US-based Westinghouse Electric Company and Finland’s Fortum have signed agreements to study the possibilities for the development and deployment of AP1000 and AP300 nuclear power reactor projects in Finland and Sweden.

The agreements establish a framework of collaboration for detailed technical and commercial discussions and explore cooperation on the next steps to implement Westinghouse reactor technologies in both countries.

Fortum is already leading a two-year feasibility study that will look at small modular reactor (SMR) applications in Finland. The company owns and operates the two-unit Loviisa nuclear power station in Finland. It also has a share in nuclear plants at Olkiluoto, Oskarshamn and Forsmark in Sweden.