Westinghouse and Fortum Sign Long-Term Partnership for VVER-440 Nuclear Fuel
Westinghouse Electric Company and Fortum recently signed a long-term partnership to develop, license and deliver VVER-440 fuel to the Loviisa Nuclear Power Plant in Finland to guarantee a dependable Western alternative to Russian-supplied fuel.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221121005977/en/
Tarik Choho, Westinghouse Nuclear Fuel President, and Simon-Erik Ollus, Executive Vice President, Fortum Generation, shake hands surrounded by Fortum and Westinghouse team members after signing the VVER-440 fuel contract. (Photo: Business Wire)
“The new and parallel fuel supplier will diversify our fuel strategy, improve security of supply and ensure reliable electricity production at the Loviisa power plant also in the future,” says Sasu Valkamo, Vice President, Loviisa Nuclear Power Plant.
“Westinghouse offers the only alternative fuel for this type of reactors that is both designed and manufactured outside of Russia, so this partnership will provide increased energy security for Finland and fuel diversification for Fortum,” said Tarik Choho, Westinghouse President of Nuclear Fuel. “We are proud to support Fortum’s operating fleet with fuel reload quantities, building on our successful collaboration delivering VVER-440 fuel for Loviisa from 2001 to 2007.”
The Loviisa Nuclear Power Plant has two VVER pressurized water reactors (PWR) that cover about 13 percent of Finland's electricity production. The amount of electricity generated at the Loviisa power plant is nearly equivalent to the total combined electricity consumption of the cities of Helsinki, Espoo, and Vantaa.
Westinghouse Electric Company is shaping the future of carbon-free energy by providing safe, innovative nuclear technologies to utilities globally. Westinghouse supplied the world’s first commercial pressurized water reactor in 1957 and the company’s technology is the basis for nearly one-half of the world's operating nuclear plants. Over 135 years of innovation makes Westinghouse the preferred partner for advanced technologies covering the complete nuclear energy life cycle. For more information, visit www.westinghousenuclear.com and follow us on Facebook, LinkedIn and Twitter.
View source version on businesswire.com: https://www.businesswire.com/news/home/20221121005977/en/
