Fortum contemplates new nuclear for Finland, Sweden

October 20, 2022, 9:41AMNuclear News

Finnish energy company Fortum has announced the launch of a two-year feasibility study to explore the potential for new nuclear construction, with a focus on Finland and neighboring Sweden. The utility said it will examine commercial, technological, and societal conditions for both conventional large reactors and small modular reactors.

Sweden to study SMRs at Ringhals

July 11, 2022, 12:00PMNuclear News
The Ringhals nuclear power plant. (Photo: Wikipedia)

Vattenfall has initiated a study to look into the feasibility of building at least two small modular reactors adjacent to its Ringhals nuclear power plant, the Swedish state-owned power company announced recently.

Located on Sweden’s west coast about 37 miles south of Gothenburg, Ringhals holds two operating power reactors: Unit 3, a 1,074-MWe pressurized water reactor; and Unit 4, a 1,130-MWe PWR. The facility is also home to two retired units: Unit 1, a boiling water reactor shut down in December 2020; and Unit 2, a PWR taken off line in December 2019.

Germany settles with utilities over nuclear phaseout

March 15, 2021, 7:00AMNuclear News

RWE’s Gundremmingen nuclear plant, located in Bavaria, is slated to close at the end of the year. Photo: Wikipedia/Felix König

After years of litigation, Germany has reached an agreement with four utility companies on compensation for losses incurred as a result of the government’s stunning decision in 2011 to abandon nuclear power. In March of that year, only days after the Fukushima Daiichi disaster, German Chancellor Angela Merkel announced a 180-degree reversal in the country’s energy policy, which had been one of support for nuclear power. Eight units were shut down immediately, and by May 2011 the government had announced a plan to close all nuclear power plants by 2022.

The companies will receive a total of €2.4 billion (about $2.85 billion), with €1.4 billion going to Sweden-based Vattenfall and the remaining €1 billion split between German utilities RWE (€880 million), EnBW (€80 million), and E.ON (€42.5 million). In return, the companies have agreed to terminate all phaseout-related legal disputes with the government.