Westinghouse Electric has entered into an early works agreement (EWA) with Fortum, a leading Nordic energy company, to explore the potential introduction of an advanced AP1000 reactor to meet growing energy demands in the Nordic region
The collaboration signifies a strategic move towards enhancing nuclear capabilities there.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The EWA is a direct outcome of Fortum’s extensive two-year feasibility study for new nuclear technology options.
The agreement will encompass initial project planning, site assessments and engaged efforts on licensing and permitting processes.
These steps are crucial for advancing pre-licensing discussions and ensuring compliance with regulatory standards.
Hyundai Engineering & Construction (E&C) has been selected as Westinghouse’s partner for executing this agreement.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataHyundai E&C New Energy Division executive vice president Young Choi stated: “HDEC is deeply honoured that the journey to bring the proven Gen III+ AP1000 reactor to Fortum is taking shape.
“As a top-tier global EPC company with 55 years of continuous nuclear construction experience working together with Westinghouse, we will build clean energy and sustainable value in Nordics.”
The Generation III+ reactor, coupled with grid-scale AP1000 technology by Fortum, has fully passive safety systems, flexible design elements and one of the smallest footprints per megawatt-electric (MWe) available today.
Globally recognised for its performance, there are currently six operating AP1000 reactors that have operational performance and availability records.
With 12 more under construction and another six contracted out, it is anticipated that 18 units based on this technology will be functional worldwide by 2030.
The technology has also been chosen for upcoming nuclear projects across Poland, Bulgaria, Ukraine and European locations, as well as being considered within sites in North America and the UK.
Westinghouse Energy Systems senior vice-president Elias Gedeon stated: “With the AP1000 reactor, Fortum is advancing the world’s most proven Gen III+ technology that is setting operational and performance records around the globe.
“Not only will this AP1000 project provide clean, reliable baseload power to the Nordics, but it will also deliver real economic benefits and high-quality jobs for years to come while delivering energy security.”
