US/UK/Canada

Share

Contacts

  • News desk
    +358 40 198 2843
    • Pick a time period -
    Tags ( Active)

    Fortum enters into an agreement with Framatome to develop new European nuclear fuel

    FORTUM CORPORATION PRESS RELEASE 9.4.2026 Fortum and three other European energy companies have signed an agreement with the French company Framatome to develop a fully European nuclear fuel for VVER‑type nuclear power plants, including Fortum’s Loviisa power plant. In addition to Fortum, the agreement includes ČEZ from the Czech Republic, MVM Paks from Hungary, and Slovenské Elektrárne from Slovakia. The aim of the cooperation is to diversify the companies’ fuel supply and reduce Europe’s dependence on imported energy. Framatome’s nuclear fuel development project will progress in

    Preparations underway for major modernisation projects at Loviisa Nuclear Power Plant

    FORTUM CORPORATION PRESS RELEASE 5 January 2026 In 2025, Loviisa Nuclear Power Plant generated a total of 7.9 terawatt-hours of electricity. The plant's electricity production accounts for approximately 10% of the electricity consumed in Finland, which is nearly equivalent to the electricity consumption of the entire Helsinki metropolitan area. Loviisa 1 produced 4.0 TWh with an availability of 89.9%, while Loviisa 2 produced 3.9 TWh with an availability of 88.8%. The overall availability of the plant was 89.4%. “Production and availability were at a good level, although we fell

    Fortum’s Loviisa nuclear power plant annual outage 2025 completed

    FORTUM CORPORATION PRESS RELEASE 6.10.2025 Both units at the Loviisa nuclear power plant are back in production after completion of their annual outages. During the annual outages, about a quarter of the fuel in both units was replaced. In addition to refuelling, several preventive maintenance, servicing, and inspection tasks were carried out.  The annual outage of the power plant’s Unit 2 was delayed by approximately 12 days and the outage was continued for some time in parallel with the outage of Unit 1. The annual outage of Unit 2 was completed on 18 September 2025. The annual

    Loviisa nuclear power plant annual outage to begin 17.8.2025

    FORTUM CORPORATION PRESS RELEASE 12.8.2025 The annual outage of Fortum’s Loviisa nuclear power plant will begin with Unit 2 on Sunday, August 17th, followed by the servicing of Unit 1. Both units will undergo the short annual outage, and they are expected to last a total of 38 days. During the annual outages, a quarter of the fuel will be replaced. In addition to fuel replacement, several preventive maintenance, servicing, and inspection tasks will be carried out to ensure the safe and reliable operation of the power plant in the coming years. ”Annual maintenance outages support

    Fortum Loviisa nuclear power plant produced 7.9 terawatt hours of electricity in 2024

    FORTUM CORPORATION PRESS RELEASE 3 January 2025  In 2024, the Loviisa nuclear power plant produced a total of 7.9 terawatt hours of electricity. The plant's electricity production accounts for about 10% of the electricity consumed in Finland, which is nearly equivalent to the electricity consumption of the entire Helsinki metropolitan area. The load factor of the Loviisa power plant was 88.3 in 2024. The load factor of Loviisa 1 was 86.6% and of Loviisa 2 was 90.0%. In addition to the extended duration of planned annual outages, production was also reduced by an unscheduled four-day

    Loviisa nuclear power plant’s main seawater pumps to be renewed

    FORTUM CORPORATION PRESS RELEASE 11.12.2024 Fortum’s Loviisa nuclear power plant is renewing the main seawater pumps and motors of both plant units. The renewal is part of the Loviisa power plant’s lifetime extension-related investments and continuous improvement to ensure reliable electricity production until the end of the plant's lifetime. ”The existing main seawater pumps at the Loviisa power plant are nearing the end of their life cycle. This investment is part of the very controlled and professional ageing management that is a prerequisite for the safe, reliable and profitable

    Fortum provides expert services for the European Commission's Nuclear Decommissioning Assistance Programme

    FORTUM CORPORATION PRESS RELEASE 16.9.2024 Fortum's Nuclear Services has signed a multi-year framework agreement with The Nuclear Decommissioning Assistance Programme (NDAP), which operates under the European Commission. Fortum’s role is to provide expert reviews and assessments related to the status and progress of European decommissioning programs funded by the EU, specifically the Ignalina (Lithuania), Kozloduy (Bulgaria), and Bohunice (Slovakia) decommissioning programs. The work will be carried out under specific assignments ordered by the European Commission within the framework

    Fortum’s Loviisa nuclear power plant turbine automation to be upgraded

    FORTUM CORPORATION PRESS RELEASE 11.9.2024  Fortum’s Loviisa power plant is upgrading the automation of the turbine protection and control systems of both power plant units. The upgrade is part of the lifetime extension-related investments consisting of continuous improvements to ensure reliable electricity production until the end of the plant's lifetime.  ”The existing turbine protection and control systems are reaching the end of their technical service life, and the availability of spare parts is diminishing. The aim of the automation upgrade project is to ensure the

    First batch of Westinghouse fuel loaded at Fortum’s Loviisa nuclear power plant

    FORTUM CORPORATION PRESS RELEASE 2.9.2024 The first batch of Westinghouse Electric Company nuclear fuel has been loaded into Fortum’s Loviisa Nuclear Power Plant during its annual outage in August. The loading of the new fuel is a significant milestone that guarantees a reliable Western alternative for fuel deliveries to the Loviisa power plant. In November 2022, Fortum signed an agreement with Westinghouse for the design, licensing and supply of a new fuel type for the Loviisa Nuclear Power Plant. During the annual outages in 2023, one test element manufactured by Westinghouse, which

    Fortum Loviisa nuclear power plant’s annual outage 2024 to begin

    FORTUM CORPORATION PRESS RELEASE 31.7.2024 The annual outage of Fortum’s Loviisa nuclear power plant will begin with Unit 2 on Sunday, August 4th, followed by the servicing of Unit 1. This year, Loviisa 2 will undergo a short outage and Loviisa 1 will undergo the extensive annual outage, i.e. the so-called 4-year annual outage. The annual outages are expected to last approximately 51 days. During the annual outages, a quarter of the fuel will be replaced. In addition to this, both units will undergo various types of preliminary maintenance work, inspections, repairs and tests.  ”

    Fortum’s Loviisa nuclear power plant low-pressure turbines to be modernised, increasing capacity by approximately 38 MW

    FORTUM CORPORATION PRESS RELEASE 29.5.2024  Fortum’s Loviisa nuclear power plant’s low-pressure turbines will be modernised. The modernisations, starting in 2026, are part of the lifetime extension-related investments consisting of continuous improvements to ensure reliable electricity production until the end of the plant's lifetime. The modernisation of the turbines will also increase the total capacity of the plant by approximately 38 megawatts, increasing the output of the power plant during its lifetime by approximately 7 terawatt-hours. In February 2023, the Finnish Government

    Fortum and TVO to provide expert services for Poland’s nuclear power program

    FORTUM CORPORATION PRESS RELEASE 13.02.2024 Fortum together with TVO Nuclear Services have signed a two-year service framework agreement with the Polish Polskie Elektrownie Jądrowe (PEJ), a state-owned company responsible for the construction project of the first nuclear power plant in Poland. The scope of the framework is to support PEJ in the development of operation and maintenance processes of the new nuclear power plant. Fortum’s Nuclear Services and TVO Nuclear Services will provide technical support e.g. for the licensing and design phase of the plant and help PEJ to develop

    Fortum’s Loviisa nuclear power plant generated 8.09 terawatt-hours of carbon-free electricity in 2023

    FORTUM CORPORATION PRESS RELEASE 4.1.2024 Fortum’s Loviisa nuclear power plant had a good production year in 2023. The power plant generated a total of 8.09 terawatt-hours of carbon-free electricity.  Loviisa 1 generated 3.99 TWh of power and its load factor was 89.79%; Loviisa 2 generated 4.10 TWh of power and its load factor was 92.32%. The combined load factor of the plant units was 91.06%. “Last year Loviisa produced about 10% of Finland’s electricity demand. This is equivalent to the electricity consumption of the entire Helsinki metropolitan area,” says Sasu Valkamo, Vice

    Fortum and Studsvik partner to explore possibilities for new nuclear in Sweden

    FORTUM CORPORATION PRESS RELEASE 17.11.2023  Fortum and the Swedish nuclear technology company Studsvik have signed a Memorandum of Understanding (MoU) to explore conditions for new nuclear in Sweden. The collaboration is part of Fortum’s ongoing feasibility study to explore business opportunities in new nuclear both in Finland and Sweden.  The agreement supports Fortum’s strategic priorities to deliver reliable and clean energy and to drive decarbonisation in industries by providing clean energy and CO2-free solutions to its customers.  “A lot of new electricity generation will be

    Fortum’s Loviisa nuclear power plant annual outage 2023 completed

    FORTUM CORPORATION PRESS RELEASE 2.10.2023 Both units at Fortum’s Loviisa nuclear power plant are back in production after completion of their annual outages. This year, both units underwent the short refuelling outage. The annual outage of Unit 2 was completed on 7.9.2023 and Unit 1 on 1.10.2023. “In conjunction with the annual outage of Unit 1, a faulty seawater pump motor was replaced, and the servicing work on Unit 2’s second turbine line continued still after the annual outage,” says Sasu Valkamo, Senior Vice President of Loviisa nuclear power plant. During the annual outages,

    Fortum Loviisa power plant’s annual outage 2023 to begin

    The annual outage of Fortum’s Loviisa nuclear power plant will begin with Unit 2 on Sunday, August 20th, followed by the servicing of Unit 1. This year, both units will undergo the short so-called refuelling outage. The annual outages are estimated to last a total of about 37 days. During the annual outage, one quarter of the fuel will be replaced. In addition to the fuel replacement, both units will undergo various preliminary maintenance work, inspections, repairs and tests. Additionally, the automation modernisation of Loviisa Unit 1’s emergency generators, which was started in the

    Fortum and Westinghouse to explore possibilities for new nuclear in Finland and Sweden

    FORTUM CORPORATION PRESS RELEASE 7.6.2023  Fortum and Westinghouse Electric Company, one of world’s leading suppliers of safe and innovative nuclear technology, have signed a Memorandum of Understanding (MoU) to explore prerequisites for the development and deployment of new nuclear in Finland and Sweden. Any potential investment decisions will be made at a later stage. “At Fortum, our strategic priorities are to deliver reliable clean energy and drive decarbonisation in industries in the Nordics. We are excited to extend our cooperation and explore the potential and prerequisites

    Fortum and KHNP have signed a Memorandum of Understanding on cooperation on nuclear power

    FORTUM CORPORATION PRESS RELEASE 31.5.2023 Fortum has signed a memorandum of understanding (MoU) with Korea Hydro & Nuclear Power Co., Ltd. (KHNP), the owner and operator of the South Korean nuclear fleet and a nuclear power technology supplier, on 30 May 2023. The scope of the MoU covers cooperation and information exchange regarding future nuclear power plants, new reactor designs as well as safe and efficient operation of existing nuclear power plants. This MoU extends the already established cooperation to a joint exploration of new nuclear. The initial MoU between Fortum and KHNP

    Finnish Government grants operating licence for Fortum’s final disposal facility for Loviisa nuclear power plant’s low- and intermediate-level radioactive waste

    FORTUM CORPORATION PRESS RELEASE 30 MARCH 2023 The Finnish Government has today granted Fortum a licence to operate the final disposal facility for low- and intermediate-level radioactive waste, located in the Loviisa power plant area, until the end of 2090. The Finnish Radiation and Nuclear Safety Authority (STUK) had previously made its decision on the periodic safety assessment of the final disposal facility for Loviisa power plant’s low- and intermediate-level radioactive waste. It stated in its decision that both the operating safety and the long-term safety of Loviisa’s final

    Fortum and Outokumpu partner to accelerate industrial decarbonisation in stainless steel production

    FORTUM CORPORATION PRESS RELEASE 23.3.2023 Fortum, a leading Nordic clean energy company, and Outokumpu, the global leader in sustainable stainless steel, have signed a Memorandum of Understanding (MoU) to explore the decarbonisation of Outokumpu’s steel manufacturing operations with emerging nuclear technologies, such as Small Modular Reactors (SMR). In line with its strategy, Fortum wants to drive decarbonisation and growth for Nordic industries by providing clean energy and CO\2\-free solutions to its customers. The now-signed agreement initiates a long-term process with the aim to

    Fortum and Rolls-Royce SMR to explore joint opportunities for SMR's in Finland and Sweden

    FORTUM CORPORATION PRESS RELEASE 21.3.2023 Fortum and Rolls-Royce SMR have signed a memorandum of understanding (MoU) to jointly explore the opportunities for the deployment of small modular reactors (SMR) in Finland and in Sweden. Fortum’s strategic priorities are to deliver reliable clean energy and drive decarbonisation in industries in the Nordics. This agreement is part of Fortum’s feasibility study exploring the prerequisites for new nuclear in Finland and Sweden in cooperation with customers and partners. Rolls-Royce SMR was established in November 2021 to bring a

    The Finnish Government has granted a new operating licence for Fortum’s Loviisa nuclear power plant

    FORTUM CORPORATION INVESTOR NEWS 16 FEBRUARY 2023 AT 13:34 EET The Finnish Government has granted a new operating license for both units at Fortum’s Loviisa nuclear power plant until the end of 2050. Over the course of the new licence period, the plant is expected to generate up to 170 terawatt hours of  CO\2\-free electricity. ”This decision is an important and welcome one not only for Fortum, but for a clean and prosperous future for Finland. Continuing production at Loviisa is above all an investment in providing the power the Finnish society needs to meet its ambitious climate

    STUK green lights continued operation of Fortum’s Loviisa nuclear power plant

    FORTUM CORPORATION BUSINESS PRESS RELEASE 26.1.2023 The Finnish Radiation and Nuclear Safety Authority (STUK) has given the Ministry of Economic Affairs and Employment a positive statement regarding the safety review of Fortum’s Loviisa nuclear power plant. In its decision STUK states that Fortum has ensured the safety of the Loviisa 1 and 2 nuclear power plant units in accordance with the effective provisions, and the licensee has presented procedures to further improve the safety of the Loviisa nuclear power plant. Based on STUK’s assessment, the licensee has the required

    There are no items matching the current filter
    There are no more items matching the current filter
    Back to top

    Subscribe

    Media