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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.

Date: Friday, 18 December 2020
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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.

Date: Friday, 04 December 2020
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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.

Date: Tuesday, 01 December 2020
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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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