US EditionSwedish Industrial Giants Bet Big on Small Modular Nuclear Reactors
13 Articles
13 Articles
Both the Moderates and the Social Democrats welcome the news that a number of heavy industrial companies want to join in investing in new reactors in Sweden. But MP spokesman Daniel Helldén is skeptical. “This is mostly symbolism,” he says.
Nine heavy industrial companies are investing in Vattenfall's nuclear power project at Ringhals. The prerequisite for their participation is the large government subsidies consisting of government loans and a fixed electricity price for 40 years.
Vattenfall and several large companies within Industrikraft have signed an agreement for new nuclear power in Sweden. In the future, the companies will become part-owners of Vattenfall's nuclear power company. The fact that the state will join as a third owner is "in principle a prerequisite" for the project, says Vattenfall's CEO Anna Borg.
Swedish Industrial Giants Bet Big on Small Modular Nuclear Reactors
Sweden’s biggest industrial firms have signed an agreement with Vattenfall to become shareholders in the power giant’s new company, Videberg Kraft AB, which plans to build small modular reactors (SMRs) in the country. One of Europe’s top electric utilities, Vattenfall, created Videberg Kraft AB in April this year as a separate entity to be able to apply for government support. Now the company and the industry organization, Industrikraft, plan …
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