Fortum sells half of Loviisa nuclear output to Google, assures affordable prices

Fortum has signed a long-term power purchase agreement with Google for half of the electricity from its Loviisa nuclear plant, responding to rising demand by boosting production. The deal locks in a significant share of baseload supply for a tech giant, raising questions about price impacts for Finnish consumers. Fortum's CEO asserts prices will remain affordable, but the scale of the off-take could tighten domestic supply.

AI disclosure: Model-written summary of the source, not a verified fact. Check the sources. How Mosaic works