Sandor Liive, Chairman of the Board of Fermi Energia, met with Dan Milstein, Director of the European Division of the US Department of Energy in Tallinn. The meeting discussed the future prospects for small modular reactors and US technology in this field.
"I assured our allies that we are very clear that we have decided to use the new generation of Western technology for the construction of the nuclear power plant and we will exclude other bidders because we clearly understand that we have to think about the security dimension in addition to the economic viability," Liive explained.
"There are a number of companies in the United States whose technology could be of interest to us. In order to select the final technology, we are looking forward to the completion of the first new generation of modular reactors, which will happen in 2026 at the earliest," said Liive.
Dan Milstein expressed the willingness of the US Department of Energy to share its expertise and experience to support the construction of a state-of-the-art climate-neutral small modular reactor in Estonia, if it proves to be an economically viable and state-supported solution.
Fermi Energia's goal is to bring Estonia's energy production into the 21st century by developing a modern, small nuclear power plant that will ensure Estonia's security of electricity supply in all weather conditions, affordable prices for electricity consumers, and meet the country's climate targets.
Fermi Energia was founded by Estonian nuclear energy and physics PhDs Mati Jeltsov, Kaspar Kööp, Henri Ormus and Mait Müntel and energy economics PhDs Sandor Liive and Kalev Kallemets. To date, €280 000 has been invested in the company to carry out the feasibility study.