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Vattenfall
Vattenfall Faces Profit Decline as Nordic Electricity Prices Drop
It was a significant profit decline during the first quarter for the state-owned energy company Vattenfall, shows the company's quarterly report. .
Few Clear Losers in Swedish Companies' Report Season So Far
Two weeks of report flood have so far not revealed any clear losers among Swedish listed companies. The order intake has actually been quite good in many cases.
Ebba Busch Open to Cooperation with Sweden Democrats
She was the one who opened up for the bourgeoisie's cooperation with SD. After ten years as the Christian Democrats' party leader, Ebba Busch wants to continue being a breakthrough and can become the one who first says yes to the party in government.
Swedish Industry Leaders Eye Co-Ownership in New Nuclear Venture
Vattenfall is starting a separate nuclear power company and is on its way to bringing in Volvo, ABB, SSAB and other industrial giants as co-owners. It facilitates that those who want the electricity are also owners, according to Desirée Comstedt, head of new nuclear power at Vattenfall.
Swedish Exporters Face Uncertainty Amid Trump's Tariff Impact
The stronger krona is expected to have hit hard against Swedish export companies during the first quarter. But what is waiting around the corner is more unclear than in a long time after Trump's tariff shock.
Wind Farm Cable Approval Granted but Vattenfall Faces Cost Hurdle
The Government grants permission for the power cables to a new offshore wind farm outside Falkenberg. But Vattenfall will have to foot the bill – which means the project may never happen.
Vattenfall Prepares Autumn Application as Sweden Backs Nuclear Expansion
The Government is now presenting its plan for financing new nuclear power – something that is welcomed by the industry. We are preparing ourselves to submit an application in the autumn, says Desirée Comstedt, responsible for the development of new nuclear power at Vattenfall.
Vattenfall to Build Germany's Largest Offshore Wind Farm by 2028
Vattenfall has made a final investment decision to build what will be Germany's largest offshore wind farm, the company writes in a press release. .
Fortum Advances Nuclear Power Plans in Sweden and Finland
The Finnish energy giant Fortum is moving forward with plans to potentially build new nuclear power in Sweden and Finland. Where a new facility in Sweden would be located is still unclear.
Vattenfall Explores Selling District Heating Operations in Europe
Vattenfall has initiated an evaluation of the ownership of district heating plants, writes the state-owned energy company in a press release. "This means that Vattenfall will investigate future alternatives, including possible divestment, for its district heating business in Sweden, the UK, and the Netherlands as part of its ongoing portfolio evaluation", writes Vattenfall.
Successful test project for storing hydrogen
The test project for storing fossil-free hydrogen in large rock caverns has been technically proven to work. The pilot project is now completed and reported to the Energy Agency, according to Vattenfall, which together with SSAB and LKAB is driving the so-called Hybrit project, which aims to produce fossil-free steel.
Vattenfall: No Nuclear Power Decision Before 2029
Vattenfall is expected to decide on whether to invest in new nuclear power first in 2029/30, writes SvD. .
Court Rejects Vattenfall Project
The Land and Environment Court at Umeå District Court rejects the state-owned energy company Vattenfall's application to rebuild Juktan's power station. Do it again and do it right, is the message from the court.
Lower electricity prices squeeze Vattenfall's profit
Vattenfall's profit fell during the fourth quarter. This is partly due to lower electricity prices, which have been symptomatic of the whole of 2024, says CEO Anna Borg.
Forsmark Reactor Delayed Further
After being under repair for five months, one of Forsmark's nuclear reactors was supposed to start today. However, the owner Vattenfall announced yesterday evening that the start of Forsmark 3 will be postponed further, to the night of 1 February, according to a notice to the electricity exchange Nord Pool.
Reporting the S-Leader to the Constitutional Committee
The Moderate Party reports S-leader Magdalena Andersson, formerly among others Finance Minister, to the Constitutional Committee (KU). The party believes that there are question marks surrounding the AP funds' investments in the crisis-stricken battery manufacturer Northvolt.
Power outages and fallen trees in the storm
It's storming heavily in large parts of northern Sweden on Friday. Thousands of households are without electricity, trees are falling over roads, and the rescue service is urging people to stay at home.
Nuclear Power Plant CEO Leaves Post
Björn Linde, CEO of the nuclear power plants Ringhals and Forsmark, is leaving his position, announces Vattenfall. .
Experts Expect Stock Market Boost and Dividend Bonanza
The stock market is expected to shake off concerns about the economy, inflation, tariffs, and wars. Professionals are counting on a dividend party ahead of this year's first reporting season.
The Electricity Year 2024 – the Lowest Electricity Price in Several Years
With more wind and sun in the power system, the price differences are increasing. Around eight percent of the year's hours had negative electricity prices this year.
New system: This is how you can lower your electricity bill
It will pay off to spread out your electricity consumption. Running the washing machine at night or, for example, heating up the summer cottage step by step will be cheaper than going full blast on the heaters.
Google buys electricity from Vattenfall's wind farm
Google has committed to buying electricity for 15 years from Zeevonk, a Dutch solar and wind power plant being built by, among others, Vattenfall. .
Investing in Sweden's largest hydroelectric power station
Vattenfall is investing 713 million kronor in Sweden's largest hydroelectric power station Harsprånget in Jokkmokk municipality. With the investment in a new transformer, control system and local switchgear, the power output can be increased slightly, by 15 MW to 826 MW.
This is how the electricity price affects your electricity bill.
This week's electricity price peaks hit households, but not equally hard for everyone. Depending on which electricity agreement you have, you will be affected in different ways, says Jens Berggren at Vattenfall.
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Stay informed with the latest news and updates from Sweden in English. From daily news and events happening now, to recaps of what happened in Sweden last night, our coverage keeps you updated. Swedish news today.
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