E.ON provides strong nuclear energy expertise

Minority shareholder of Fennovoima with its 34 percent share is a nuclear expert E.ON Kärnkraft Finland. It is a part of E.ON, the world’s largest privately owned energy company and the second largest nuclear power company in Europe. The Finnish founding shareholders of Fennovoima chose E.ON as their partner in the project because the nuclear energy expertise of E.ON is necessary in supplementing and developing Fennovoima’s own expertise throughout the project.

E.ON employs about 80,000 employees in 31 countries. In Europe E.ON operates more than 200 major electricity production facilities with a combined capacity of about 61,000 MW. E.ON is the owner or co-owner of 21 reactors operating in Europe. For nine of these, E.ON is the responsible licensee. The company employs some 4,000 people in its nuclear energy division.

E.ON Kärnkraft Finland AB is a limited liability company, that pays tax on its income to Finland according to the Finnish tax legislation.

Know-how for the entire life cycle of a nuclear power plant

Fennovoima is the only power company in Finland that, through one of its shareholders, already has first-hand experience of the entire life cycle of a nuclear power plant, including decommissioning. E.ON’s expertise covers all aspects of the life cycle of a nuclear power plant: from uranium and nuclear fuel procurement to nuclear waste management and decommissioning including design and operations. The service record of the company’s nuclear power plants is at the top of its field. The annual average of the capacity factors of E.ON nuclear power plants is consistently over 90%.

Safety and reliability are high in the order of importance of Fennovoima, and E.ON’s partnership supports this field as well. E.ON has made considerable investments in the reliability of its nuclear power plants, for instance by replacing and modernizing automation systems in its facilities. Since the 1980’s, E.ON has been conducting voluntary and extensive periodic safety reviews, and made changes and improvements to further enhance safety at its power plants.

E.ON has a nuclear safety policy applying to all its nuclear power functions, monitored and developed by the company’s internal nuclear safety council. Fennovoima observes the key principles of this nuclear safety policy. An important part of the Fennovoima Project is the Center of Competence – Nuclear of E.ON Kernkraft, because the Center’s 150–200 experts are at the disposal of Fennovoima.

Experts are at the disposal of Fennovoima through every phase

At the preparation phase of the project, some 60 of E.ON experts have participated in the feasibility studies of the plant options considered by Fennovoima, the nuclear fuel and waste management studies, the evaluation of alternative plant sites and the environmental impact assessment.

During the construction phase, E.ON’s expertise in the implementation of major power plant projects will help Fennovoima complete the nuclear power plant successfully. During the commissioning and operation phases, Fennovoima can draw on E.ON’s expertise in the operation of its own power plants for support.

For more information go to E.ON’s homepage.