New business opportunities in nuclear
Global nuclear business is renewing and creating new opportunities for both new and existing companies through research and innovation
In fusion, efforts are moving from research to proving the concepts, which calls for increased participation from companies, not only hi-tech but also basic industry. This site focuses on opportunities in fusion and showcases the technology and science behind them.
New nuclear in general opens business opportunities to many modern technologies and players. At the same time, more traditional nuclear power plants are being decommissioned, and companies are looking for more efficient dismantling and demolition solutions connected with circular economy, as well as final repository solutions.
This family of ecosystem projects is managed by the Finnish nuclear energy industrial association, FinNuclear. Read more on the FinNuclear website
ILO matches tenders to companies
A network of Industrial Liaison Officers (ILOs) from different European countries works together with F4E (Fusion for Energy, the European Domestic Agency for ITER) to raise awareness regarding business opportunities and ways to get involved in the ITER project. ILO distributes information on procurement packages and facilitates partnerships among companies.
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ITER is the largest joint R&D project worldwide
The ITER ecosystem creates the ultimate scientific and commercial framework for international networking and competence development. The backbone of the ITER project is formed by industry, SMEs (small and medium-sized enterprises), and research organisations. Without their commitment, commercial fusion will remain a distant dream. Getting the business sector on board and finding the best feasible way to work together is the priority of the ITER Organization (IO) and Fusion for Energy (F4E).
F4E manages Europe’s contribution to ITER
The construction of ITER and the investment in the development of fusion energy technology creates many business opportunities. In Europe, the contracting party for ITER procurements is Fusion for Energy (F4E).
F4E works together with European industry, SMEs, and research organisations to provide a wide range of high technology components, as well as engineering and support services for ITER. With Europe contributing to nearly half of the project, the possibilities of being part of this unique international collaboration are endless. FinnFusion aims to combine Fusion for Energy (F4E) and Finnish national objectives.
DEMO – going beyond ITER
The DEMO reactor is currently entering the conceptual design phase. Consequently, there is still freedom for research and even more significant innovation potential than in ITER, including opportunities for the industry.
EUROfusion is farming out industry tasks relating the DEMO reactor to member organisations around Europe. During the next few years, VTT will coordinate and makes several procurements in Finland, related e.g. to nuclear waste management.
Big Science projects offer big opportunities
International operations are of paramount importance to Finnish companies and research institutes in enhancing their competitiveness and expertise. Big Science projects are a notable platform for such activities, facilitating international development and networking with the best actors both in scientific research and business.
Active participation in these projects will keep Finnish companies at the topical international tables and bring about export opportunities also in other application areas.