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POSIVA
Posiva Oy is a Finnish company with headquarters in the municipality of Eurajoki, Finland. It was founded in 1995 by Teollisuuden Voima (60% of stock) and Fortum (40% of stock), two Finnish nuclear plant operators, for researching and creating a method of final disposal of spent nuclear fuel from their plants. For this purpose, Posiva is currently constructing the Onkalo spent nuclear fuel repository, the world's first deep geological repository A deep geological repository is a way of storing hazardous or radioactive waste within a stable geologic environment (typically 200–1000 m deep). It entails a combination of waste form, waste package, engineered seals and geology that is suite ..., at the Olkiluoto Nuclear Power Plant site. References Companies established in 1995 Eurajoki Privately held companies of Finland Radioactive waste repositories 1995 establishments in Finland {{Energy-company-stub ...
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Onkalo Spent Nuclear Fuel Repository
The Onkalo spent nuclear fuel repository is a deep geological repository for the final disposal of spent nuclear fuel. It is near the Olkiluoto Nuclear Power Plant in the municipality of Eurajoki, on the west coast of Finland. It is being constructed by Posiva, and is based on the KBS-3 method of nuclear waste burial developed in Sweden by Svensk Kärnbränslehantering AB (SKB). The facility is expected to be operational in 2023. History After the Finnish Nuclear Energy Act was amended in 1994 to specify that all nuclear waste produced in Finland must be disposed of in Finland, Olkiluoto was selected in 2000 as the site for a long-term underground storage facility for Finland's spent nuclear fuel. The facility, named "Onkalo" (meaning "small cave" or "cavity") is being built in the granite bedrock at the Olkiluoto site, about five kilometers from the power plants. The municipality of Eurajoki issued a building permit for the facility in August 2003 and excavation began in ...
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High-level Radioactive Waste Management
High-level radioactive waste management concerns how radioactive materials created during production of nuclear power and nuclear weapons are dealt with. Radioactive waste contains a mixture of short-lived and long-lived nuclides, as well as non-radioactive nuclides. There was reportedly some of high-level nuclear waste stored in the United States in 2002. The most troublesome transuranic elements in spent fuel are neptunium-237 (half-life two million years) and plutonium-239 (half-life 24,000 years). Consequently, high-level radioactive waste requires sophisticated treatment and management to successfully isolate it from the biosphere. This usually necessitates treatment, followed by a long-term management strategy involving permanent storage, disposal or transformation of the waste into a non-toxic form. Radioactive decay follows the half-life rule, which means that the rate of decay is inversely proportional to the duration of decay. In other words, the radiation from a lo ...
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Deep Geological Repository
A deep geological repository is a way of storing hazardous or radioactive waste within a stable geologic environment (typically 200–1000 m deep). It entails a combination of waste form, waste package, engineered seals and geology that is suited to provide a high level of long-term isolation and containment without future maintenance. This will prevent any radioactive dangers. A number of mercury, cyanide and arsenic waste repositories are operating worldwide including Canada (Giant Mine) and Germany (potash mines in Herfa-Neurode and Zielitz) and a number of radioactive waste storages are under construction with the Onkalo in Finland being the most advanced. Principles and background Highly toxic waste that cannot be further recycled must be stored in isolation to avoid contamination of air, ground and underground water. Deep geological repository is a type of long-term storage that isolates waste in geological structures that are expected to be stable for millions of years, ...
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Finland
Finland ( fi, Suomi ; sv, Finland ), officially the Republic of Finland (; ), is a Nordic country in Northern Europe. It shares land borders with Sweden to the northwest, Norway to the north, and Russia to the east, with the Gulf of Bothnia to the west and the Gulf of Finland across Estonia to the south. Finland covers an area of with a population of 5.6 million. Helsinki is the capital and largest city, forming a larger metropolitan area with the neighbouring cities of Espoo, Kauniainen, and Vantaa. The vast majority of the population are ethnic Finns. Finnish, alongside Swedish, are the official languages. Swedish is the native language of 5.2% of the population. Finland's climate varies from humid continental in the south to the boreal in the north. The land cover is primarily a boreal forest biome, with more than 180,000 recorded lakes. Finland was first inhabited around 9000 BC after the Last Glacial Period. The Stone Age introduced several differ ...
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Olkiluoto Nuclear Power Plant
The Olkiluoto Nuclear Power Plant ( fi, Olkiluodon ydinvoimalaitos, sv, Olkiluoto kärnkraftverk) is one of Finland's two nuclear power plants, the other being the two-unit VVER Loviisa Nuclear Power Plant. The plant is owned and operated by Teollisuuden Voima Oyj (TVO), a subsidiary of Pohjolan Voima, and is located on Olkiluoto Island, on the shore of the Gulf of Bothnia, in the municipality of Eurajoki in western Finland, about 20 kilometres from the town of Rauma and about 50 kilometres from the city of Pori. The Olkiluoto plant consists of two boiling water reactors (BWRs), each producing 890  MW of electricity, together comprising 22% of the country's electricity generation for 2020. A third reactor, Unit 3, reached first criticality in late 2021, and at a nameplate capacity of 1,600 MW net electric output, will by itself satisfy 14% of the country's electricity demand. Unit 3 is an EPR reactor and has been under construction since 2005. The start of commercial ...
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Osakeyhtiö
''Osakeyhtiö'' (; " stock company"), often abbreviated to Oy (), is the term for a Finnish limited company (e.g., Ltd, LLC, or GmbH). The Swedish-language term is '' aktiebolag'', often abbreviated (in Finland) to Ab. The Swedish abbreviation is sometimes included, as in ''Ab Company Oy'', ''Oy Company Ab'', or ''Company Oy Ab''. The abbreviations have been styled in many ways, such as ''Oy'', ''OY'', ''O.Y.'', or even ''O/Y''. The English form is ''Ltd.'' ''Julkinen osakeyhtiö'' ''Julkinen osakeyhtiö'' (pl. ''julkiset osakeyhtiöt'') means "public stock company" and is abbreviated to oyj (). A ''julkinen osakeyhtiö'' can be listed on the Helsinki Stock Exchange. The term's Swedish equivalent is ''Abp'' (''publikt aktiebolag''). An oyj may be called a public limited company or public company in English and may use the abbreviation PLC or the term corporation in the company's English name, for example Remedy Entertainment Plc, Kone Corporation and Nokia Corporation. Re ...
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Eurajoki
Eurajoki ( sv, Euraåminne) is a municipality of Finland located in the region of Satakunta in the province of Western Finland. The municipality has a population of () and covers an area of of which is water. The population density is . The municipality is unilingually Finnish. Economy Two of Finland's four nuclear reactors are on the island of Olkiluoto in Eurajoki, and a third one is under construction. The two other operating reactors are at the Loviisa Nuclear Power Plant. Site-preparation for the construction of the Onkalo spent nuclear fuel repository, a deep geological repository for spent nuclear fuel, is going on (as of Q4 2022).https://klassekampen.no/utgave/2022-10-29/kjernefamilien. Klassekampen.no. Retrieved 2022-10-29 The site will be a permanent facility for spent-fuel storage. Transport The distance from the church village of Eurajoki to the nearest town, Rauma, is , and to the nearest city, Pori, is . Highway 8 ( E8) and the railway between Kokemäki an ...
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Energy Industry
The energy industry is the totality of all of the industries involved in the production and sale of energy, including fuel extraction, manufacturing, refining and distribution. Modern society consumes large amounts of fuel, and the energy industry is a crucial part of the infrastructure and maintenance of society in almost all countries. In particular, the energy industry comprises: * the fossil fuel industries, which include petroleum industries (oil companies, petroleum refiners, fuel transport and end-user sales at gas stations) coal industries (extraction and processing) and the natural gas industries ( natural gas extraction, and coal gas manufacture, as well as distribution and sales); * the electrical power industry, including electricity generation, electric power distribution and sales; * the nuclear power industry; * the renewable energy industry, comprising alternative energy and sustainable energy companies, including those involved in hydroelectric power ...
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Teollisuuden Voima
Teollisuuden Voima Oyj (TVO; sv, Industrins Kraft Abp, Industrial Power Corporation) is a Finnish nuclear power company owned by a consortium of power and industrial companies. The biggest shareholders are Pohjolan Voima and Fortum. The company operates Olkiluoto Nuclear Power Plant, which consists of two BWRs (boiling water reactors), an EPR (European Pressurized Reactor) which reached first criticality in 2021, and one half of a coal-fired power plant along with a wind farm. The third reactor at Olkiluoto was expected to be ready in 2009, but last estimate is 2021. TVO has filed compensation claim for delays, and Areva-Siemens have counter-claimed against TVO. Arbitrators at the International Chamber of Commerce are considering the claims. On 21 April 2010, the Government of Finland decided to grant a permit for construction of fourth reactor at Olkiluoto. The decision was approved by the Parliament on 1 July 2010. In 2014 this permit expired, and was not renewed b ...
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Fortum
Fortum Oyj is a Finnish state-owned energy company located in Espoo, Finland. In addition to Finland, it focuses on Germany and other countries in Central Europe, Great Britain, Russia and the Nordic region. Fortum operates power plants, including co-generation plants, and generates and sells electricity and heat. The company also sells waste services such as recycling, reutilisation, final disposal solutions and soil remediation and environmental constructions services, and other energy-related services and products e.g. consultancy services for power plants and electric vehicle charging. Fortum is listed on the NASDAQ OMX Helsinki stock exchange. In 2020 Fortum was the biggest company in Finland by its revenue. The majority of its income came from Uniper that became Fortum's subsidiary in March 2020. Uniper was nationalised by Germany on the for 8 billion euros. Fortum is Europe's third-largest producer of carbon-free electricity, Europe's second-largest producer of nucle ...
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Helsingin Sanomat
''Helsingin Sanomat'', abbreviated ''HS'' and colloquially known as , is the largest subscription newspaper in Finland and the Nordic countries, owned by Sanoma. Except after certain holidays, it is published daily. Its name derives from that of the Finnish capital, Helsinki, where it is published. It is considered a newspaper of record for Finland. History and profile The paper was founded in 1889 as ''Päivälehti'', when Finland was a Grand Duchy under the Tsar of Russia. Political censorship by the Russian authorities, prompted by the paper's strong advocacy of greater Finnish freedoms and even outright independence, forced Päivälehti to often temporarily suspend publication, and finally to close permanently in 1904. Its proprietors re-opened the paper under its current name in 1905. Founded as the organ of the Young Finnish Party, the paper has been politically independent and non-aligned since 1932. During the Cold War period ''Helsingin Sanomat'' was among the Finn ...
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World Nuclear Association
World Nuclear Association is the international organization that promotes nuclear power and supports the companies that comprise the global nuclear industry. Its members come from all parts of the nuclear fuel cycle, including uranium mining, uranium conversion, uranium enrichment, nuclear fuel fabrication, plant manufacture, transport, and the disposition of spent nuclear fuel, used nuclear fuel as well as electricity generation itself. Together, World Nuclear Association members are responsible for 70% of the world's nuclear power as well as the vast majority of world uranium, conversion and Enriched uranium, enrichment production. The Association says it aims to fulfill a dual role for its members: Facilitating their interaction on technical, commercial and policy matters and promoting wider public understanding of nuclear technology. It has a secretariat of around 30 staff. The Association was founded in 2001 on the basis of the Uranium Institute, itself founded in 1975. ...
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