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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.

Date: Saturday, 25 March 2023
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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.

Date: Friday, 24 March 2023
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