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Vattenfall takes minority stake in Fermi Energia

Vattenfall takes minority stake in Fermi Energia

Swedish state-owned energy company Vattenfall has signed an agreement with the Estonian nuclear energy start-up company Fermi Energia in order to become a minority shareholder of the company with a seed investment of EUR1 million (USD1.2 million). Fermi Energia is studying the deployment of small modular reactors in Estonia.

Corporate 01 June 2021

GE Hitachi, Fermi Energia extend SMR cooperation

GE Hitachi, Fermi Energia extend SMR cooperation

GE Hitachi Nuclear Energy has entered into a teaming agreement with Fermi Energia to support the potential deployment of its BWRX-300 small modular reactor in Estonia. This follows their signing of a Memorandum of Understanding in late 2019.

New Nuclear 08 March 2021

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Rolls-Royce, Fermi Energia to study SMR potential in Estonia

Vattenfall takes minority stake in Fermi Energia

Rolls-Royce, Fermi Energia to study SMR potential in Estonia

Rolls-Royce, Fermi Energia to study SMR potential in Estonia

The UK's Rolls-Royce and Estonia's Fermi Energia have signed a Memorandum of Understanding to study the potential for the deployment of small modular reactors in the Baltic country. The study will cover all aspects of deployment, including grid suitability, cooling, emergency planning, human resources, licensing feasibility, economics and the supply chain.

New Nuclear 04 March 2021

No time to waste in Estonian SMR deployment, conference hears

No time to waste in Estonian SMR deployment, conference hears

Estonia needs to put in place the necessary legislation and competencies if a small modular reactor is to be in operation by 2035, speakers at a conference organised by Fermi Energia agreed yesterday. The Baltic country aims to stop generating electricity from oil shale by 2035, but has yet to officially launch a nuclear programme.

New Nuclear 10 February 2021

Estonia's geology suitable for deep borehole repository

Estonia's geology suitable for deep borehole repository

There are no fundamental geologic limitations to disposing of radioactive waste in deep horizontal boreholes in Estonia, a study conducted by US nuclear waste disposal company Deep Isolation on behalf of Fermi Energia has concluded. Such a repository could be used for the disposal of used fuel from small modular reactors proposed for deployment by the Estonian company. Fermi Energia is the first European company to contract with Deep Isolation on a preliminary geologic study to manage advanced reactor waste.

Waste & Recycling 01 February 2021

Vattenfall extends SMR cooperation with Fermi Energia

Vattenfall extends SMR cooperation with Fermi Energia

Swedish utility Vattenfall and Estonia's Fermi Energia have signed a Letter-of-Intent to further expand their cooperation on small modular reactors (SMRs). For the past year Vattenfall has participated in a feasibility study by Fermi Energia to explore the possibilities for the deployment of such reactors in Estonia.

New Nuclear 30 November 2020

Deep Isolation secures funding, launches Estonian study

Deep Isolation secures funding, launches Estonian study

Nuclear waste disposal company Deep Isolation's raising of USD20 million in funding shows that "socially responsible investors" are willing to support the company's mission to become an integral part of a low-carbon future, the company's CEO has said. Separately, Deep Isolation EMEA has announced it is collaborating with Fermi Energia on a preliminary study into using Deep Isolation's horizontal deep borehole solution in Estonia.

Waste & Recycling 20 November 2020

Baltic States agree to block nuclear power from Belarus

Baltic States agree to block nuclear power from Belarus

The ministries responsible for the energy sector in Estonia, Latvia and Lithuania have reached an agreement to cease electricity trading with Belarus when it commissions its nuclear power plant and to introduce a system of certificates stating the origin of electricity.

Nuclear Policies 03 September 2020

Vattenfall involved in Estonian study on SMRs

Vattenfall involved in Estonian study on SMRs

Swedish utility Vattenfall is participating in a study on the deployment of small modular reactors in Estonia. In January, Estonia's Fermi Energia signed Memoranda of Understanding with Finnish power company Fortum and Belgian engineering firm Tractebel to cooperate on the study.

New Nuclear 19 March 2020

Fortum, Tractebel to assist in Estonian SMR deployment

Fortum, Tractebel to assist in Estonian SMR deployment

Estonia's Fermi Energia has signed Memoranda of Understanding with Finnish power company Fortum and Belgian engineering firm Tractebel to cooperate on studying the deployment of small modular reactors in the Baltic country.

Corporate 28 January 2020