Swedish Industrial Giants Bet Big on Small Modular Nuclear Reactors

Sweden’s biggest industrial firms have signed an agreement with Vattenfall to become shareholders in the power giant’s new company, Videberg Kraft AB, which plans to build small modular reactors (SMRs) in the country. One of Europe’s top electric utilities, Vattenfall, created Videberg Kraft AB in April this year as a separate entity to be able to apply for government support. Now the company and the industry organization, Industrikraft, plan joint investment and collaboration enabling the development of new nuclear power…