Sweden – Fortum and Studsvik have signed a Memorandum of Understanding (MoU) to explore the potential for new nuclear power generation in Sweden. This collaboration is part of Fortum’s ongoing feasibility study to assess the viability of new nuclear power projects in both Finland and Sweden.
The agreement between Fortum and Studsvik will focus on assessing the suitability of the Studsvik site for new nuclear power plants, with a focus on both SMRs and conventional large reactors. SMRs are smaller and more modular than traditional nuclear reactors, making them potentially more cost-effective and versatile.
The successful development of new nuclear power projects in Sweden could have a significant impact on the country’s energy mix, helping to reduce reliance on fossil fuels and meet growing electricity demand. Additionally, new nuclear power could provide a stable and reliable source of carbon-free energy, contributing to Sweden’s ambitious climate goals.
The collaboration between Fortum and Studsvik marks a significant step forward in exploring the potential for new nuclear power in Sweden.