Categories: Business

Sweden’s ambitious plan for nuclear power expansion by 2035 is under threat as deadlines loom



The Swedish government’s goal of getting new nuclear power capacity online by the middle of the next decade is a big challenge, but one that’s attainable, according to the nation’s coordinator for the drive to revive atomic energy.

Above all, effective coordination between the different parts of the industry, the government and other bodies will be needed, said Carl Berglof, who was appointed national nuclear coordinator in January. The government’s road map calls for at least 2,500 megawatts up and running by 2035.

Sweden is in dire need of new power capacity as demand is projected to double with the electrification of the economy in the coming decades. Sweden has six reactors today, providing about a third of the nation’s electricity. State utility Vattenfall AB and Finland’s Fortum Oyj are among the firms studying new reactors, although investment decisions are still years away.

“Sweden is seen as an attractive country to invest in as we know nuclear power,” Berglof told reporters in Stockholm on Tuesday. “But we have to show that it’s possible as well.”

Clarity is needed on the support provided by the state, he said. The model needs to stay the same though the newbuild program, he added.

Vattenfall said last week that the earliest a new reactor could come online is in the first half of the 2030s.

The firm said it had narrowed the list of potential suppliers of so-called small modular reactors to two firms from six — Rolls Royce Holdings Plc and GE Hitachi Nuclear Energy.

In parallel, Vattenfall continues to study suppliers for potential large-scale units, including Electricite de France SA, Westinghouse Electric Co. and Korea Hydro and Nuclear Power Co. Vattenfall has also said it’s studying extending the lives of its existing units.

Subscribe to the CEO Daily newsletter to get global CEO perspectives on the biggest stories in business. Sign up for free.



Source link

Washington Digital News

Share
Published by
Washington Digital News

Recent Posts

NASA’s Parker Solar Probe will fly closer to the sun than ever on Christmas Eve

NASA’s Parker Solar Probe is still zipping around the sun making history, and it’s gearing…

2 hours ago

21 Best Part-Time Jobs That Actually Pay Well

Part-time jobs that pay can benefit many people in different situations. However, almost everyone would…

2 hours ago

The race is on to buy an EV while the $7,500 tax credit is a sure thing. Drivers should still go slow and ask these questions.

“Don’t rush into it, but be aware the clock is ticking,” said one new electric-vehicle…

3 hours ago

Maheshri and Winston: “The U.S.’s Decades Long 2nd Great Depression”

In RealClearPolitics, a provocative thesis, from Vikram Maheshri (U. Houston) and Cliff Winston* (Brookings): The…

4 hours ago

Bought Bitcoin at $108,000? Don't Panic

Bitcoin’s price is down over 10% from its all-time high and its critics are taking…

4 hours ago

Stimulus checks of up to $1,400 each are being sent by IRS

© 2024 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance…

4 hours ago