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Vattenfall will invest 12 billion kronor in Swedish hydropower by 2030
Business News

Vattenfall will invest 12 billion kronor in Swedish hydropower by 2030

State-owned energy giant Vattenfall will significantly increase investments in and output from Swedish hydropower. Twelve billion kronor will be invested by 2030
Ringhals' continued problems could push electricity prices higher in southern Sweden
Business News

Ringhals' continued problems could push electricity prices higher in southern Sweden

The date when Ringhals 4 can be fully operational again has been pushed back. The plan had been to bring the reactor fully online on Friday, but on Thursday the date was postponed twice
Vattenfall signs major Norwegian electricity contract with Nscale for Kvandal data center 2027-2031
Business News

Vattenfall signs major Norwegian electricity contract with Nscale for Kvandal data center 2027-2031

State-owned energy group Vattenfall has signed an agreement with Nscale to supply renewable electricity for a major investment in a data center in Kvandal, outside Narvik, Norway, according to a Vattenfall press release.
New application for nuclear power - Studsvik wants to build in Nyköping
Business News

New application for nuclear power - Studsvik wants to build in Nyköping

The number of applications to build new nuclear power plants is increasing. A possible next location is Nyköping, where Studsvik now wants to build a new facility with two to four light-water reactors (SMRs)
Extended shutdown at Ringhals nuclear power plant, Reactor 4 to remain offline until at least May 29
Business News

Extended shutdown at Ringhals nuclear power plant, Reactor 4 to remain offline until at least May 29

Reactor 4 at the Ringhals nuclear power plant will remain offline until at least midnight on Friday, May 29, the state-owned energy group Vattenfall said in a message on the Nord Pool electricity exchange.
Ringhals 4 at half speed affects electricity prices
Business News

Ringhals 4 at half speed affects electricity prices

One of the turbines at reactor 4 of the Ringhals nuclear power plant was temporarily taken out of service on Saturday evening, Vattenfall says.
Blykalla files application to build six reactors north of Gävle
Business News

Blykalla files application to build six reactors north of Gävle

The unlisted Swedish nuclear technology company Blykalla has taken another step towards building a new nuclear power plant in Norrsundet, north of Gävle. An application - without a cost estimate - has been submitted to the government
Higher electricity prices double Vattenfall's profits in first quarter
Business News

Higher electricity prices double Vattenfall's profits in first quarter

Energy group Vattenfall reports a sharp increase in profits in the first quarter. "We have seen higher prices this year, but that is also because we have produced more," says CEO Anna Borg
Full focus on the Iran war in flood of first-quarter reports
Business News

Full focus on the Iran war in flood of first-quarter reports

There is full focus on President Donald Trump and on how the war with Iran is unfolding ahead of listed companies' first-quarter reports. That is all the market is looking at
State becomes majority owner of new nuclear power company Videberg Kraft
Business NewsTop News

State becomes majority owner of new nuclear power company Videberg Kraft

The state will become the majority owner of the new nuclear power company Videberg Kraft, which will build new, smaller reactors at Ringhals. The government proposes that the state own 60 percent
Powerless customers in southern and western Sweden face overnight wait for power after Storm Dave
Sweden News

Powerless customers in southern and western Sweden face overnight wait for power after Storm Dave

More than 30,000 customers have been left without power after Storm Dave, and some will not have electricity restored until Monday.
Storm Dave hits Sweden with hurricane-force winds
Sweden NewsTop News

Storm Dave hits Sweden with hurricane-force winds

Storm Dave has reached the west coast with hurricane-force winds of over 34 meters per second. Trees have fallen across roads and SJ is canceling a large number of departures, including services to and from Gothenburg
Green Party reports Energy Minister Ebba Busch to the Constitutional Committee, accuses her of lying
Sweden News

Green Party reports Energy Minister Ebba Busch to the Constitutional Committee, accuses her of lying

The Green Party has reported Energy Minister Ebba Busch (KD) to the Constitutional Committee after what the party believes was a false statement about offshore wind power.
Transmission lines for new nuclear power could take up to 15 years
Business NewsTop News

Transmission lines for new nuclear power could take up to 15 years

"It could take time, in the worst case, up to 15 years, to get new transmission lines in place for the nuclear power projects that are now being discussed. It's like building a railway station where there is no railway," says Mats Tullgren of Eon
New nuclear power is being planned near Valdemarsvik - suitable location
Business News

New nuclear power is being planned near Valdemarsvik - suitable location

Kärnfull Next - about to be acquired by listed nuclear technology company Studsvik - has submitted an application to the government to build four to six small modular nuclear power reactors a little over a kilometer southeast of Valdemarsvik. A historic day, says Johan Britz (L), acting Minister for Climate and the Environment
Sweden to investigate the state's role in new nuclear power
Sweden News

Sweden to investigate the state's role in new nuclear power

The government is launching a rapid investigation into how the state can facilitate the construction of new nuclear power plants.
Swedish World Heritage sites are rotting, moldering and being washed away
Sweden News

Swedish World Heritage sites are rotting, moldering and being washed away

World Heritage sites are the places that tell the story of us, of human history. But climate change is attacking our common heritage and threatening to destroy it
What to do if you can't pay your expensive electricity bill
Business NewsTop News

What to do if you can't pay your expensive electricity bill

The price of electricity has skyrocketed over the past month, and in many places it is at its highest level in two years. Anyone having difficulty paying a high bill is urged to contact their electricity company promptly
Busch says criticized electricity fee can be stopped
Business NewsTop News

Busch says criticized electricity fee can be stopped

The statutory, widely criticized "power tariffs" may be scrapped. I am in favor of stopping them outright, says Energy Minister Ebba Busch (KD)
Swedish World Heritage sites are rotting, moldering and being washed away
Sweden News

Swedish World Heritage sites are rotting, moldering and being washed away

World Heritage sites are the places that tell the story of us, of human history. But climate change is attacking our common heritage and threatening to destroy it
Vattenfall says waste costs too high, nuclear power plans threatened
Business News

Vattenfall says waste costs too high, nuclear power plans threatened

Vattenfall must have the costs of the final repository covered. Otherwise, plans for new nuclear power are at risk
New problem for Swedish nuclear reactor at Forsmark
Business News

New problem for Swedish nuclear reactor at Forsmark

One of the nuclear reactors at Forsmark will be taken offline on Sunday for a short shutdown, according to the electricity exchange Nord Pool.
Long power outages in recent weeks - worst since Storm Gudrun
Sweden News

Long power outages in recent weeks - worst since Storm Gudrun

How much you'll receive in compensation for the power outage
Business News

How much you'll receive in compensation for the power outage

Thousands of electricity customers are still without power after the weekend's wind and snow storm. But customers are not without options
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