Posiva Oy is a Finnish company with headquarters in the municipality of

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 mu ...

, Finland. It was founded in 1995 by

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 ...

(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 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 const ...

, the world's first deep geological repository, at the

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 ...

site.

References

Companies established in 1995 Eurajoki Privately held companies of Finland Radioactive waste repositories 1995 establishments in Finland {{Energy-company-stub