Fortum has narrowed its forecast for 2026 nuclear generation to 23.0TWh, from a previous range of 23.0–23.5TWh. The change appears in its 28 October interim report and gives electricity-market participants a tighter view of expected annual output.
The company says low reservoir levels reduced Nordic hydropower availability, while lower regional nuclear availability also supported power prices. That regional assessment should not be confused with Fortum’s own third-quarter nuclear output, which increased year on year.
Fortum also highlighted the 22-year power purchase agreement signed with Google during the third quarter. That earlier agreement supports the long-term use of Loviisa’s output following the plant’s lifetime extension; it is context for the generation business, not a newly awarded October contract.
For the power-sector workforce and supply chain, the update concerns the operating and commercial outlook for existing assets. It does not announce a new reactor project or a quantified recruitment programme.
Fortum employer profile · Browse nuclear jobs.
Source: Official announcement, 2026-10-28.
Image credit: File photograph: Loviisa nuclear power plant, Finland, 5 October 2020. An existing Fortum facility, photographed before the current reporting period. Thomas Gartz / Wikimedia Commons, CC BY-SA 4.0. Source photograph · CC BY-SA 4.0. Resized and converted to WebP; image adaptation remains under the same licence.
Energy People news brief, compiled with AI assistance from the linked sources.
