Press release 17 October 2022

Fortum launches a feasi­bility study to explore prereq­ui­sites for new nuclear
Control room

We explore the future of nuclear power

Fortum has over 40 years of experience in nuclear power, and we believe that nuclear power is also part of the solution in our transition towards a future emission-free energy system. This is why we launched a two-year study in October 2022 on the preconditions for new nuclear power in Finland and Sweden. The study will support our goal of enabling the decarbonisation of the Nordic region together with our customers and stakeholders.


In October 2022, we launched a two-year feasibility study to explore prerequisites for new nuclear in Finland and Sweden.

Earth globe

With our world-class nuclear expertise, we are in an excellent position to explore conditions for new nuclear together with our partners and customers to enable decarbonisation of societies.

For nuclear power plants

We explore commercial, technological, and societal conditions for new nuclear. We also investigate new partnerships and business models.

Last year we focused in particular on analysing new technological solutions and new reactor designs. After collecting and analysing a huge amount of information over the year, we have come to some clear conclusion:

  1. The market has room for both large and small reactor
  2. Competitiveness is achieved by building multiple identical plants
  3. A new revival of nuclear needs a catalyst and project risk-sharing
Read the blog here

What now?

After significant business and technical knowledge buildup in 2023 we are now focusing on:

  • Siting: Potential newbuild sites will be identified and must be investigated further in order go deeper in business planning
  • Financing: How to finance and de-risk the different phases of the project including the stakeholders like technology vendors, customers and society
  • Vendor evaluation: Deep-dives in the focused designs, aiming at a shorter list at the end of the feasibility study
  • Licensing dialogue with the regulators, also relevant ministries to be involved
  • Contract model development is important to make the projects successful

Contact us

Laurent Leveugle

Vice President
New Nuclear
Tel: +358 40 542 2001
laurent [dot] leveugle [at] fortum [dot] com

Jukka Rahnasto

Investment director
New Nuclear
Tel: +358 44 258 2866
jukka [dot] rahnasto [at] fortum [dot] com

Smaller plant footprint

Powering tomorrow with new nuclear

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