Sweden’s state-owned utility Vattenfall said it plans to invest two billion krona (SEK) ($215m) in its nuclear operations in Sweden to ensure that they remain well-equipped to supply stable and safe baseload power well into the future.
In its annual and sustainability report for 2021, the company said it would continue to upgrade and modernise its nuclear power production. It also said it was aiming to stay at the forefront of the latest developments when it comes to small modular reactors.
Last year Vattenfall signed an agreement with the Estonian small modular reactor startup Fermi Energia to become a minority shareholder in the company with a seed investment of €1m. The Fermi Energia SMR initiative also involves Finnish energy company Fortum and Belgian engineering company Tractebel.
In its annual and sustainability report for 2021, the company said it would continue to upgrade and modernise its nuclear power production. It also said it was aiming to stay at the forefront of the latest developments when it comes to small modular reactors.
Last year Vattenfall signed an agreement with the Estonian small modular reactor startup Fermi Energia to become a minority shareholder in the company with a seed investment of €1m. The Fermi Energia SMR initiative also involves Finnish energy company Fortum and Belgian engineering company Tractebel.
Want to keep reading?
Register free and get full access to NucNet for 14 days. No card required.
- Daily news briefing on the global nuclear industry
- Weekly, monthly and topical newsletters
- 24/7 coverage during nuclear incidents and safety events
- Full searchable archive, 30,000+ articles since 1991
- SMR and AMR project database
- Analysis, Focus pieces and infographics
- NucNet Style Guide for nuclear reporters and communicators
After the trial, keep a free account for a newsletter and a complimentary Plus article every two weeks. Or see our subscription plans for individuals and organisations.
See subscription options
