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Finland's Loviisa Nuclear Power Plant Signs 22-Year Power Purchase Agreement with Google

On September 9, 2026, Google announced that it will invest at least 13 billion euros in Finland over the next two years for artificial intelligence infrastructure construction. The investment includes building and expanding data centers in Finland, along with supporting energy projects. Among them, Google signed a 22-year power purchase agreement with Finnish energy company Fortum to purchase up to 50% of the electricity generated by the Loviisa Nuclear Power Plant. Google President and Chief Investment Officer Ruth Porat stated that this arrangement is Google's first nuclear energy deal outside the United States. Google said this investment is its largest single investment in Europe, and the related infrastructure will support services including Gemini, Search, Maps, and YouTube. Lovi...

2026-09-10

Sweden's Oskarshamn New Nuclear Project Applies for State Aid

NuCore Energi AB, a project company under Fortum, has submitted a state aid application to the Swedish government to initiate consultations on the framework and conditions for a new nuclear power project in Oskarshamn municipality. The project is planned to proceed near the existing Oskarshamn Nuclear Power Plant, with options covering small modular reactors (SMRs) and large reactors, with a total installed capacity expected to range between 1,200 MW and 3,400 MW. NuCore Energi submitted the state aid application on August 27, 2026. In the photo, from left to right: NuCore Energi CEO Laurent Leveugle and Minister Niklas Wykman. Fortum...

2026-08-28

Finland's Loviisa Nuclear Power Plant Launches Turbine Island Upgrade to Support Operation Until 2050

Finnish utility Fortum has launched a large-scale modernization project for the turbine island at the Loviisa Nuclear Power Plant. The project aims to increase the plant's electrical output and ensure the continued, safe, and reliable operation of both units through the end of 2050 under the new operating licenses. The Loviisa plant consists of two VVER-440 pressurized water reactor units and is Finland's first nuclear power plant, currently supplying more than 10% of the country's electricity. Unit 1 entered commercial operation in 1977, followed by Unit 2 in 1981, and the Finnish government approved the extended operating licenses in February 2023. The core of this upgrade is the modernization of the low-pressure turbines, which is the largest single undertaking in the Loviisa turbine island upgrade...

2026-08-12

Annual maintenance outage begins at Finland's Loviisa nuclear power plant, spanning August 2 to October 18

The annual maintenance of Finland's Loviisa nuclear power plant began on August 2. Energy company Fortum stated that this annual maintenance will be carried out from August 2 to October 18. During the maintenance period, several modernization projects related to extending the plant's service life will also be launched. The maintenance will first be carried out on Unit 2, followed by Unit 1. Fortum stated that while one unit is under maintenance, the other unit will continue normal power generation. The maintenance of Unit 2 is a large-scale annual inspection conducted once every eight years, which includes removing fuel from the reactor for inspection and pressure testing of the reactor vessel, as well as replacing...

2026-08-03

Annual outage maintenance of Loviisa Nuclear Power Plant begins on August 2

Fortum, the Finnish state-owned energy company, announced that the annual outage maintenance of the Loviisa Nuclear Power Plant will commence on August 2, starting with Unit 2 and then transitioning to Unit 1. The maintenance is scheduled to continue until October 18. During this period, the two units will be taken offline for maintenance in rotation, with the other unit remaining in operation. As planned, Unit 2 will undergo a major annual overhaul conducted every eight years. During the maintenance, staff will unload the reactor fuel, inspect and pressure test the reactor pressure vessel, replace approximately one-quarter of the fuel, and complete a series of equipment maintenance and servicing tasks. Unit 1 will undergo a shorter routine annual maintenance, primarily involving fuel replacement and related maintenance work.

2026-07-30