Jun 25, 2025
Westinghouse and Hyundai strengthen their collaboration with Fortum.
Finnish utility Fortum has entered into an Early Work Agreement with Westinghouse and Hyundai Engineering & Construction for the potential installation of an AP1000 reactor in Finland.
In October 2022, Fortum initiated a feasibility study to assess the commercial, technological, and societal conditions for new nuclear projects in the two Nordic countries. The study included extensive discussions with various technology vendors, potential partners, customers, and societal stakeholders.
In March, Fortum announced it had chosen two major reactor vendors and one small modular reactor vendor for further discussions following its feasibility study. The company stated it would enhance collaboration with two conventional reactor technology providers—EDF (EPR) and Westinghouse-Hyundai (AP1000)—and one small modular reactor developer, GE-Hitachi (BWRX-300).
Westinghouse and Hyundai E&C have now formalized an Early Work Agreement with Fortum, covering initial project planning, site assessment, and focused licensing activities, including pre-licensing dialogue and compliance evaluations.
"With the AP1000 reactor, Fortum is advancing the world's most proven Gen III+ technology that is achieving operational and performance milestones globally," stated Elias Gedeon, Senior Vice President of Westinghouse Energy Systems. "This AP1000 project will not only provide clean, reliable baseload power to the Nordics but will also bring significant economic benefits and high-quality jobs for years while enhancing energy security."
"HDEC is honored to see the progress in bringing the proven Gen III+ AP1000 reactor to Fortum," said Young Choi, Executive Vice President of Hyundai E&C New Energy Division. "As a leading global EPC company with 55 years of ongoing nuclear construction experience alongside Westinghouse, we will foster clean energy and sustainable value in the Nordics."
Earlier this month, Fortum also signed a similar Early Work Agreement with EDF for the potential deployment of an EPR reactor.
In October 2022, Fortum initiated a feasibility study to assess the commercial, technological, and societal conditions for new nuclear projects in the two Nordic countries. The study included extensive discussions with various technology vendors, potential partners, customers, and societal stakeholders.
In March, Fortum announced it had chosen two major reactor vendors and one small modular reactor vendor for further discussions following its feasibility study. The company stated it would enhance collaboration with two conventional reactor technology providers—EDF (EPR) and Westinghouse-Hyundai (AP1000)—and one small modular reactor developer, GE-Hitachi (BWRX-300).
Westinghouse and Hyundai E&C have now formalized an Early Work Agreement with Fortum, covering initial project planning, site assessment, and focused licensing activities, including pre-licensing dialogue and compliance evaluations.
"With the AP1000 reactor, Fortum is advancing the world's most proven Gen III+ technology that is achieving operational and performance milestones globally," stated Elias Gedeon, Senior Vice President of Westinghouse Energy Systems. "This AP1000 project will not only provide clean, reliable baseload power to the Nordics but will also bring significant economic benefits and high-quality jobs for years while enhancing energy security."
"HDEC is honored to see the progress in bringing the proven Gen III+ AP1000 reactor to Fortum," said Young Choi, Executive Vice President of Hyundai E&C New Energy Division. "As a leading global EPC company with 55 years of ongoing nuclear construction experience alongside Westinghouse, we will foster clean energy and sustainable value in the Nordics."
Earlier this month, Fortum also signed a similar Early Work Agreement with EDF for the potential deployment of an EPR reactor.