Building Nordic nuclear optionality
Fortum appears to be positioning itself for future nuclear development in the Nordic region, focusing on securing long‑term offtake agreements, site control and engineering capacity while keeping projects in early stages.
Public disclosures show a 22‑year PPA with Google for the Loviisa plant, acquisition of land near Loviisa, hiring of senior engineering staff, an operating licence for spent‑fuel disposal, early‑stage planning at Oskarshamn and ongoing discussions about new nuclear options in Sweden.
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Fortum said Posiva received an operating licence for the final disposal of spent nuclear fuel in Finland, calling it an important milestone for the long‑term disposal of spent fuel from Fortum’s Loviisa nuclear power plant.
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SVT reported that Fortum’s Oskarshamn nuclear plan remains early‑stage, with several decisive questions still open and no reactor technology selected.
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A Fortum executive blog states that the Google partnership could be a first step toward new nuclear power in Finland, reinforcing that the 22‑year Loviisa offtake agreement is being positioned as a platform for broader nuclear development optionality.
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Fortum said its 22‑year nuclear PPA with Google supports investments at Loviisa through 2050 and disclosed that it has acquired land near Loviisa for a potential future nuclear project.
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Fortum is hiring a Senior Engineer for electrical design across nuclear, P2X and other industrial projects, including new plant projects and modernization of existing systems.
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Fortum's business development lead for new nuclear discussed new nuclear in Sweden, including industrial power demand, long‑term market rules, cost, safety, waste and low‑emission generation.