Consulting company TVO Nuclear Services (TVONS), a subsidiary of Teollisuuden Voima Oyj, owner and operator of Finland’s three-unit Olkiluoto nuclear plant, has signed a memorandum of understanding with Norsk Kjernekraft, aka Norwegian Nuclear, a firm established last July with the goal of bringing small modular reactors to power reactor–deprived Norway.

A June 27 announcement from TVO said the new MOU provides the Norwegian firm with “access to the know-how and experience of one of the world’s best-known nuclear power companies” and stressed TVO’s 60 percent ownership of Posiva, the company responsible for the disposal of Finland’s spent nuclear fuel. “Posiva has successfully built the world’s first final disposal facility for high-level nuclear waste,” TVO stated. “This is decisively important for Norwegian Nuclear’s plans for the management of the entire life cycle of nuclear power.”