Estonia-based private nuclear energy developer Fermi Energia has made “substantial progress” towards the deployment of small modular reactors (SMRs) and expects the first units to be online around 2035-2036, chief executive Kalev Kallemets told NucNet.
Kallemets said the company, which is planning to deploy GE Vernova’s BWRX-300 SMR technology, is on track to begin construction by 2030, despite challenges related to siting, regulation and infrastructure,
Since its founding in 2019, Fermi Energia has gained political and public support for SMRs, culminating in a June 2024 vote in the Estonian parliament to approve the use of nuclear energy.
The vote followed concern over Estonia’s energy security and volatility of imported electricity prices from Finland and Sweden.
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