In a statement, Outokumpu said it will look at the feasibility of installing a small modular reactor in Finland as a way to advance its decarbonization goals. A first step, it said, will be to develop potential business models and technical solutions. Any potential investment decisions will be made at a later stage, the company said. 

“Looking into emerging technologies in our energy supply, is a natural step in our ambition to reduce CO₂ emissions. In addition to wind, solar, and hydropower, energy-intensive industries and the whole society needs stable and CO₂-free electricity generation. Today nuclear power is the only alternative for this,” said Outokumpu president and chief executive Heikki Malinen.