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        <title><![CDATA[Sweden Herald - Fortum]]></title>
        <description><![CDATA[The latest Sweden Herald stories about Fortum, in English.]]></description>
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            <title><![CDATA[How pumped hydropower could become a giant battery for renewable energy]]></title>
            <description><![CDATA[How can solar and wind power be stored for when electricity is needed? An old technology could be the answer, with several large-scale projects underway around the world. “It’s simply fantastic,” says Professor Andrew Blakers.]]></description>
            <link>https://swedenherald.com/article/how-pumped-hydropower-could-become-a-giant-battery-for-renewable-energy</link>
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            <pubDate>Mon, 09 Nov 2026 09:26:45 GMT</pubDate>
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            <title><![CDATA[Fortum’s Third-Quarter Operating Profit Falls Short of Expectations Despite Higher Revenue]]></title>
            <description><![CDATA[Finnish energy group Fortum reports unexpectedly weak results for the third quarter, although sales revenue increased more than expected.]]></description>
            <link>https://swedenherald.com/article/fortums-thirdquarter-operating-profit-falls-short-of-expectations-despite-higher-revenue</link>
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            <pubDate>Wed, 28 Oct 2026 07:38:00 GMT</pubDate>
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            <title><![CDATA[Google to invest 13 billion euros in AI and clean energy in Finland, its biggest Europe deal]]></title>
            <description><![CDATA[Google is investing 13 billion euros in new AI capacity and clean energy in Finland. It will be the IT giant's "largest single investment in Europe, and a testament to Finland's leadership in responsibly building AI infrastructure," the company writes.]]></description>
            <link>https://swedenherald.com/article/google-to-invest-13-billion-euros-in-finland-data-center-expansion</link>
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            <category><![CDATA[Technology]]></category>
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            <pubDate>Wed, 09 Sep 2026 07:15:49 GMT</pubDate>
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            <title><![CDATA[Fortum seeks government support for new reactors in Oskarshamn]]></title>
            <description><![CDATA[A project company owned by the Finnish energy group Fortum has applied for government support to build new nuclear reactors next to the existing nuclear power plant in Oskarshamn.]]></description>
            <link>https://swedenherald.com/article/fortum-seeks-government-support-for-new-reactors-in-oskarshamn</link>
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            <pubDate>Thu, 27 Aug 2026 07:19:16 GMT</pubDate>
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            <title><![CDATA[Electricity Prices Could Spike This Winter, But Locking in a Rate Now May Cost More]]></title>
            <description><![CDATA[Electricity risks becoming prohibitively expensive this winter, surpassed only by the crisis year of 2022. But locking in a price now? Well, that could be even more expensive.]]></description>
            <link>https://swedenherald.com/article/electricity-prices-could-spike-this-winter-but-locking-in-a-rate-now-may-cost-more</link>
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            <pubDate>Wed, 19 Aug 2026 03:45:17 GMT</pubDate>
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            <title><![CDATA[Electricity prices jump in southern Sweden as weaker wind lifts rates]]></title>
            <description><![CDATA[The electricity price in Sweden in areas 3 and 4, i.e. south of Borlänge, has jumped. From a daily price of 25 and 39 öre per kilowatt hour on Tuesday to a daily price of 94 öre and around 1 krona and 30 öre on Wednesday.]]></description>
            <link>https://swedenherald.com/article/electricity-prices-jump-in-southern-sweden-as-weaker-wind-lifts-rates</link>
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            <pubDate>Wed, 12 Aug 2026 17:08:59 GMT</pubDate>
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            <title><![CDATA[Fortum reports unexpected drop in second-quarter operating profit]]></title>
            <description><![CDATA[Finnish energy group Fortum, one of Sweden's major electricity suppliers, reports adjusted operating profit of EUR 106 million for the second quarter of the year.]]></description>
            <link>https://swedenherald.com/article/fortum-reports-unexpected-drop-in-adjusted-operating-profit-to-106-million-euros</link>
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            <pubDate>Tue, 21 Jul 2026 06:06:56 GMT</pubDate>
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            <title><![CDATA[Ringhals' continued problems could push electricity prices higher in southern Sweden]]></title>
            <description><![CDATA[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.]]></description>
            <link>https://swedenherald.com/article/problems-in-ringhals-continue-as-restart-of-ringhals-4-delayed-to-june-12</link>
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            <pubDate>Thu, 28 May 2026 13:41:33 GMT</pubDate>
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            <title><![CDATA[Ringhals 4 at half speed affects electricity prices]]></title>
            <description><![CDATA[One of the turbines at reactor 4 of the Ringhals nuclear power plant was temporarily taken out of service on Saturday evening, Vattenfall says.]]></description>
            <link>https://swedenherald.com/article/ringhals-4-operating-at-half-capacity-after-turbine-taken-out-of-service</link>
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            <pubDate>Sun, 24 May 2026 12:22:49 GMT</pubDate>
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            <title><![CDATA[Fortum profits boosted by higher electricity prices]]></title>
            <description><![CDATA[The Finnish energy group Fortum, co-owner of the Forsmark and Oskarshamn nuclear power plants, has reported unexpectedly strong first-quarter results.]]></description>
            <link>https://swedenherald.com/article/fortum-profits-boosted-by-higher-electricity-prices</link>
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            <pubDate>Wed, 29 Apr 2026 06:12:40 GMT</pubDate>
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            <title><![CDATA[High electricity prices for the rest of the year - but expensive to fix]]></title>
            <description><![CDATA[The price of electricity has skyrocketed in the wake of the Iran war. In southern Sweden in particular, unusually high electricity costs are expected for the rest of the year. It is probably too late to fix electricity prices. Christian Holtz, an electricity expert, says it is very expensive at the moment.]]></description>
            <link>https://swedenherald.com/article/high-electricity-prices-for-the-rest-of-the-year-but-expensive-to-fix</link>
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            <pubDate>Fri, 20 Mar 2026 13:01:46 GMT</pubDate>
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            <title><![CDATA[Electricity prices rise after unexpected Oskarshamn reactor outage]]></title>
            <description><![CDATA[The nuclear reactor at Oskarshamn is being taken out of service following an unexpected failure. Electricity prices are now rising.]]></description>
            <link>https://swedenherald.com/article/unexpected-error-nuclear-power-reactor-at-oskarshamn-taken-out-of-service</link>
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            <pubDate>Mon, 23 Feb 2026 10:48:42 GMT</pubDate>
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            <title><![CDATA[Fortum exceeds expectations, lowers dividend]]></title>
            <description><![CDATA[The Finnish energy group Fortum, with over a million customers in Sweden, is doing better than expected.]]></description>
            <link>https://swedenherald.com/article/fortum-exceeds-expectations-lowers-dividend</link>
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            <pubDate>Tue, 03 Feb 2026 07:19:18 GMT</pubDate>
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            <title><![CDATA[Cheaper electricity expected in 2026 for southern Sweden]]></title>
            <description><![CDATA[A homeowner in southern Sweden can expect electricity prices to be 1,000 Swedish kronor lower this year than last year. In the north, however, electricity will likely be more expensive. If the winter is severe, it could have far-reaching effects. This is what the current electricity forecasts look like for 2026.]]></description>
            <link>https://swedenherald.com/article/cheaper-electricity-expected-in-2026-for-southern-sweden</link>
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            <pubDate>Sun, 04 Jan 2026 07:04:22 GMT</pubDate>
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            <title><![CDATA[Researchers: It creates excess profits in electricity companies]]></title>
            <description><![CDATA[The Swedish electricity grid companies are making substantial profits, TT's review of the companies' accounts shows. The regulation automatically gives a right to overcompensation, says Erik Lundin, researcher and expert on electricity grid regulation. New rules will change that, but only after 2028.]]></description>
            <link>https://swedenherald.com/article/researchers-it-creates-excess-profits-in-electricity-companies</link>
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            <pubDate>Sat, 06 Dec 2025 06:32:05 GMT</pubDate>
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            <title><![CDATA[Sweden's Single Electricity Area Proposal: Impact on North and South]]></title>
            <description><![CDATA[Everything is possible, says the Energy Companies' electricity analyst Magnus Thorstensson on the question of whether it is possible to make Sweden into a single electricity area. The winners would probably be customers in the south and producers in the north. The losers would be households in Norrland.]]></description>
            <link>https://swedenherald.com/article/swedens-single-electricity-area-proposal-impact-on-north-and-south</link>
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            <pubDate>Thu, 15 May 2025 13:16:09 GMT</pubDate>
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            <title><![CDATA[Vattenfall Prepares Autumn Application as Sweden Backs Nuclear Expansion]]></title>
            <description><![CDATA[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.]]></description>
            <link>https://swedenherald.com/article/swedens-industry-supports-new-nuclear-power-plans-for-future-stability</link>
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            <pubDate>Thu, 27 Mar 2025 13:15:12 GMT</pubDate>
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            <title><![CDATA[Fortum Advances Nuclear Power Plans in Sweden and Finland]]></title>
            <description><![CDATA[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. We are looking at different locations, says Jesper Marklund, Fortum's responsible for the development of new nuclear power in Sweden.]]></description>
            <link>https://swedenherald.com/article/fortum-advances-nuclear-power-plans-in-sweden-and-finland</link>
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            <pubDate>Mon, 24 Mar 2025 07:01:35 GMT</pubDate>
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            <title><![CDATA[Fortum increases dividend]]></title>
            <description><![CDATA[The energy company Fortum is increasing the dividend to 1.40 euros according to a proposal from the board. This can be compared to 1.15 euros last year.]]></description>
            <link>https://swedenherald.com/article/fortum-increases-dividend</link>
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            <pubDate>Tue, 11 Feb 2025 07:30:24 GMT</pubDate>
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            <title><![CDATA[Northvolt founder bets on new industrial project]]></title>
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            <pubDate>Fri, 06 Dec 2024 14:22:37 GMT</pubDate>
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            <title><![CDATA[Harsh criticism of nuclear power plan: "Jubilation calculation"]]></title>
            <description><![CDATA[The criticism is harsh against the government's proposal on how new nuclear power should be financed. It is a joy calculation, is too poorly investigated and the risk is great that other power sources are pushed aside when nuclear power is subsidized.]]></description>
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            <pubDate>Tue, 03 Dec 2024 14:36:00 GMT</pubDate>
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            <title><![CDATA[Harsh criticism of how new nuclear power will be financed]]></title>
            <description><![CDATA[The Government's plans on how new nuclear power will be financed receive harsh criticism. The Energy Market Inspectorate rejects the proposal entirely.]]></description>
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            <pubDate>Mon, 02 Dec 2024 15:08:10 GMT</pubDate>
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            <title><![CDATA[Halved profit for Fortum]]></title>
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            <pubDate>Tue, 29 Oct 2024 07:54:57 GMT</pubDate>
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            <title><![CDATA[Electricity may become three times more expensive this winter]]></title>
            <description><![CDATA[Electricity can become really expensive in the winter when the new system for electricity transmission is introduced. Almost three times higher electricity prices can be the consequence, show test runs. And that's when you use the most electricity, says Jan Rönnback at Fortum.]]></description>
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            <pubDate>Sat, 21 Sep 2024 05:19:57 GMT</pubDate>
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            <title><![CDATA[Telecom Company Pauses Collaboration with Telecom Service Company]]></title>
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            <pubDate>Tue, 17 Sep 2024 10:43:12 GMT</pubDate>
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