Fortum shelves nuclear plans to focus on renewables and plant upgrades

Nuclear Power Feasibility: Fortum's two-year study concluded that new nuclear power is not commercially viable under current Nordic market conditions, but could be feasible with a solid risk-sharing framework and increased customer demand.

Focus on Renewables and Nuclear Upgrades: The company plans to prioritize renewable energy expansion and extend the lifespan of existing nuclear plants while collaborating with suppliers to mitigate risks before making investment decisions in new nuclear projects.