Elkem ASA – Approval of the intra-group merger with Elkem Testvirksomhet AS
Oslo, 30 August 2024 Reference is made to Elkem ASA’s (“Elkem”) announcement on 28 June 2024 regarding the merger between Elkem and Elkem Testvirksomhet AS. The board of directors of Elkem and Elkem Testvirksomhet AS have today approved the merger. The decision to approve the merger will be registered with the Norwegian Register of Business Enterprises and is scheduled to take place by the end of 2024. The merger is expected to be implemented upon expiration of the statutory six-week creditor notice period. This information is subject to the disclosure requirements pursuant to
The final disposal of spent nuclear fuel will be tested without actual spent fuel during the upcoming months. The equipment and systems of the final disposal facility will be tested together for the first time in accordance with planned processes during the Trial Run stage that started today. The purpose of the Trial Run is to verify safe final disposal before the start of the actual final disposal operation.In Finland, the power companies have decided to deposit the spent nuclear fuel produced by the nuclear power plants deep in the stable bedrock for final disposal. Prior to final
As of 1 September, the Olkiluoto 3 (OL3) nuclear power plant unit of Teollisuuden Voima Oyj will become part of the down-regulation market of Fingrid’s frequency restoration reserve. This reserve is used to balance the electricity system in case of temporary over-production of electricity. The Olkiluoto nuclear power plant units have not previously been involved in the regulation market. TVO will submit the bids for participation in the down-regulation market on behalf of its owners.Fingrid uses different reserve capacities to continuously maintain a state of balance between electricity
