Fermi signs MOUs with Fortum and Tractebel

12 February 2020

Fermi Energia signed recently MOUs with the Finnish energy company Fortum and the Belgian engineering company Tractebel to start enhanced cooperation on studying Small Modular Reactor (SMR) deployment project in Estonian developed by Fermi Energia.

Fermi Energia is in the discussion on similar MOUs with two other European utilities on an in-depth analysis of spent fuel management and on SMR construction timing and planning. All studies will be completed by the end of 2020 and made public early 2021.

Recently, Fortum and Tractebel presented at Fermi Energia annual conference in Tallinn, results of their studies on respectively “Milestones of SMR deployment program” and “Comparative analysis of licenced SMRs”.

Fortum is majority Finnish state-owned energy company with 2819MW of nuclear energy power generation capacity and a total of 74,6TWh power generation. Tractebel is an engineering and advisory company delivering integrated services with a laser focus on unlocking opportunities for greater sustainability and a zero-carbon future.

Fermi Energia is a privately owned Small Modular Reactor deployment company seeking to achieve the first deployment of SMR in European Union to achieve carbon neutrality and security of power supply in Estonia and the Baltics.

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