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Weekly Industry News Update 📰 We're keen to share our latest insights, featuring our Sales Director, Antony Harding. Antony had this to say about the market: "New week new SMR news, what an exciting time for new nuclear! Kärnfull, a leading small modular reactor (SMR) project development company, has announced Valdemarsvik in southeastern Sweden as a new candidate site to host up to six nuclear reactors. The first reactor could be delivering electricity by the early 2030s. 🔍 Key Info: Exclusive Partnership: Kärnfull Next has entered an exclusive agreement with landowner Latona Group for exploration rights at the site. Promising Preliminary Results: Early studies indicate positive outcomes due to favorable location, topography, and cooling conditions. Local Impact: The project is estimated to create around 500 direct and indirect jobs per year for 70 years, significantly boosting the local economy. ⚡ Project Details: SMR Park: Planned to host between four and six small light-water reactors, producing 10-15 TWh of clean electricity annually. As a reference, Sweden's existing nuclear fleet produced 47 TWh last year. Collaboration: Kärnfull Next is partnering with GE Hitachi (developer of the BWRX-300 SMR) and Finnish state energy company Fortum to develop ready-to-build projects. Kärnfull Next has been conducting site selection and feasibility studies across several municipalities in Sweden since 2022, working towards a sustainable and energy-secure future." #WeeklyIndustryNews #CleanEnergy #RenewableElectricity

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