Nuclear power plays an important role in Fortum's climate-benign energy production because electricity production with nuclear power does not cause any greenhouse gas emissions. With the electricity produced at the Loviisa nuclear power plant, 6 million tonnes of CO2 emissions are avoided annually. Operating a nuclear power plant requires technology know-how and detailed safety specifications and monitoring.
Fortum and nuclear power plants
In addition to its ownership of the Loviisa nuclear power plant, Fortum has a shareholding in Teollisuuden Voima Oy's (TVO) Olkiluoto existing nuclear power plant units as well as a partial shareholding in the Forsmark and Oskarshamn nuclear power plants in Sweden. Fortum also owns a share in the new Olkiluoto power plant unit currently under construction.
The existing power plant units in Loviisa (Loviisa 1 and Loviisa 2) have pressurised water reactors. Teollisuuden Voima Oyj's power plant units at Olkiluoto (Olkiluoto 1 and Olkiluoto 2) have boiling water reactors, and the reactor of the power plant unit under construction (Olkiluoto 3) has a pressurised water reactor.