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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.

Date: Friday, 25 September 2020
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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.

Date: Friday, 19 June 2020
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Photo courtesy VTT. Finland-based research company VTT and utility Fortum have agreed on a partnership to decommission VTT’s FIR 1 research reactor and nuclear power plant construction materials laboratory in Espoo, near Helsinki.

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.

Date: Friday, 10 April 2020
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Swedish utility Vattenfall said on 18 March that it was joining the Estonian pilot study on small modular reactors (SMRs).

Date: Tuesday, 24 March 2020
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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.

Date: Friday, 20 March 2020
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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.

Date: Friday, 28 February 2020
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Finnish company Fortum has signed agreements with two investment companies to buy a further stake in Uniper for 2.3 billion ($2.5 billion).

Date: Thursday, 10 October 2019
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Finnish utility Fortum on 28 August announced that it had developed the world's first fully dynamic and interactive virtual reality (VR) control room for training operators at its Loviisa nuclear power plant.

Date: Wednesday, 11 September 2019
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Posiva has been developing a solution for final disposal since the 1970s at the Onkalo characterisation facility. Photo courtesy Posiva. Finnish nuclear waste management company Posiva and construction company YIT have signed a €17m contract for the second phase of excavation works at the final disposal facility at Olkiluoto in in the southwest of Finland.

Posiva said the contract covers the excavation work for two central tunnels and five deposition tunnels connected to them.

The work will start towards the end of 2019 and is expected to take about two-and-a-half years.

Date: Saturday, 31 August 2019
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Finnish waste management company Posiva today announced the start of construction of the used fuel encapsulation plant at the Olkiluoto site in western Finland. Installation of the necessary systems within the underground disposal chambers is also set to begin soon.

Date: Tuesday, 25 June 2019
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