Press release

Fortum and EDF sign Framework Cooperation Agreement to explore joint opportunities in new nuclear

08 December 2022, 19:00 EET

Nuclear women

FORTUM CORPORATION BUSINESS PRESS RELEASE 8.12.2022

Fortum and Electricité de France (EDF) have signed a Framework Cooperation Agreement to jointly explore collaboration opportunities for small modular nuclear reactor (SMR) and large power plant deployment in Finland and Sweden.

The agreement is part of Fortum’s two-year feasibility study exploring prerequisites for new nuclear in Finland and Sweden.

The French energy company EDF is the largest nuclear operator worldwide with a unique experience across the entire nuclear lifecycle. It is planning to deploy a fleet of EPR units across Europe, while developing its 340 MWe NUWARD™ SMR at the same time.

“EDF is delighted to join forces with Fortum, a leading nuclear industry player sharing with us the same ambitions for a sustainable carbon free energy future. With Fortum’s impeccable record as a responsible nuclear operator and EDF’s unmatched experience on the entire nuclear lifecycle, we will create opportunities for a successful cooperation in Finland, Sweden and across Europe,” says Vakis Ramany, EDF’s Senior Vice-President of Nuclear Development.

“We are very happy to cooperate with the leading nuclear company in Europe both within the scope of our recently launched Feasibility Study regarding new nuclear in the Nordics, and with the objective to learn about the advanced fleet approach from EDF,” says Petra Lundström, Fortum’s Vice President for Nuclear Engineering Services and Co-owned assets.

Any future decisions on possible investments will be made at a later stage.

Leader of Fortum's NESC Organisation Petra Lundström and Vakis Ramany, EDF’s Senior Vice-President of Nuclear Development
Leader of Fortum's NESC organisation Petra Lundström and Vakis Ramany, EDF’s Senior Vice-President of Nuclear Development
Laurent Leveugle, Head of Fortum's Newbuild Feasibility Study; Petra Lundström, Vice President for Fortum's Nuclear Engineering Services and Co-owned assets; Sandro Baldi, Commercial Director NUWARD, EDF; Vakis Ramany, Senior Vice-President of Nuclear Development, EDF and Bruno Rodrigues, Project Coordinator, NUWARD, EDF.
Laurent Leveugle, Head of Fortum's Newbuild Feasibility Study; Petra Lundström, Vice President for Fortum's Nuclear Engineering Services and Co-owned assets; Sandro Baldi, Commercial Director NUWARD, EDF; Vakis Ramany, Senior Vice-President of Nuclear Development, EDF and Bruno Rodrigues, Project Coordinator, NUWARD, EDF.

 

Fortum Corporation
Communications

 

For further information:

Fortum:

Petra Lundström, Vice President for Nuclear Engineering Services and Co-owned assets, Fortum, petra [dot] lundstrom [at] fortum [dot] com, +358 50 453 5422

Laurent Leveugle, Head of Newbuild Feasibility Study, Fortum, laurent [dot] leveugle [at] fortum [dot] com, +358 40 542 2001

Read release 17 Oct, 2022: Fortum launches a feasibility study to explore prerequisites for new nuclear

EDF:

EDF Communications, service-de-presse [at] edf [dot] fr

Fortum
Fortum is an energy company driving the change for a cleaner world. Our role is to ensure the security of supply and a fast and reliable transition to a carbon-neutral economy by providing customers and societies with clean energy and sustainable solutions. Fortum’s core operations are located in the Nordics and consist of CO2-free power generation, electricity sales, district heating as well as recycling and waste solutions. Fortum's share is listed on Nasdaq Helsinki. www.fortum.com

EDF Group
A key player in energy transition, the EDF Group is an integrated electricity company, active in all areas of the business: generation, transmission, distribution, energy supply and trading, energy services. A global leader in low-carbon energies, the Group has developed a diversified generation mix based on nuclear power, hydropower, new renewable energies and thermal energy. The Group is involved in supplying energy and services to approximately 37.9 million customers (1), 28.1 million of which are in France. It generated consolidated sales of €69 billion in 2020. EDF is listed on the Paris Stock Exchange.