Friday, August 1, 2025

Latest

Sweden’s Nuclear Revival: New Government Will Build More Power Plants to Keep up with Increasing Energy Demand

Sweden’s new government is expected to ask the country’s utility provider to build more nuclear reactors in a bid to boost electricity supply amid an expected influx of energy demand in the coming years.

After winning elections last month, the right-wing Christian Democrat party announced on Friday it will request state-owned utility company Vattenfall AB to construct new power stations in an effort to increase domestic electricity supply amid increasing concerns over Europe’s energy security. “New reactors will be built in Sweden,” said Ebba Busch, who’s party is expected to become the country’s government following a parliamentary vote come next week.

Sweden has been on the fence about nuclear power for a long time, but the energy source has gained more popularity recently as Europe faces a deepening energy crisis thanks to the conflict in Ukraine, all whilst an increasing number of governments look to reduce fossil fuel usage. A recent poll cited by Bloomberg shows about 60% of Swedes are in favour of building additional reactors that would serve as a more reliable source of power when the wind doesn’t blow and the sun doesn’t shine.

The Nordic nation is currently home to six power plants, which are nearly all operated by Vattenfall. If the Christian Democrat’s request comes to fruition, Sweden could soon see a number of small modular reactors (SMRs) as early as 2030. The utility company has been mulling reviving nuclear energy, announcing it will commission an 18-month analysis on the technology.

Information for this briefing was found via Bloomberg. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why Gold’s Bull Run May Just Be Getting Started! | Peter Grandich

Tariffs Spark New Race for Critical Metals | Rob McEwen

Antimony Resources: The Bald Hill Project

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

Stockholm to Ban Gasoline and Diesel Cars Beginning 2025

Stockholm, Sweden, is set to become the first European capital to impose a ban on...

Wednesday, October 18, 2023, 12:29:00 PM

US Regulators Certify Country’s First-Ever Small Modular Nuclear Reactor For Usage

As the world reluctantly turns to nuclear power amid the energy crises, a recent development...

Monday, August 8, 2022, 10:59:07 AM

Global Nuclear Expansion Set to Fuel Surge in Uranium Demand

Global nuclear power capacity is expected to grow significantly over the next decade, according to...

Thursday, October 17, 2024, 04:05:00 PM

Young Activist Tells Greenpeace to Drop “Old-Fashioned and Unscientific” Anti-Nuclear Campaign

Ia Aanstoot, an 18-year-old climate activist hailing from Sweden and a prominent participant in Greta...

Thursday, August 31, 2023, 04:35:00 PM

Nuclear Revival on the Horizon? Quebec Energy Minister Supports Review of Gentilly-2 Reactor

Quebec’s Energy Minister, Pierre Fitzgibbon, has voiced his support for Hydro-Québec’s exploration into the potential...

Wednesday, August 16, 2023, 12:05:00 PM