world-nuclear-news.org/Articles/Finland,-Sweden-and-Ukraine-consider-Rolls-Royce-S

The Finnish government has granted a new operating licence for both units at Fortum’s Loviisa NPP until the end of 2050. “Continuing production at Loviisa is above all an investment in providing the power Finnish society needs to meet its ambitious climate targets,” said Fortum’s President & CEO Markus Rauramo. “Decarbonisation of our industries requires large volumes of clean and reliable electricity that cannot be covered by new additional and intermittent sources only. At the same time, nuclear… is also a key enabler for growth of wind and solar in the Nordic power system.”

Source: NEI Magazine
Date: Wednesday, 22 February 2023
Original article: neimagazine.com/news/newsloviisa-npp-granted-licence-until-2050-10612751

The Finnish government has granted Fortum an extension to the operating licence for the two-unit Loviisa nuclear power plant, allowing the plant to continue generating power until the end of 2050.

Source: World Nuclear News
Date: Saturday, 18 February 2023
Original article: world-nuclear-news.org/Articles/Fortum-granted-licence-extension-for-Loviisa

Finland’s Radiation and Nuclear Safety Authority (STUK - Säteilyturvakeskus) has approved continued operation of Loviisa NPP units 1&2. STUK informed the Ministry of Economic Affairs & Employment that Fortum Power & Heat Oy has demonstrated that it is able to continue operating both units safely even after the expiry of the current licence period. Fortum has applied for a new operating licence for both units until 2050 and these will be issued by the Ministry on STUK’s recommendation. The current operating licences of will expire in 2027 and 2030.

Source: NEI Magazine
Date: Wednesday, 01 February 2023
Original article: neimagazine.com/news/newsfinnish-regulator-approves-licence-extensions-for-loviisa-npp-10558453

Stuk says two-unit VVER station safe for long-term operation Loviisa, about 100 km east of Helsinki, provides more than 10% of the country’s electricity. Courtesy Fortum. The Finnish Radiation and Nuclear Safety Authority (Stuk) has given a positive safety review for a proposed operating lifetime extension of the two-unit Loviisa nuclear power station until 2050.

Stuk said it has given the green light to Finland’s economic ministry which is to grant a final permit to owner Fortum to continue the operation of two VVER-440 pressurised water reactor units at the Loviisa site after their current licenses expire in 2027 and 2030.

The government is expected to issue final decision on the operating licence extensions in early 2023, Fortum said.

In March 2022, Fortum said it would submit a lifetime extension application to the Finnish government.

Loviisa, about 100 km east of the capital Helsinki, was the first commercial nuclear power facility in Finland and according to Fortum provides more than 10% of the country’s electricity.

Source: Nucnet
Date: Saturday, 28 January 2023
Original article: nucnet.org/news/regulator-gives-greenlight-to-loviisa-operation-until-2050-1-5-2023

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