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After the Finnish Nuclear Energy Act [7] was amended in 1994 to specify that all nuclear waste produced in Finland must be disposed of in Finland, Olkiluoto was selected in 2000 as the site for a long-term underground storage facility for Finland's spent nuclear fuel. The facility, named "Onkalo" (meaning "small cave" or "cavity") [8] is being ...
The Onkalo spent nuclear fuel repository is a deep geological repository for the final disposal of spent nuclear fuel, the first such repository in the world. It is currently under construction at the Olkiluoto plant by the company Posiva, owned by the nuclear power plant operators Fortum and TVO.
In 2019, Posiva Ltd. announced that the construction of the spent nuclear fuel handling facility for Onkalo and installation of the requisite equipment in the Onkalo tunnels will begin. [4] The contract was awarded to Skanska, and the expected date of completion will be in summer 2022. The operation of the facility will begin in the 2020s. [5]
Posiva, owned by Finnish utilities Fortum and Teollisuuden Voima, plans to bury used nuclear fuel around 400 metres (1,312 feet) deep in Onkalo bedrock on Olkiluoto island, some 230 km northwest ...
In 2009, Finland imported nuclear fuel from Sweden (40%), Russia (18%), Germany (2%) and other countries (40%). [27] In 2006 the other country source of nuclear fuel was Spain. [28] Talvivaara Mining Company applied for uranium mining permission on 20 April 2010. [29] This was the first uranium application in the history of Finland.
The plant supplies 6% of California's power, but carries a 1 in 37,000 chance of experiencing a Chernobyl-style nuclear meltdown within five years. ... solar cost three times what nuclear did, and ...
In 2014, the US Energy Information Administration estimated that for new nuclear plants going online in 2019, capital costs will make up 74% of the levelized cost of electricity; higher than the capital percentages for fossil-fuel power plants (63% for coal, 22% for natural gas), and lower than the capital percentages for some other nonfossil ...
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