Fortum signs Early Works Agreements with three nuclear technology providers
25 June 2025 at 09:00 EEST
In March 2025, Fortum communicated the conclusions of its extensive feasibility study exploring the commercial, technological, and societal prerequisites for new nuclear projects in Finland and Sweden. The two-year study covered both small modular reactors (SMRs) and conventional large reactors. Following the study, Fortum continues to develop its capabilities to offer new nuclear energy as a long-term option to meet future customer demand in the Nordics.
As part of the study conclusions, Fortum announced its intention to enhance its collaboration with two large-scale reactor technology providers, EDF and Westinghouse-Hyundai, as well as with one SMR developer, GE-Hitachi. In June, Fortum and the selected companies formalized their collaboration by signing Early Works Agreements (EWA). These EWAs will encompass early project planning, site and design adaptation, and targeted licensing and permitting activities, including the continuation of pre-licensing dialogue with Nordic nuclear safety authorities.
“Before considering an investment decision, it is essential to strengthen confidence in the technologies, limit country-specific changes, and assess the vendors' capabilities already in the development phase. The work under these agreements will help us mitigate project risks,” says Laurent Leveugle, Vice President, New Nuclear at Fortum.
Olli Kymäläinen, Technical Director, Fortum, Laurent Leveugle, Fortum; and Marie-Agnès Berche, Business Development Director, EDF.
Elias Gedeon, Senior Vice President of Westinghouse Energy Systems; Laurent Leveugle, Fortum; and Young Choi, Executive Vice President of Hyundai E&C New Energy Division.
Laurent Leveugle, Fortum and Fredrik Vitabäck, Sales Executive, GE Vernova Hitachi Nuclear Energy.
