Sweden will build new modular nuclear reactors

Sweden will build new nuclear reactors at Ringhals using modular reactor technology. Vattenfall selected GE Vernova or Rolls-Royce SMR for the project. This decision signifies a shift towards smaller, potentially faster, and cheaper nuclear power solutions. The move was announced with significant political backing, highlighting its importance for Sweden's future energy supply and industry. Modular reactors are seen as a way to address rising electricity demand and regional price disparities. This approach is also being pursued by other countries globally.