Nuclear Energy
Nuclear energy reduces carbon dioxide emissions and the need for energy produced through combustion, which slows down climate change and protects biodiversity. In addition to renewable production, which may vary, a sustainable and reliable energy system needs stable and predictable basic energy production.
One step at a time towards nuclear energy
The goal of our nuclear energy programme is to build a combined heat and power plant or a district heating plant.
In our nuclear energy programme, we evaluate small modular reactors (SMRs), which can be used to produce only heat or both electricity and heat. We have limited the technologies to be reviewed in the programme to solutions that are mature and previously tested in Finland, which contributes to ensuring the smooth implementation of the project.
In the first phase of the multi-year programme, we will negotiate with potential partner shareholders and plant suppliers and evaluate potential plant sites. The first phase of the programme is due to be completed in 2026.
Read our press release about the launch of nuclear energy programme
What is a small nuclear reactor or SMR?
Our nuclear energy programme assesses SMRs based on proven solutions that can produce heat alone or electricity alongside heat.
The advantage of small modular reactor plants (SMR plants) is their steady and emission-free energy production. “SMR plant” is an umbrella term for several different plant types, which correspond in size to a medium-sized industrial plant. Often, an SMR plant refers to a nuclear power plant with a capacity of less than 300 MW. In addition, “modular” refers to the serial production principle applied to their construction. However, there is no clear-cut definition of an SMR plant.
Nuclear energy programme
The goal of our nuclear energy programme is to find a sustainable solution that supports Helen’s goal of non-combustion district heat production, creating a competitive basis for a long time to come.
In the programme, we assess the prerequisites for combined heat and power and thermal reactors, based on proven solutions, for being included as part of our energy system. The final decision on proceeding with the programme and on the plant concept will be made on the basis of business models and a thorough assessment of the overall project profitability.
In the nuclear energy programme, we will also build the necessary capabilities for project management as well as for the operation and safety of the plant, which also requires the creation of a strong and capable partner network.
Helen has more than one hundred years of experience in energy production and the operation of power plants. We have also been co-owners in Finnish nuclear power since its early years. We are known as a pioneer of the energy industry and one of the most reliable energy companies in the world. Now we are taking another step towards a new era of energy.
Components of the preparatory phase of the nuclear energy programme:
Establishment of a business model
- Shareholders and investment
- Production control and cost allocation
- Plant concept
Selections related to the plant supplier
- Main designer and plant technology
- Implementer and implementation method
- Contract template
Plant site
- Preparations for the permit process
- Environmental impact assessment
- Safety assessment
