Press releases

05.11.2015 12:00

Posiva sets sights on export markets

Posiva Oy, a Finnish expert company in nuclear waste management, has developed a final disposal solution for spent nuclear fuel within a pioneering R&D initiative. The solution attracts wide global interest and Posiva is now about to convert the expertise accumulated over several decades into a business opportunity. To this end, Posiva aims at offering expertise services on global markets.

Posiva is a research company developing a solution for final disposal of spent nuclear fuel. The company is known for the ONKALO characterisation facility it has built on the island of Olkiluoto in Finland. Guided by extreme safety requirements, the work that started in the 1970's has resulted in the development of several innovative technical solutions and equipment as well as unique knowhow based on diversified research in multiple fields. Posiva┬┤s expertise is in wide commercial demand.

- The time is now favourable for starting the service business. Our development project has reached a stage where we have ready solution models and service packages that can be flexibly adapted to the local circumstances of companies planning their nuclear waste management. On the other hand, with the adoption of the Nuclear Waste Regulation in the EU, the Commission requires member states to put in place national waste management plans. It is to be expected that due to the requirements of the Commission the member states also now need to proceed with their plans. This creates a unique opportunity to meet demand with supply, says President and CEO of Posiva, Mr. Janne Mokka.

- Many Finnish firms and research organisations have been involved in Posiva's projects over the years. As a result of this, we now have a cluster of unique multidisciplinary expertise in nuclear waste management. Good cooperation and a networked approach enables us to create export business opportunities for Finland, with good prospects of significant growth in the coming years, continues Mr. Mokka.

Posiva Oy is in charge of executing in Olkiluoto the final disposal of the spent nuclear fuel generated by Posiva's owners, Teollisuuden Voima at its power plant in Olkiluoto and Fortum at its power plant in Loviisa. The R&D project is now moving on to the construction stage of the final disposal facility.  Teollisuuden Voima owns 60 percent and Fortum 40 percent of Posiva Oy.

For more information, please contact:
Janne Mokka, President and CEO, Posiva Oy, tel. +358 2 8372 3800

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