Estonia’s Fermi Energia has signed a collaboration agreement with Canadian construction company Aecon to advance cooperation on the development and deployment of GE Vernova Hitachi Nuclear Energy’s BWRX-300 small modular reactor technology in Estonia.
The signing of the collaboration agreement by Greg Thede, Vice President, Nuclear Strategy, Business Development & Services, Aecon (left) and Kalev Kallemets, CEO of Fermi Energia (Image: Aecon)
The agreement establishes a cooperative framework for Aecon and Fermi Energia to collaborate during the SMR development phase as the exclusive provider to develop a qualified domestic nuclear capability, modeled after the Canadian experience, to benefit BWRX-300 deployment in Estonia.
During the agreement’s three-year term, the parties will strategize, plan, and evaluate plans for the deployment of the BWRX-300 in Estonia. Fermi Energia and Aecon will work together on a pre-construction schedule and cost plan, and development of a capable reactor building deployment team, in collaboration with local and international partners.
Aecon is providing construction services including project management, construction planning and execution for the deployment of the BWRX-300 at Ontario Power Generation’s (OPG’s) Darlington site in Canada. The government of Ontario gave its approval for construction to begin on the 8th of May this year. OPG says it is set to be the first commercial grid-scale SMR in North America, with an in-service target date of 2030.
Aaron Johnson is the Senior Vice President of Aecon Nuclear. He said, “We are proud to partner with Fermi Energia as Estonia advances its SMR program in support of the energy transition. Aecon’s experience working on the G7’s first BWRX-300 in Canada gives us the unique position to bring our strong nuclear expertise and technical solutions to one of the most critical aspects of this new build program, including advanced manufacturing, automation processes, lessons learned and best practices.”
Kalev Kallemets is the CEO of Fermi Energia. He added, “This agreement builds on Aecon’s proven experience and gives Estonia access to the world’s most advanced SMR construction expertise. It is a significant step forward towards our goal of delivering safe, reliable, and carbon-free nuclear energy for Estonia’s future.”
Fermi Energia was founded by Estonian energy and nuclear energy professionals to develop and deploy of SMRs in Estonia. In July 2019, the company launched a feasibility study on the use of SMRs for Estonia’s electricity supply and climate goals beyond 2030. This followed a financing round from investors and shareholders.
In February of 2023, Fermi Energia selected GE Vernova Hitachi Nuclear Energy’s BWRX-300 SMR for potential deployment by the early 2030s. The BWRX-300 design is a three hundred megawatt water-cooled, natural circulation SMR with passive safety systems that is based on the design and licensing basis of the company’s ESBWR boiling water reactor.
Fermi Energia intends to submit a construction permit application for the proposed plant in 2029, with construction targeted to begin in 2031. The first of two SMRs is scheduled to be operational by the second half of 2035.
Fermi Energia