Sweden-based small modular reactor (SMR) project development company Kärnfull Next has begun a feasibility study for potential reactor deployment on a site on the island of Stora Askö in the municipality of Västervik, southeast Sweden.

The company said it has signed a cooperation agreement with the landowner to conduct the feasibility study.

The decision to make Västervik a candidate site was based on a wide range of factors, including strong local political support and interest from the business community in securing a stable and fossil-free energy supply for the region, Kärnfull Next said.