Latest News

Filters

Filter by tags: Fortum Clear all tag filters

33 news articles found

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

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

Load more news