Montel News - Energy Insights

Swedish nuclear – Just an illusion?

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June 04, 2024
Sweden is banking on nuclear power to help it meet a forecast sharp rise in demand. But it is a path fraught with obstacles given Europe has so far failed to build any new nuclear capacity on time or on budget. Reporting by: Chris Eales, Editor France, Montel. Contributors: Jesper Marklund, Nuclear Development Manager, Fortum Sweden; Oskar Öhrman, CTO, Svensk Solenergi. This video was first published on 3 June 2024.
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Under examination is nuclear energy's relative competitiveness against solar and wind power slope 2. Though they need large financing, investments in novel nuclear technologies like small modular reactors (SMRs) are being investigated.

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Honestly, Sweden betting big on nuclear is a bit of a gamble. On one hand, nuclear *could* be a reliable, low-carbon energy source, which is exactly what they need with demand going up. But, and this is a HUGE but, look at the track record in Europe. Projects are constantly delayed and go way over budget. It's not just a little over, we're talking *billions*. Fortum Sweden's involvement is a positive sign, but even with their expertise, navigating regulations and actually getting these plants built will be a massive hurdle.


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