Sweden's Vattenfall Seeks State Funding for New Nuclear Reactors

Sweden’s power giant Vattenfall announced on Tuesday it is applying for state aid for an investment in small modular reactors (SMRs) as part of a plan by industrial giants to bet on new nuclear power in the country.  Last month Sweden’s biggest industrial firms signed an agreement with Vattenfall to become shareholders in the power giant’s new company, Videberg Kraft AB, which plans to build SMRs in the country. One of Europe’s top electric utilities, Vattenfall, created Videberg Kraft AB in April this year as a separate…