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.

Selkirk Copper Mines — sponsored Sponsored · Selkirk Copper Mines

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

Tungsten Went 6X. I Went to See the Deposit Time Forgot | DD-on-the-GO! – Rackla Metals Inc

The World’s Largest Undeveloped Gold Project Nears a Deal | Rudi Fronk – Seabridge Gold

One of the World’s Biggest Copper Mines Could Reopen Just to Shut Down | First Quantum

Recommended

First Majestic Produces 3.4 Million Ounces of Silver in Q3 2026, Jerritt Canyon Restart Remains on Track

Altamira Gold Drills 134 Metres of 0.5 g/t Gold at Maria Bonita, Hole Ends in Mineralization

Related News

NATO Picks Sweden’s Saab Over Boeing to Replace Its AWACS Fleet in $4.5 Billion Deal

The alliance will buy up to 10 Saab GlobalEye aircraft to replace its aging Boeing...
Wednesday, July 8, 2026, 06:00:23 AM

French Energy Prices Soar to Record-Highs: Will The Government Be Able To Keep Up With Its Energy Price Cap?

With the majority of the world focused on natural gas shipments from Russia to Germany,...

Saturday, August 13, 2022, 11:10:00 AM

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

US to Invest $3.4 Billion in Domestic Nuclear Reactor Fuel Production

The United States government is set to request bids from suppliers for contracts worth up...

Tuesday, May 21, 2024, 10:51:01 AM

China Race to Build 100 Reactors in 10 Years Sparks Concerns

China is poised to become the global leader in nuclear power generation, with plans to...

Sunday, December 8, 2024, 07:16:00 AM