EDF and Fortum sign a Framework Cooperation Agreement to jointly explore collaboration opportunities for SMR and large nuclear reactor deployment in Finland and Sweden.

8 December 2022: On the occasion of the second International NUWARD™ Advisory Board meeting held in Lyon (France) today, EDF and Fortum announced the signature of a Framework Cooperation Agreement (FCA).

This agreement marks EDF’s and Fortum’s intention to study opportunities for cooperation for the development of nuclear reactor projects in Finland and Sweden, both with conventional large reactors (EPR) and SMRs (NUWARD™).

Fortum, a major international energy group based in Finland, has begun a two-year feasibility study to explore prerequisites for building new nuclear capacities in Finland and Sweden with both conventional and Small Modular nuclear Reactors (SMR).

EDF, the largest nuclear operator worldwide with a unique experience throughout the entire nuclear lifecycle, has the ambition to deploy a fleet of EPR units across Europe. The company is currently developing the 340 MWe NUWARD™ SMR, targeted for commercialisation as early as 2025.

“We are very happy to cooperate with the leading nuclear company in Europe both within the scope of our recently launched Feasibility Study regarding new nuclear in the Nordics, and with the objective to learn about the advanced fleet approach from EDF.” says Petra Lundström, Fortum’s Vice President for Nuclear Engineering Services and Co-owned assets.

Vakis Ramany, EDF’s Senior Vice-President of Nuclear Development says: “EDF is delighted to join forces with Fortum, a leading nuclear industry player sharing with us the same ambitions for a low carbon sustainable future. With Fortum’s impeccable record as a responsible nuclear operator and EDF’s unmatched experience on the entire nuclear lifecycle, we will create opportunities for successful cooperation in Finland, Sweden and across Europe.”

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