The Finnish state energy company launches into modular nuclear reactors
Fortum Oyj, a Finnish state-owned energy company is launching a two-year feasibility study to explore the possibility of creating modular and innovative nuclear plants. As part of the study, Fortum will examine the commercial, technological and social conditions, including political, legal and regulatory ones, for both small modular reactors (SMRs) compared with large conventional reactors already in use in the country. The geographic target of the study is Finland and Sweden.
“ The goals of energy independence, security of supply and carbon neutrality are challenges facing our entire society. We want to find out under what conditions we could achieve them with nuclear power generation, which is notoriously reliable and CO2-free, ” says Simon-Erik Ollus, Executive Vice President of the Generation Division at Fortum.
With the current uncertainty in the energy market, initiatives in the nuclear sector will most likely involve constellations of partnerships, which may involve the design stages Therefore, the feasibility study will also explore the potential of commercial service offerings for new projects in Europe and for hydrogen for industrial applications.
“The challenges related to the new nuclear power are well known. Achieving competitive construction times and costs is an essential battle for our sector. In this feasibility study, we aim to explore new partnerships, new business models and technologies, such as small modular reactors (SMRs), which hold promise for bringing nuclear power to future generations, ”says Laurent Leveugle, who leads the nuclear feasibility study.
In the feasibility study, even in the preliminary phase, the local authorities will be involved to start evaluating the places where to install the systems and, above all, what type of system to use.
Fortum has agreed to completely sell Uniper to the German state and is therefore updating its autonomous strategy focusing on sustainable energy production, security of supply and affordable energy, which is what all state energy companies should do. In the Finnish conception, an SMR, modular nuclear reactor, is a unit with a power equal to or less than 300 MW / h smaller than many definitions of other countries that are studying the same solution.
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The article The Finnish state energy company launches into modular nuclear reactors comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/la-societa-energetica-di-stato-finlandese-si-lancia-nei-reattori-nucleari-modulari/ on Tue, 18 Oct 2022 08:05:17 +0000.