Financial statement of National Nuclear Waste Management Fund for 2025 has been adopted

The Ministry of Economic Affairs and Employment has adopted the financial statement of the National Nuclear Waste Management Fund for 2025 and decided on the recognition of the profit of the Fund as revenue. The Fund consists of two separate assets, the Financial Provision Fund and the Research Fund for Nuclear Waste and Nuclear Safety Research, which focuses on expertise in the nuclear energy use.

The purpose of the National Nuclear Waste Management Fund is to ensure that Finland has sufficient funds and competence to arrange nuclear waste management under all circumstances. The Fund is not part of the Budget, and it operates under the Ministry of Economic Affairs and Employment.

The fund’s profit from the Financial Provision Fund, EUR 99,535,564.49, will be added to the fund shares of the entities responsible for waste management in proportion to their respective assets available to be used by the fund during the calendar year. The entities responsible for waste management are Fortum Power and Heat Oy, Teollisuuden Voima Oyj, VTT Technical Research Centre of Finland Ltd and Posiva Oy. The administrative costs of the Financial Provision Fund amounted to EUR 405,147.

Funds for the Financial Provision Fund are collected to prepare for a situation where the State would become liable for the future costs of nuclear waste management. The EUR 3.0 billion in assets in the fund at the end of the financial period that has now been completed cover the costs of the remaining waste management of all nuclear waste generated in Finland. This amount also includes the demolition costs of the existing plants. 

The capital of the Financial Provision Fund is composed of nuclear waste management fees and returns from lending and investment operations. Operators whose activities produce nuclear waste are obliged to pay nuclear waste management fees.

Assets from the fund have been re-lent to the companies responsible for nuclear waste management, invested in serial bonds of the State of Finland and invested in the interest and stock market through asset managers.

Research fund ensuring expertise in nuclear energy use

Funds are collected annually for the fund to finance research activities in the sector. In 2025 about EUR 8.0 million were collected for research on nuclear safety. 

The research fund allocated EUR 8,246,339 in funding for research projects on nuclear safety and nuclear waste management through the SAFER2028 research programme. EUR 568,558 was granted to the administrative project of the research programme. The administrative costs of the research fund amounted to EUR 86,721. The deficit of the research fund during the financial period, EUR 62,867.33, will be deducted from the capital of the fund.

On 5 March 2026, the Ministerial Finance Committee decided in favour of a proposal to allow the Ministry of Economic Affairs and Employment to approve the financial statements of National Nuclear Waste Management Fund for 2025 in accordance with the proposal of the Fund’s Board of Directors. 

Inquiries:
Linda Kumpula, Senior Specialist, Ministry of Economic Affairs and Employment, tel. +358 295 060 125
Sami Eriksson, Director of the Fund, tel. +358 295 047 231