At Millbank, we’ve been watching the journey of Olkiluoto 3 (OL3) with great interest. The final takeover of this revolutionary EPR (European Pressurised Reactor) unit by Finland’s Teollisuuden Voima Oyj (TVO) is more than just a contractual milestone — it’s a landmark event in the ongoing story of European nuclear energy and engineering.

After years of determined effort and complex problem-solving, the successful completion of OL3 marks a proud moment not only for Areva and its restructuring journey, but for the entire French nuclear industry. As France’s Government Shareholding Agency takes pride in this achievement, it's clear that the long-term vision and strategic resilience of national players like Areva, Framatome, EDF and Siemens have paid off.

OL3, now officially transferred to the Finnish operator, is expected to supply a remarkable 15% of Finland’s electricity needs. That figure alone underlines the critical role nuclear energy continues to play in European energy sovereignty and decarbonisation efforts.

At Millbank, we understand the immense scope and technical complexity that projects like OL3 represent. With decades of experience in the energy and nuclear sectors, we’re fascinated by the collaboration, innovation, and discipline required to bring a project of this magnitude to fruition. These are the exact qualities we look for when recruiting talent for roles in the nuclear industry — roles like Project Controls Engineer, Nuclear Safety Case Manager, Commissioning Engineer, and Design Engineer.

We’re particularly encouraged by the way OL3 showcases the real-world application of EPR technology

EPR technology — a cornerstone of the next generation of low-carbon energy infrastructure in Europe. It’s a powerful statement that the lessons learned here will shape future projects in France, the UK, and beyond.

As the French nuclear sector moves forward with a clear strategic focus and renewed confidence, the demand for skilled professionals in nuclear construction, commissioning, and operations will only grow. At Millbank, we’re committed to supporting this demand by connecting the right people with the right projects — both in the UK and across Europe.

The story of Olkiluoto 3 is one of resilience, international cooperation, and engineering excellence.

We’re proud to be part of an industry that builds the future — one ambitious project at a time.

Source: Government Shareholding Agency LinkedIn post

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