en.Wedoany.com Reported - Swedish nuclear services company Studsvik has applied for government state support to develop up to 1,400 MW of small nuclear power capacity in southern Sweden. The project plans to adopt a light-water small modular reactor solution, with multiple candidate sites being advanced simultaneously. It still requires approval processes from the government, nuclear regulatory authorities, the Environmental Court, and the EU level.

Studsvik is the third company to submit an application under Sweden's nuclear power support mechanism. The Swedish government has previously proposed loan guarantees, long-term price guarantees, and nuclear waste management support arrangements, aiming to promote the construction of at least 5,000 MW of new nuclear capacity to meet future industrial and electricity demand growth. Analysts in the country predict that Sweden's electricity demand could double from current levels by 2045.

Studsvik CEO Karl Thedeen stated: "New nuclear is moving from policy ambition to industrial execution," noting that the new capacity could be used to replace aging baseload power sources and support Sweden's industrial growth. The company has not disclosed the specific amount of state support applied for. It plans to form a consortium with reactor technology suppliers and private investors, and is studying the possibility of government participation in establishing a project operating company. If this 1,400 MW small nuclear power project proceeds, it will become an important part of Sweden's new nuclear power plan.

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