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

FAQ
What

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

Earth globe
Why

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
How

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

With the current uncertainty in the energy market, ventures in the nuclear industry will most likely involve partnership constellations. Partnerships may be formed e.g. between nuclear generating and district heating companies, industrial off-takers of power and heat for whom competitive energy supply is of increasing strategic importance, and nuclear utilities, or start-up companies and established utilities with nuclear competence. Thus, the feasibility study will also explore the potential for service business offerings for new projects in Europe and hydrogen for industrial applications.

Feasibility study will also take a deep look at the newbuild process, such as progress of planning, siting, and licensing, the work group’s intention is to engage the essential external stakeholders, such as political decision makers, civil servants, and nuclear safety authorities in Finland and Sweden, in active dialogue.

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