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Atomic energy technology, politics, and perceptions from a nuclear energy insider who served as a US nuclear submarine engineer officer

Finnish industry planning for 2-3 more nukes

February 8, 2008 By Rod Adams

Even though the Olkiluoto plant in Finland has experienced the typical first of a kind project delays and budget expansions, Finnish industry is working on plans for an additional 2 or 3 new nuclear power plants. According to an article titled Two More Nuclear Units To Be Sought published by YLE.fi the main reason for the interest is a desire by industry to increase electrical supply so that prices decrease.

By EU standards, electricity is still inexpensive in Finland. Even so, the Finnish Technology Industries association, which accounts for about half of the nation’s exports, says that prices are still too high.

Its answer is the law of supply and demand: more power production will mean cheaper energy. And so, it wants to see at least two, preferably three new nuclear power units come online.

The new unit under construction at TVO’s Olkiluoto nuclear plant will generate 12.3 to 13 terawatt hours of electricity a year. Finnish Technology Industries Energy Director Martti Kätkä says that the nation needs at least two more with the same level of generating capacity.

Compare that thought to the commonly stated wisdom in the US that the way to avoid expensive electricity is conserve enough electricity so industry never has to build any new plants.

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About Rod Adams

Rod Adams is Managing Partner of Nucleation Capital, a venture fund that invests in advanced nuclear, which provides affordable access to this clean energy sector to pronuclear and impact investors. Rod, a former submarine Engineer Officer and founder of Adams Atomic Engines, Inc., which was one of the earliest advanced nuclear ventures, is an atomic energy expert with small nuclear plant operating and design experience. He has engaged in technical, strategic, political, historic and financial analysis of the nuclear industry, its technology, regulation, and policies for several decades through Atomic Insights, both as its primary blogger and as host of The Atomic Show Podcast. Please click here to subscribe to the Atomic Show RSS feed. To join Rod's pronuclear network and receive his occasional newsletter, click here.

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