Swedish utility Vattenfall is considering setting up at least two small modular reactors at Ringhals in southern Sweden, informs Chief Executive Officer of Vattenfall Anna Borg.

She explains that while no decision has been made yet, Vattenfall will explore options, with a preliminary conclusion scheduled around the turn of the year 2023-2024.

”If we are to build this, it’s a prerequisite that it is financially viable,” says the Vattenfall chief exec.

At the Ringhals nuclear power plant, two of four reactors have been shut down in recent years.

Across the nation, the number of nuclear power reactors in operation has declined from ten to six. But this trend might soon reverse.

Small modular reactors use the same methods as traditional nuclear power plants. The main difference is that they are cheaper and generate power at lower prices.

Borg also sees it as an advantage that the Ringhals facilities already exist. Accordingly, setting up the SMRs will not require as much effort.

”The area is well-suited for it. Both when it comes to various kinds of security layouts and when it comes to connecting electricity production without having to add more,” says Borg.

”Moreover, we also have a lot of competencies and staff in this area with the aptitude to carry this out,” the CEO says.

Nuclear power has long been a much-debated energy source.

On one hand, it is environmentally friendly given that there is no CO₂ impact and therefore does not contribute to global warming. Another advantage is that it requires less space compared to wind and solar energy, for instance.

On the other hand, nuclear power plants generate nuclear waste, which is harmful to people and nature if not stored safely.

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