Sissener Fund Focuses on Nuclear Power and Modular Reactors, Skeptical of Renewables
Norwegian fund manager Sissener is prioritizing investments in nuclear power, particularly small modular reactors (SMRs), while expressing skepticism towards the economics of renewable energy projects. CEO Philippe Sissener highlights the fund's involvement with companies like Rolls-Royce and Vattenfall, aiming to enhance Europe's energy infrastructure, and emphasizes the need for stable energy production amid critiques of Europe's nuclear policies.
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Norwegian fund manager Sissener emphasizes nuclear power, particularly small modular reactors (SMRs), in its investment strategy. CEO Philippe Sissener expresses skepticism towards renewables, citing poor economics in most wind projects.
The fund's portfolio includes oil and gas companies, with an expectation for nuclear to play a larger role in future energy production. Sissener has invested in British Rolls-Royce, known for its SMR development, and is involved in projects with Vattenfall in Sweden.
Additionally, investments in companies like Siemens Energy and Nexans are aimed at benefiting from upgrades to Europe’s electrical grid. Sissener also highlights the need for stable energy production and notes that while not opposed to renewables, investments depend on geographical conditions. He points to successful solar projects in regions with high sunlight while critiquing Europe’s approach to nuclear, which has led to high electricity prices and uncompetitive industry.
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