From OilPrice, December 23:
Sweden’s power giant Vattenfall announced on Tuesday it is applying for state aid for an investment in small modular reactors (SMRs) as part of a plan by industrial giants to bet on new nuclear power in the country.
Last month Sweden’s biggest industrial firms signed an agreement with Vattenfall to become shareholders in the power giant’s new company, Videberg Kraft AB, which plans to build 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 joint investment and collaboration enabling the development of new nuclear power in Sweden.
Industrikraft, whose members include Volvo Group, Saab, Alfa Laval, and Hitachi Energy, will become a shareholder in Videberg Kraft with a 20-percent stake.
The government has previously announced that the state also intends to become a shareholder in the new company....
....MUCH MORE
Possibly also of interest:
May 26 - "How GE Vernova plans to deploy small nuclear reactors across the developed world" (GEV)
A bit of background to point up the importance of a couple recent posts:
HELSINKI, Finland (July 1, 2025) – GE Vernova Hitachi Nuclear Energy (GVH) and Fortum have entered into an early works agreement to advance potential deployment of the BWRX-300 small modular reactor (SMR) in Finland and Sweden....
—from July 1's "GE Vernova, Other Power Stocks Weigh on the S&P 500" (GEV).
