Laurentis Energy Partners of Canada and Estonian energy company Fermi Energia have signed an agreement to work together to support the development of small modular reactors in Estonia.
The aim is to develop an efficient and reliable SMR deployment programme that will lead to successful licensing and financing of multiple SMR units in Estonia. This will help ensure affordable energy independence and decarbonisation.
Fermi Energia chief executive officer Kalev Kallemets said nuclear energy is clean and carbon-free, which is why the European Union has concluded it meets the criteria for sustainable financing as part of its sustainable finance taxonomy.
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