Vattenfall, a Swedish renewable energy company, is progressing with plans to develop new nuclear reactors at the Ringhals nuclear power plant in Sweden. The company is currently evaluating proposals for small modular reactors (SMRs) from Rolls-Royce SMR and GE Hitachi Nuclear Energy. Additionally, Vattenfall is exploring the feasibility of constructing large-scale reactors, with proposals from Westinghouse, EDF, and KHNP under consideration.
The next phase involves a detailed analysis of the SMR proposals to establish a deployment timeline for these reactors on the Värö Peninsula. Vattenfall’s broader strategy aims to enhance its nuclear energy capabilities and contribute to Sweden’s energy mix.
Desirée Comstedt, head of nuclear power at Vattenfall, highlighted that shortlisting SMR suppliers is crucial for advancing the project. The company must submit applications for new nuclear reactors to Swedish authorities. Regardless of whether SMRs or large-scale reactors are chosen, a future investment decision will depend on a risk-sharing model with the state to lower financing costs and ensure affordable electricity production.
