Fortum And Studsvik Accomplice To Discover Prospects For New Nuclear In Sweden

Fortum and the Swedish nuclear know-how firm Studsvik have signed a Memorandum of Understanding (MoU) to discover circumstances for brand new nuclear in Sweden. The collaboration is a part of Fortum’s ongoing feasibility research to discover enterprise alternatives in new nuclear each in Finland and Sweden. 

The settlement helps Fortum’s strategic priorities to ship dependable and clear power and to drive decarbonisation in industries by offering clear power and CO2-free options to its clients. 

“A whole lot of new electrical energy technology will likely be wanted throughout the Nordics to satisfy future electrical energy demand in our societies and industries. I’m very happy as this settlement exhibits our ambition to help Sweden’s inexperienced transition in the long run,” says Laurent Leveugle, Vice President, New Nuclear at Fortum. 

As a part of the continued feasibility research, Fortum and Studsvik’s cooperation is to evaluate the potential to assemble small modular reactors (SMR) or standard massive reactors on the Studsvik website exterior Nyköping in Sweden. Within the first section of the cooperation, the objective is to determine potential enterprise fashions and technical options for additional analysis. Any potential funding choices will likely be made at a later stage. 

“Studsvik is constructive to new nuclear as part of the inexperienced transition, because it constitutes fossil free, environment friendly, and plannable electrical energy manufacturing. We welcome Fortum as a accomplice to analyze the potential of establishing new nuclear on the Studsvik website, which is a traditional nuclear space with an infrastructure already tailored to nuclear operations,” says Camilla Hoflund, President and CEO, Studsvik. 

Fortum initiated a two-year nuclear feasibility research in October 2022. Throughout the research, Fortum explores industrial, technological, and societal, together with political, authorized, and regulatory circumstances each for small modular reactors (SMRs) and traditional massive reactors in Finland and Sweden for potential commissioning within the 2030s and past.

The research additionally explores potential partnerships and collaboration alternatives. Along with the MoU with Studsvik, Fortum has signed cooperation agreements with the American Westinghouse Electrical Firm, Korean KHNP, British Rolls-Royce SMR, French EDF, Swedish Kärnfull Subsequent in addition to Finnish Outokumpu and Helen.