Swedish gov't to take direct stake in new nuclear reactors
Sweden's government said on June 25 that it was taking a direct majority stake in a company planning to build three small modular reactors (SMRs), the country's first new nuclear reactors in half a century.
Sweden last year chose to opt for SMR technology when it decided to build new nuclear reactors for the first time in 50 years.
Energy Minister Ebba Busch told a press conference that just like in the 1970s — when most of Sweden's reactors were built — the world was now facing an energy crisis.
"There are major geopolitical uncertainties and substantial electrification needs," Busch said, noting that energy had several times become "weaponised".
