Fortum Considers Nordic Sites For New Nuclear Power

Finnish utility Fortum is looking at several possible sites in Finland and Sweden to build new nuclear power production, in the form of small or large-scale reactors, it said on Monday.

After ending its ownership of Germany’s Uniper in 2022, Fortum wants to focus on the Nordics and is conducting a review of building new nuclear power and heat generation capacity in the two Nordic countries.

In Finland, Fortum named its existing nuclear site Loviisa and a location near stainless steel producer Outokumpu’s site in Tornio as potential locations, as well as Swedish nuclear technology company Studsvik’s site outside Nykoping in Sweden.

“They are definitely on the list… We are also looking at the possibilities of completely new sites for the long term,” Laurent Leveugle, Fortum’s vice president for new nuclear told Reuters.

Leveugle said Fortum will continue to evaluate the feasibility of both Small Modular Reactors (SMRs) and conventional large-scale facilities as part of its review.

(Reporting by Anne Kauranen, editing by Terje Solsvik)