Filter by tags: Fortum Clear all tag filters
28 news articles found
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.
- Source: World Nuclear News
- Date: Friday, 18 December 2020
- Original article: world-nuclear-news.org/Articles/TVO-receives-further-shareholder-loan-commitment
Swedish power company Vattenfall, which participated in the feasibility study for the construction of a small modular reactor (SMR) in Estonia, has signed an agreement to intensify cooperation with Fermi Energia.
- Source: NEI Magazine
- Date: Friday, 04 December 2020
- Original article: neimagazine.com/news/newsfermi-energia-and-vattenfall-to-co-operate-on-smrs-8391666
Swedish utility Vattenfall and Estonia's Fermi Energia have signed a Letter-of-Intent to further expand their cooperation on small modular reactors (SMRs). For the past year Vattenfall has participated in a feasibility study by Fermi Energia to explore the possibilities for the deployment of such reactors in Estonia.
- Source: World Nuclear News
- Date: Tuesday, 01 December 2020
- Original article: world-nuclear-news.org/Articles/Vattenfall-extends-SMR-cooperation-with-Fermi-Ener
Mitigating climate change to sustainable levels requires strong changes in society, VTT Technical Research Centre of Finland said in a press release on 23 September, in which it announced a new project to develop business opportunities around small modular reactors.
- Source: NEI Magazine
- Date: Friday, 25 September 2020
- Original article: neimagazine.com/news/newsnew-innovation-and-business-network-boosts-finnish-smr-expertise-8147977
US-based risk investor Last Energy has made an undisclosed investment in Fermi Energia, which is planning to build a small modular reactor (SMR) in Estonia.
- Source: NEI Magazine
- Date: Friday, 19 June 2020
- Original article: neimagazine.com/news/newsus-based-last-energy-invests-in-estonian-smr-project-7981162
The agreement gives VTT access to Fortum’s experience in nuclear power plant operation and nuclear waste management. Fortum will draw up the plans, dismantle the reactor and dispose of any nuclear waste. VTT is responsible for the safety of the reactor, the laboratory and the decommissioning process.
VTT has already applied to the Finnish government for permission to decommission the reactor and expects to get the go-ahead before the end of 2020. All of the spent nuclear fuel must be removed from the premises before the reactor can be dismantled.
VTT’s goal is to return the fuel to the US, which supplied the fuel in the first place. An alternative is to use an interim storage facility until a geological disposal site is available in Finland. The dismantling process is scheduled for the years 2022–2023.
The FIR 1 research reactor was commissioned in 1962 and operated until 2015. It has played a role in the study of lunar rocks, gold prospecting and cancer treatments and, most importantly, served as a nuclear energy education and research tool.
- Source: Nucnet
- Date: Friday, 10 April 2020
- Original article: nucnet.org/news/vtt-and-fortum-sign-agreement-to-decommission-fir-1-research-reactor-4-4-2020
Swedish utility Vattenfall said on 18 March that it was joining the Estonian pilot study on small modular reactors (SMRs).
- Source: NEI Magazine
- Date: Tuesday, 24 March 2020
- Original article: neimagazine.com/news/newsvattenfall-joins-estonian-smr-study-7833460
Swedish utility Vattenfall is participating in a study on the deployment of small modular reactors (SMRs) in Estonia. In January, Estonia's Fermi Energia signed Memoranda of Understanding with Finnish power company Fortum and Belgian engineering firm Tractebel to cooperate on the study.
- Source: World Nuclear News
- Date: Friday, 20 March 2020
- Original article: world-nuclear-news.org/Articles/Vattenfall-involved-in-Estonian-study-on-SMRs
The VTT Technical Research Centre in Finland announced that it has started the development of a small modular reactor (SMR) for district heating in Finland.
- Source: NEI Magazine
- Date: Friday, 28 February 2020
- Original article: neimagazine.com/news/newsfinland-focuses-on-smrs-for-district-heating-7796869
Finnish company Fortum has signed agreements with two investment companies to buy a further stake in Uniper for 2.3 billion ($2.5 billion).
- Source: NEI Magazine
- Date: Thursday, 10 October 2019
- Original article: neimagazine.com/news/newsfortum-to-increase-its-stake-in-uniper-7445053