Challenges and Developments in Nuclear Power Sector Amidst SMR Projects
The Swedish nuclear sector faces significant challenges as Vattenfall advances plans for new reactors. A report indicates that 3,000 reactors are necessary for profitability, highlighting the complexities in developing small modular reactors (SMRs).
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Vattenfall is progressing with plans for new nuclear power at Ringhals. The viability of small modular reactors (SMRs) is under scrutiny, with 3,000 reactors deemed necessary for profitability according to BASE.
Notably, Nuward, a subsidiary of EDF, was discontinued in 2024 due to budget overruns. Meanwhile, NuScale's project in Idaho is stalled, shifting focus to Tennessee with operations aimed for 2030. Sweden is part of a broader effort, with 15 European nations planning 54 SMR projects.
However, only half have designated sites, raising concerns over the feasibility of mass production. The financial implications are substantial, with state commitments for nuclear waste programs potentially reaching 122 billion SEK by 2026. Investors in companies like Rolls-Royce and GE Vernova face significant political risks.
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